The Positive Fiscal Influence Of Gambling On The American Economy

The growing industry of gambling creates revenue from taxes, but is it really profitable? Smith-Christopher claims “the total amount accounts for less than a quarter of the gambling industry revenues nationwide each year.” It can be said that gambling can help economic progress, “Nearly half of all tribal gaming enterprises earn less than $10 million in annual revenue, and one-quarter earn less than $3 million each year. On the other end of the spectrum, about 40 tribal casinos (or about 1 in 10) take in two-thirds of all Indian gaming revenues” (Smith-Christopher). The economic benefits that gambling creates may outweigh the addictions it may create. Walker claims, “As gambling expands, the gambling industry and government are beginning to

In today’s world there are many different types of gambling such as casinos, state lotteries, pull tabs, bingo, sports and internet gambling. Popularity of this activity remains strong in America, however, there are individuals and groups that continue to scrutinize and attack this industry. I believe gambling is a fun social activity that should not be prohibited or policed by the federal government. It should be an individual’s right to choose if they gamble or not based on their own personal beliefs and view point.

This is the only way that income can increase (Singapore EXPO Convention and Exhibition Centre, 2009). Moreover, the city that casino is located in will gain a more amount of tax from the casino, also making that city more wealthy. If a casino is opened in a country side where there lack of businesses, there will bring other businesses in. Such as restaurants, theme parks, hotels, and even gas stations which will bring in more revenue for the city (UKessays, 2015). However there are some negative impacts of economic impacts. The main negative impacts include the consuming on public services, like sewers and road maintenance, and the costs of increased crime prevention in casino neighborhoods and even in adjacent communities. While the money invested in several gambling projects and the jobs at the first instance created are cleared, the industry has been criticized for inflating the potential grows economic impacts and unremarkable the negative impacts (Goodman, R., 2001). Moreover, gambling activities and the gambling philosophy are straightly effect to the business principles and economic development. Legalized gambling activities also have bad effect to education at philosophically and fiscally (Clotfelter, C. T. & Cook, P. J.,

A.1. You can write or call your local representative and express how you think legalizing casinos will help reduce crime and increase revenue for the state.

Gambling has been a popular activity in the United States from the 1600’s to the present day United States. As gambling grows as a worldwide enterprise, it expands the United States with the opportunities it provides and the attention it consumes. Gambling as a whole benefits different recreational activities and events such as sports. Gambling also allows people visiting places like Las Vegas to enjoy playing poker with friends and even winning money after a game of poker or Slot Machine. Gambling allows many activities to be expanded to their full potential and offer people the full

A lot of governments have invested in building world-class gambling facilities to encourage these tourists to play. The Cherokee casino named Harrah’s is one of many casinos around the world that impact the economy, providing gambling which boosts the flow of tourists. This Casino helps out the Cherokee Nation by funneling funds right back into the Cherokee Nation. This funds help improve such things as building better housing, attractive landscaping, upgraded water and sewer systems, and improved schools. Gambling dollars have funded a diabetes clinic, an urgent care clinic, a wellness center, a youth center, a recreational park, a visitor center, a community center, a nursery, a fire substation, and land purchases, all within the reservation. The casino doesn’t just earn funds for Cherokee Nation it provides a very big help to employment rates, gambling provides these tourists quality entertainment for them to enjoy. “The yearly unemployment rate, a misleading figure because it failed to take into account the seasonal nature of the tourist industry, was still a staggering 18 percent. In the winter, when many shops, restaurants, and hotels close, unemployment on the

First, the state has to find construction workers to work on building the commercial casino. In a casino there are many different workers. There are dealers, a broker, bartenders, chefs, cooks, clerks, bingo caller, floor worker, waiters, host, managers, change attendants, cashiers, runners, technicians, security officers, and surveillance officers. In Las Vegas, Nevada there were 170,206 people employed at a; casino in the year 2012. Nevada is ranked 35th in state population and has a population of 2,790,136 in the state. Texas is ranked 2nd and 26.96 million. One of Nevada’s major industry is gambling. If the state of Texas were to legalize gambling the state unemployment rate would go down. Not only would people get employed by the casinos. Other businesses would flourish also creating new jobs. Hotels and motels would be built. Restaurant and brothels would be built. The newly built hotels, restaurants, and bars would need employees. More people would be employed causing the unemployment rate to go down once more. Las Vegas is a testament of the powerful ability of gambling to foster economic development. Las Vegas has shown impressive job growth, developed into a major city with a low tax burden that many state and local governments look at with envy, and has spawned significant private and public sector investment (Library of California). A Wisconsin study shows major economic impact when the state practiced Indian gaming (a

Where a casino is located is critical to how it affects the economy. A typical local casino does not bring money to the area like Las Vegas or Atlantic City does. This is because most gamblers in these two areas are tourist. Tourists bring money to an economy. In many local casinos the gamblers live in the same city as the casino. When this is the case, gamblers are not bringing money to the economy; they are transferring money that was already in the local economy. In an article written in 2002, the Detroit Free Press stated casinos were responsible for draining

The Texas state legislature has been approached with a proposal to expand casino gambling within the state. In the early 20th century gambling was outlawed in the United States. In 1931 Gambling was legalized in the state of Nevada particularly in Las Vegas. Casinos have been springing up all over the nation since then in cities such as Atlantic City, New Jersey, Biloxi, Mississippi, and Shreveport, Louisiana. Casinos have been known for being a big money industry. They can boost the economy through job production, tourism, and tax revenues. The casino industry is known for bringing in billions of dollars to local economies. Casinos can also bring problems to their cities. They can bring crime and have negative social impacts in the regions

“In 2009, states generated $17.7 billion in net revenue from all lottery games.33 This represented just under 3% of overall state revenues from their own sources” It surprising to think that 17.7 billion dollars is only 3% of a budget. That’s just from lottery games. Gambling is important to the budget of a state because it can provide that added revenue that is needed to insure that they are about to provide enough funding to those departments that we may not think about, Such as the general fund, and transportation fund. Gambling is considered to be a sin tax in most states. I seems that they use these kinds of taxes to help pay for those funds that do not have a direct revenue. Rainy day funds along with the transportation and general funds

I think that a sufficient amount of all the extra revenue in each state should be spent on clinics since gambling addiction is an economic problem that comes directly from legalized gambling. The extra revenue could be the answer to having enough clinics to meet the rising need.

Gambling, or gaming is negatively perceived due to the unfortunate side effects that can develop, such as gambling addictions, impulse spending, and psychological problems from the addiction. From the statistics gathered in the 2013 American Gaming Association, gambling revenue as of 2013 is at 81 billion, 30 billion from native American casinos alone. Directly employing 570,000 people, with job impacts of 1.7 million including 200,000 government jobs. With over 38 billion in taxes paid, those taxes paid on money that’s spent goes back into the community to fund schools, road repairs, and creating jobs. The real problem with legalizing gambling is reforming laws, and if it really benefits economic development. "It's actually larger than the

Regardless, these taxes reduce the amount of money an individual will anticipate. These individuals usually bring in a low monthly income and are subject to government assistance programs. The latter is not always the case. As a whole, both low income and high income people contribute to gambling activities. Not only that, taxes effect both parties nominal income. However, the “high income individual seems to recover quicker”, according to Stewart (Connie Stewart).

     The economic benefit of the gambling industry is enormous. The Gambling industry builds and creates a city’s economy. Native American tribal governments maintain the increase of a gambling commerce because they believe it acts as a resource of jobs and extra income (Expanding Gambling in Arkansas). The gaming industry declares that it supplies to social progress. They argue that besides gambling itself they help welfare recipients find jobs (Expanding Gambling in Arkansas). In such states as Arkansas the gambling industry determines that they will bring in more than fifteen thousand jobs into the state. These jobs include lifeguards, waiters, secretaries, casino workers, and in addition to those, extra law enforcement agents will be employed to keep the peace (Metrobeat). The profits from

It is causing otherwise good citizens to enter crime, in order to pay off gambling debts.