Winning, losing, and breaking even : new casinos' effects on economic development impacts of existing casinos
Name
670429976-MIT.pdf
Description
Full printable version
Size
5.75 MB
Format
Adobe PDF
Checksum (MD5)
48e4822425ff57946127bc3a20c43e01
Author(s)
Hunter, Gerald Paul
Advisor(s)
Paul Osterman.
Alternative Title
New casinos' effects on economic development impacts of existing casinos
Date Issued
2010
Publisher
Massachusetts Institute of Technology
Abstract
The number of casinos has grown substantially since 1990 as states and localities try to find new tax revenue and jobs. After some initial successes across the United States and Canada, the strategy has become even more popular. With a business so dependent on tourists, how has the spread of casino gambling affected the returns communities get from hosting casinos? Broadly speaking when neighboring areas pursue the same economic development strategy, is any economic development actually occurring or are benefits just being transferred from one to the other? This analysis addresses that question and provides some preliminary evidence. Casinos have positively impacted economic conditions at the county level, though the benefits are strongest in the early stages of the casino's existence. Competition with other casinos has had negative effects on the tax revenue individual casinos pay to states. More importantly, casino competition has negatively affected economic development impacts of existing casinos, though in most cases the net benefits are still positive.
Description
Thesis (M.C.P.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2010.
"June 2010." Cataloged from PDF version of thesis.
Includes bibliographical references (p. 58-61).
Subjects
Urban Studies and Planning.
MIT Department
Massachusetts Institute of Technology. Department of Urban Studies and Planning
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