Determining the revenue-maximization tax rate for states with legalized corporate casino gambling
Bibliographic Data
| ID | 20201347 |
|---|---|
| Authors | Chimezie Ozurumba (Fairleigh Dickinson University), Younhee Kim (0000-0001-7393-7767, East Carolina University) |
| Year | 2009 |
| Volume | 21 |
| Issue | 2 |
| Pages | 198-222 |
| Publication date | 2009-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Public Budgeting Accounting & Financial Management (JOURNAL) |
| Journal identifiers | ISSN: 1096-3367 • E-ISSN: 1945-1814 |
| Publisher | Emerald (PUBLISHER) |
| DOI | 10.1108/jpbafm-21-02-2009-b002 |
| OpenAlex | W2773845995 |
| Language | EN |
| References cited | 11 |
In the past two decades, corporate casino gambling has expanded from being legal in only two U.S. states (Nevada and New Jersey) in the late 1980s to 12 states in 2007. As a result, the annual gambling revenue realized by the casino industry has grown from $9 billion in 1991 to more than $34 billion in 2007. The growth of gambling revenue as a source of additional state tax revenue, however, has not been matched by a corresponding increase of academic research on casino gambling. The research addresses the question of whether states are maximizing collected corporate casino tax revenue and finds that states fall into one of four clusters: undertaxing; overtaxing; undertaxing but close to the revenuemaximization tax level; and overtaxing but close to the revenue-maximization tax level
Ad valorem tax · Business · Corporate Tax · Economics · Monetary economics · Public economics · Revenue · Tax avoidance · Tax reform · Tax revenue · Value-added tax · demographic modeling and climate adaptation · Financial Literacy, Pension, Retirement Analysis · Gambling Behavior and Treatments · Accounting
| Citation velocity | historical |
|---|---|
| Highly cited | No |