The Economics of Casino Gambling

Bibliographic Data

ID4030065
AuthorsWilliam R Eadington (Institute for the Study of Gambling and Commercial Gaming, University of Nevada, Reno; Centre for the Study of Gambling and Commercial Gaming, University of Salford, Salford, England., corresponding author)
Year1999
Volume13
Issue3
Pages173-192
Publication date1999-08-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Journal of Economic Perspectives (JOURNAL)
Journal identifiersISSN: 0895-3309 • E-ISSN: 1944-7965
PublisherAmerican Economic Association (PUBLISHER • US)
DOI10.1257/jep.13.3.173
OpenAlexW2012263314
LanguageEN
Citations received38
References cited6

America's casino industry expanded rapidly in the 1990s, spreading from Nevada and Atlantic City to mining towns, riverboats, race tracks and tribal lands, and moving from isolated resort settings to urban and suburban venues. This article examines economic characteristics of the casino industry, including the evolution of major casino markets, pricing of gaming products, market structures, regulatory constraints, and social and economic impacts attributable to casinos. When competitive, casinos show strong economies of scale and scope, but many new jurisdictions limit the number or size of operations, thus creating substantial economic rents. Allocation of these rents are fundamentally politically determined

Business · Economic rent · Economics · Economies of scale · Economy · Geography · Market economy · Politics · Rent-seeking · Financial Literacy, Pension, Retirement Analysis · Gambling Behavior and Treatments · Housing Market and Economics · Marketing

Tools

Open DOISci-Hub