Has Riverboat Gambling Reduced State Lottery Revenue?

Autor:	John C. Navin, Donald S. Elliott
Rok vydání:	2002
Předmět:	Economics and Econometrics 050208 finance Public Administration media_common.quotation_subject 05 social sciences Monetary economics Lottery Commerce State (polity) 0502 economics and business Economics Revenue 050207 economics License Finance Cannibalization media_common
Zdroj:	Public Finance Review. 30:235-247
ISSN:	1552-7530 1091-1421
DOI:	10.1177/109114210203000304
Popis:	Over the past decade, most states have introduced lotteries, and many now license casinos. To what extent does the presence of licensed casinos cannibalize revenues from state-sponsored lotteries? To what extent does pari-mutuel betting cannibalize revenues from state-sponsored lotteries? Based on pooled cross-section data for the period from 1989 to 1995, this research reveals significant cannibalization of lottery revenues by both casinos and pari-mutuel betting. Nevertheless, states, in general, gain by having both lotteries and casinos. In the case of pari-mutuel betting, however, the substitution is so severe that, at existing effective tax rates, lost lottery revenues outweigh states’ receipts from pari-mutuel betting.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::f4e137e379f028c9fa4e548ce15a9359 https://doi.org/10.1177/109114210203000304 Zobrazit plný text záznamu