The Impact of Stagnating Casino Revenues on State and Local Governments Tax Receipts

21 Pages Posted: 9 Mar 2017

See all articles by Arun K. Srinivasan

Arun K. Srinivasan

Indiana University Southeast - School of Business

Thomas E. Lambert

University of Louisville

Date Written: Spring 2017

Abstract

After the Great Recession, the popular press has noted a rebound in casino revenues in some states and localities, and some expect growth like before. However, there were trends indicating stagnating revenues before the recession, and casinos were shown not to be “recession‐proof” as revenues declined. Revenues have stagnated partially due to a saturation point being reached with regard to casino gaming. The growth rate of revenues and tax proceeds may follow a product life cycle curve. Introducing more venues may give a temporary boost to tax receipts, but trends indicate that large gains are over unless casinos re‐invent themselves.

Suggested Citation

Srinivasan, Arun K. and Lambert, Thomas E., The Impact of Stagnating Casino Revenues on State and Local Governments Tax Receipts (Spring 2017). Public Budgeting & Finance, Vol. 37, Issue 1, pp. 26-46, 2017, Available at SSRN: https://ssrn.com/abstract=2929400 or http://dx.doi.org/10.1111/pbaf.12123

Arun K. Srinivasan (Contact Author)

Indiana University Southeast - School of Business ( email )

4201 Grant Line Road
New Albany, IN 47150
United States
812-941-2067 (Phone)

HOME PAGE: http://homepages.ius.edu/asriniva

Thomas E. Lambert

University of Louisville ( email )

Economics Dept.
Louisville, KY 40292

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