Casino Toto has become a major industry in America over the last two decades. Before the 1980s, casinos were legal only in Nevada and Atlantic City, but nearly 30 states have legalized them. Many states have approved commercial casino gambling primarily because they see it as a tool for economic growth. The biggest benefits of 사설토토사이트 include the following:
- Increased employment.
- Tax revenue for state and local governments.
- Increased sales for local retailers.
Consideration for the issue
The final report of the National Gambling Influences Investigation Commission attributed the approval to increased pressure on state budgets, concerns about declining revenues from casinos in neighboring states, and a positive public attitude toward casino gambling. The passage of the Indian Gaming Regulation Act of 1988 allowed Indian tribes to operate casinos on reservations. Tribal and corporate casinos now coexist in many states.
The amount you bet at American corporate casinos is not trivial. Over $370 billion was wagered in 2000 alone. That’s about $1,300 per American. Nearly 93% of annual wagers will be returned to players in Toto’s winnings, leaving the casino with $26 billion in adjusted annual revenue.
However, casino revenues vary greatly from state to state. Nevada is the largest market, with casinos generating about $9.5 billion in adjusted gross revenue annually. The Atlantic City casino generated more than $4 billion in annual adjusted gross revenue. In comparison, the Missouri and Illinois Riverboat casinos generated more than $1 billion and $1.8 billion in adjusted gross revenue in 2001. The casino industry and local governments are using economic development to promote casino gambling to citizens. However, it still needs to be determined how much economic development the introduction and development of commercial casinos in specific areas will promote. What benefits are in question?
Casinos increase employment.
Casino proponents 사설토토사이트 often point to the decline in local unemployment rates after the introduction of casinos as evidence that casinos improve local employment. Since the local unemployment rate dropped after the introduction of the casino, the casino probably helped bring down the local unemployment rate. Maybe. We need to simultaneously compare changes in local unemployment rates with statewide changes. Suppose the changes are more or less the same. In that case, the increase in employment in casino areas may result from natural economic cycles (business fluctuations in other sectors) rather than the effects of casino introduction. Suppose that the decline in the unemployment rate after the introduction of casinos is locally greater than that of the state as a whole. In that case, the casino could have lowered the local unemployment rate.
Summary
The key here is to compare changes in regional unemployment rates with changes in statewide unemployment rates. Other factors, such as demographic changes and local business conditions, need to be considered when comparing local unemployment rates before and after casino openings. Looking at regional unemployment rates over time without understanding statewide demographics and business cycles can give a false picture of the employment effects of casinos. We need to simultaneously compare changes in local unemployment rates with statewide changes. If the changes are more or less the same, the increase in employment in casino areas is likely the result of natural business cycles (business fluctuations in other sectors) rather than the effects of casino introductions.
