The Economic Impact of Gambling


Gambling can be addictive. People addicted to gambling can cause serious damage. Gambling institutions make enormous profits from these individuals. Statistics show that about five percent of patrons at casinos are addicted. Casinos generate an estimated 25 percent of their revenue from these people. Casinos also affect local communities negatively. Most players come from the local area, so the casinos divert their spending away from other local entertainment options. These negative effects can offset the positive economic impacts of the casinos.

Casinos generate substantial tax revenue. In Nevada, casino taxes are up to 8 percent of gross gaming revenues. These revenues are also used to support programs that benefit the elderly and disabled. In addition, casinos must invest 1.25 percent of their gaming revenues into approved projects. These projects are funded by the Casino Reinvestment Development Authority. In total, more than $1.8 billion in projects have been funded through the Casino Reinvestment Development Authority.

Security at a casino starts with the employees who monitor the games and patrons. Dealers keep watch on table games and look for any signs of cheating or irregular betting patterns. Pit bosses and table managers also keep an eye on the casino floor. There is usually a higher-up person who oversees each employee and ensures the casino is safe.

Casino gaming has become increasingly popular. As a result, casino game providers and developers are evolving at a rapid pace. As digitization continues to expand the market, more variations of popular casino games are being rolled out, capturing the interest of a broader demographic.