The Impact of Permitted Gambling on States
For the past four decades, states have turned to legalization of various forms of gambling to generate tax revenues or to stimulate economic or tourism development. Legal gaming industries generated more than $92 billion in gaming revenues in 2007, with about two-thirds of that coming from commercial or tribal casinos. By 2009, lotteries had become nearly ubiquitous in the United States, and casinos are within a few hours drive of virtually every American. Internet gambling, however, is presently prohibited by federal law, and certain forms of gambling, such as sports wagering, are generally prohibited outside Nevada.
About the Author
William R. Eadington is professor of economics and director of the Institute for the Study of Gambling and Commercial Gaming at the University of Nevada, Reno. He is an internationally recognized authority on the legalization and regulation of commercial gambling, and has written extensively on issues relating to the economic and social impacts of gaming since the 1970s.