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Casino gaming and local employment trends

Author

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  • Thomas A. Garrett

Abstract

Casino gambling has become a major industry in the United States. Economic development, especially through increases in employment, is the primary justification for casino development in a local area. This article estimates the employment effects of casino gambling for six counties in the Midwest and southern United States using ARIMA forecasting models. The results suggest that rural counties that adopt casino gambling as a major industry experience significant gains in payroll and household employment. The effects are less pronounced in urban counties, partly due to the higher volatility of their employment data relative to those of rural counties.

Suggested Citation

  • Thomas A. Garrett, 2004. "Casino gaming and local employment trends," Review, Federal Reserve Bank of St. Louis, vol. 86(Jan), pages 9-22.
    • Handle: RePEc:fip:fedlrv:y:2004:i:jan:p:9-22:n:v.86no.1
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    File URL: https://files.stlouisfed.org/files/htdocs/publications/review/04/01/garrett.pdf
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    Citations

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    Cited by:

    1. Scavette, Adam, 2023. "The economic impact of a casino monopoly: Evidence from Atlantic City," Regional Science and Urban Economics, Elsevier, vol. 103(C).
    2. Juin-Jen Chang & Ching-Chong Lai & Ping Wang, 2004. "On the Public Economics of Casino Gambling," IEAS Working Paper : academic research 04-A005, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    3. Monchuk, Daniel C., 2007. "People Rush in, Empty Their Pockets, and Scuttle Out: Economic Impacts of Gambling on the Waterways," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 37(3), pages 1-10.
    4. John L. Scott & Paul S. Nelson, 2007. "Voting with a Hand on the Bible and Not on the Wallet: The 1996 Video Poker Referendum in Louisiana," American Journal of Economics and Sociology, Wiley Blackwell, vol. 66(3), pages 571-591, July.
    5. Humphreys, Brad R. & Marchand, Joseph, 2013. "New casinos and local labor markets: Evidence from Canada," Labour Economics, Elsevier, vol. 24(C), pages 151-160.
    6. Wu, Shou-Tsung & Chen, Yeong-Shyang, 2015. "The social, economic, and environmental impacts of casino gambling on the residents of Macau and Singapore," Tourism Management, Elsevier, vol. 48(C), pages 285-298.

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