CLEVELAND, Ohio -- Casinos are good for the economy and provides good jobs and boosts local communities, says the American Gaming Association. Do casinos help the economy? Casino proponents argue that casinos will create tax revenues, jobs, and can push average wages higher. There is also published evidence that casinos have a positive impact on state-level economic growth, though that evidence has not been consistent over time. A Good Way to Wreck a Local Economy: Build Casinos No one should look to the gambling industry to revive cities, “because that’s not what casinos do.” David Frum Casinos help boost local retail sales. The issue of whether casinos help or hurt local retail sales, and thus retail sales tax collections, has received the most attention in the academic literature. Essentially, the degree to which casinos attract visitors from outside the local area relative to local customers determines the casino's impact on local retail sales. We’ve examined three claims by anti-gambling critics: that casinos hurt its patrons, that the economy in the area is hurt, and that crime increases. The evidence on these issues, however, tells In a specific example involving casinos, a 1995 Wisconsin report concluded that "[w]ithout considering the social costs of compulsive gambling, the 'rest-of-the-state' areas lose- or, transfer in Casinos are also labor-intensive businesses that employ hundreds of thousands of people, who support their families, pay taxes, and buy goods and services — factors that contribute to the economic health of their communities. The economic effects of casinos on local and state governments are also significant. According to the American Gambling Association (AGA), most American voters believe casinos help strengthen their communities and improve local economies. But does casino development necessarily lead to economic growth? A large number of studies on this subject in the past three decades have reached mixed results. Casinos do not revive local economies. They act as parasites upon them. Communities located within 10 miles of a casino exhibit double the rate of problem gambling. Get an answer for 'what are the pro and con of casinos today? how does the casinos help a city out and how do casinos hurt the city' and find homework help for other Social Sciences questions at
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