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- Publisher
- Emerald Publishing
- Copyright
- Copyright © Emerald Group Publishing Limited
- ISSN
- 1096-3367
- DOI
- 10.1108/JPBAFM-21-02-2009-B002
- Publisher site
- See Article on Publisher Site
Abstract
In the past two decades, corporate casino gambling has expanded from being legal in only two U.S. states (Nevada and New Jersey) in the late 1980s to 12 states in 2007. As a result, the annual gambling revenue realized by the casino industry has grown from $9 billion in 1991 to more than $34 billion in 2007. The growth of gambling revenue as a source of additional state tax revenue, however, has not been matched by a corresponding increase of academic research on casino gambling. The research addresses the question of whether states are maximizing collected corporate casino tax revenue and finds that states fall into one of four clusters: undertaxing; overtaxing; undertaxing but close to the revenuemaximization tax level; and overtaxing but close to the revenue-maximization tax level.
Journal
Journal of Public Budgeting, Accounting & Financial Management – Emerald Publishing
Published: Mar 1, 2009