University of Illinois Urbana-Champaign

Legalized Gambling Activities: The Issues Involving Market Saturation

Kindt, John Warren

Content Files
Northern_Illinois_Vol15.pdf

Permalink

https://hdl.handle.net/2142/16295

Description

Title
Legalized Gambling Activities: The Issues Involving Market Saturation
Author(s)
Kindt, John Warren
Issue Date
1995-03
Keyword(s)
  • Gambling
  • Economics
  • United States
Date of Ingest
2010-05-21T21:18:37Z
Abstract
"Nevada attracted many ""tourists,"" including compulsive gamblers (.77-5% of the population), problem economic gamblers (10%), and others (42%). ... Interestingly, over 25% of the state lotteries were reporting declining revenues by early 1993, which would theoretically be expected not only from saturation of the lottery markets, but also from the partial migration of the gambling dollars to the harder forms of gambling. ... In similar economic scenarios involving concentrated legalized gambling activities, enormous quantities of the current tourist dollars and consumer dollars could be pulled away from the pre-existing economy and into the casinos, where those dollars would become part of the new gambling cycle. ... The pre-existing ""softer"" forms of legalized gambling, especially the horse tracks, the off-track betting parlors (OTBs), and the riverboat gambling interests, apparently did not want to compete with the ""harder"" forms of gambling represented by typical forms of land-based casino gambling, because it was understood that gambling dollars would tend to ""migrate"" from the softer to the harder forms of gambling."
Publisher
Northern Illinois University
Type of Resource
text
Genre of Resource
Article
Language
en
Permalink
http://hdl.handle.net/2142/16295
Copyright and License Information
Copyright (c) 1995 Board of Regents, for Northern Illinois University

Owning Collections

Gambling and Gaming Research PRIMARY