Gambling Can be a Powerful Economic Development Tool. Las Vegas is a testament of the powerful ability of gambling to foster economic development. Because of gambling, Las Vegas has shown impressive job growth, developed into a major city with a low tax burden that many state and local governments look at with envy, and has spawned significant private and public sector investment. But can the Las Vegas model be duplicated?
There are other questions:
Are there costs involved that exceed the obvious economic development benefits?
Who actually gains and who loses?
If Las Vegas is a model of economic development through gaming, are there any other costs that need to be looked at? Las Vegas tends to have a wide variety of social ills associated with it.3 There is some controversy of the true level of these given the high tourist population. No studies have examined whether those are associated with gambling, the transient population, the growing population, or the low level of social services provided by the state.
How widespread are the economic benefits? Las Vegas has grown into a large diversified city, but others have not. Atlantic City is a different case.
"But look at Atlantic City. It used to be a slum by the sea, and now, it's a slum by the sea with casinos."4
Gambling Can be a Powerful Economic Development Tool. Las Vegas is a testament of the powerful ability of gambling to foster economic development. Because of gambling, Las Vegas has shown impressive job growth, developed into a major city with a low tax burden that many state and local governments look at with envy, and has spawned significant private and public sector investment. But can the Las Vegas model be duplicated?There are other questions:Are there costs involved that exceed the obvious economic development benefits?Who actually gains and who loses?If Las Vegas is a model of economic development through gaming, are there any other costs that need to be looked at? Las Vegas tends to have a wide variety of social ills associated with it.3 There is some controversy of the true level of these given the high tourist population. No studies have examined whether those are associated with gambling, the transient population, the growing population, or the low level of social services provided by the state.How widespread are the economic benefits? Las Vegas has grown into a large diversified city, but others have not. Atlantic City is a different case."But look at Atlantic City. It used to be a slum by the sea, and now, it's a slum by the sea with casinos."4
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