The Income Elasticity of Gross Casino Revenues: Short–Run and Long–Run Estimates
نویسندگان
چکیده
635 National Tax Journal Vol. LXI, No. 4, Part 1 December 2008 Abstract We examine how gross casino gambling revenues differ from other major tax bases in growth and variability. Long–run and short–run income elasticities are estimated using state–level gross casino revenue and state, regional and national income. We run separate time–series regressions for each of 11 states with signifi cant commercial gambling. Gross casino revenue generally grows faster than taxable sales, but slower than taxable income. Gross casino revenue growth also slows as the industry matures. Short–run elasticity is, on average, lower than estimates for sales and income taxes, with an equal or more rapid adjustment to long–run equilibrium.
منابع مشابه
The Income Elasticity of Casino Revenues: Short-Run and Long-Run Estimates
In this paper we examine how casino gambling revenues differ from other major tax revenues in growth and variability. We estimate the long-run and short-run income elasticities using state-level casino revenue and state, regional and national income. Our empirical analysis includes eleven states that have significant casino gambling. To estimate income elasticities, we run separate time-series ...
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