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The Effect Of Casino Tax Policy On Short-Run Gaming Development, Kahlil Philander
The Effect Of Casino Tax Policy On Short-Run Gaming Development, Kahlil Philander
UNLV Theses, Dissertations, Professional Papers, and Capstones
This study examines the effect of casino tax rate structure on investment by casino operators. Using a panel data set consisting of all states with legal commercial casino gambling from 1998 to 2009, a fixed-effect model with two-stage least squares is estimated to examine the effect of gambling taxes on firms' short-run behavior. The study finds that maximum casino tax rates decrease casino employment, with an estimated average elasticity of -0.5. This result is noted to be robust to several different model specifications and data subsets. No robust relationship is found between maximum tax rates and casino wages. No significant …