The Effects of Sports Betting on Cross-Border Substitution in Casino Gambling

IF 0.5 Q4 ECONOMICS

PUBLIC FINANCE REVIEW Pub Date : 2024-04-29 DOI:10.1177/10911421241248506

Ege Can, Mark W. Nichols

引用次数: 0

Abstract

This paper tests for potential cross-border substitution in casino gambling between Illinois and Missouri due to the launch of sports betting in Illinois. Using casino-level gambling revenue and admissions data, difference-in-differences, event study analysis, and regression discontinuity design, our findings suggest that the launch of sports betting increased casino revenues and admissions in the Illinois casinos and decreased revenue and admissions in Missouri casinos close to the border of Illinois and Missouri. Thus, Missouri not only lost potential sports betting tax revenue but also tax revenue from casino gambling revenue and admissions resulting from cross-border substitution between Missouri and Illinois after the launch of sports betting. The size of the lost casino and foregone sports betting tax revenues suggests Missouri and other states in similar circumstances are likely to experience continued fiscal pressure to legalize sports betting despite possible moral objections or an intent to minimize social costs through prohibition.

查看原文本刊更多论文

体育博彩对赌场赌博跨境替代的影响

本文检验了伊利诺伊州和密苏里州之间因伊利诺伊州推出体育博彩而可能出现的赌场博彩跨境替代现象。利用赌场层面的赌博收入和入场人数数据、差分法、事件研究分析和回归不连续设计，我们的研究结果表明，体育博彩的推出增加了伊利诺伊州赌场的收入和入场人数，而密苏里州靠近伊利诺伊州和密苏里州边界的赌场的收入和入场人数则有所减少。因此，密苏里州不仅损失了潜在的体育博彩税收，还损失了体育博彩推出后密苏里州和伊利诺伊州之间因跨境替代而产生的赌场赌博收入和入场人数的税收。赌场税收损失和体育博彩税收损失的规模表明，密苏里州和其他情况类似的州可能会面临持续的财政压力，迫使体育博彩合法化，尽管可能存在道德上的反对意见或通过禁止体育博彩将社会成本降至最低的意图。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

PUBLIC FINANCE REVIEW ECONOMICS-

CiteScore

1.30

自引率

0.00%

发文量

期刊介绍： Public Finance Review is a professional forum devoted to US policy-oriented economic research and theory, which focuses on a variety of allocation, distribution and stabilization functions within the public-sector economy. Economists, policy makers, political scientists, and researchers all rely on Public Finance Review, to bring them the most up-to-date information on the ever changing US public finance system, and to help them put policies and research into action. Public Finance Review not only presents rigorous empirical and theoretical papers on public economic policies, but also examines and critiques their impact and consequences. The journal analyzes the nature and function of evolving US governmental fiscal policies at the national, state and local levels.