Benefits of Casinos to the Local Economy


A casino is a place where people can gamble on games of chance. It also features live entertainment and restaurants. Many cities have a casino. Having one in a city benefits the local economy. It creates jobs and increases spending in the area. It is also a source of tax revenue. Some local governments use this money to improve their schools and other services.

Despite the seedy backroom gambling parlor stereotype, casinos are well-organized, professional operations. They hire security guards to patrol their parking lots and keep police close by. In addition, casinos provide free drinks for their patrons and offer reduced-fare transportation to nearby hotels.

In the twentieth century, casinos have become increasingly choosy about whom they allow to play on their premises. They often reserve gaming rooms for high rollers, whose bets (i.e., the amounts they spend) can run into the tens of thousands of dollars. These high rollers are treated to extravagant inducements, such as free spectacular entertainment, luxury suites, and limousine service.

Casino proponents sometimes point to a reduction in the local unemployment rate after the opening of a new casino as proof that casinos are beneficial to the community. However, it is important to control for other economic factors. It is also important to know whether the work force employed by a casino comes from the local population. If most of the workers are from outside the area, it is not likely that a casino will help the local unemployment rate.