This article describes and discusses the components of an economic impact analysis of casino gambling in state and local economies. The article focuses on the positive and negative economic impacts of casino gambling and how large these impacts are likely to be in specific old and new gambling jurisdictions. An emphasis is given to the consequences of market structures used by specific jurisdictions in issuing gambling licenses. The article suggests that monopolistic and oligopolistic market structures are, in general, the major reasons for economic losses for state and local economies when they legalize casino gambling.
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