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- Title
The Income Elasticity of Gross Sports Betting Revenues in Nevada: Short-Run and Long-Run Estimates.
- Authors
Can, Ege; Nichols, Mark W.
- Abstract
In May 2018, the Supreme Court overturned the Professional and Amateur Sports Protection Act, thereby allowing all states to offer sports betting. Prior to this, Nevada was the only state with unrestricted sports betting. Using sports betting data from Nevada, we estimate long-run and short-run income elasticities to determine the growth and volatility of sports betting as a tax base. Sports gambling grows at a similar rate as state income and is stable and insensitive to short-run shocks to income. However, the amount of money kept by casinos, and hence the state, is small compared to other traditional tax bases.
- Subjects
NEVADA; SPORTS betting; GROSS income; GAMBLING laws; TAX base; AMATEUR sports; PROFESSIONAL sports; FINANCE
- Publication
Journal of Sports Economics, 2022, Vol 23, Issue 2, p175
- ISSN
1527-0025
- Publication type
Article
- DOI
10.1177/15270025211036968