Impact of Gaming Industry on Local Employment and Personal Income (Economics ARTICLES‪)‬

ABSTRACT In the last decade gaming industry has grown steadily in the United State. According to American Gaming Association, its revenue has more than doubled between 1993 and 2003 from $34.7 billion to $72.87. Moreover, the casino gambling industry has spread from its traditional base in Nevada and New Jersey to the Gulf Coast, the Midwestern states and many other locations in the country including building of a large number of Native American casinos. However, community debate still continues whether to treat the gaming industry as any other business or treat it as a negative business necessary only to revitalize a community or to increase the revenue base for a given city and the state. Different state and local authorities provide different arguments in favor or against the industry. But the success of New Jersey approach in the Atlantic City to use casino industry as a revitalization tool for the community remains a very inspiring model.