Federal Reserve Study Finds Casinos Do Not Grow Local Economies

A 2006 study by the Federal Reserve Bank of Boston found that patrons who frequent casinos catering to local markets do not bring in any new money to the local economy and are simply substituting gambling for other goods and services. Nationwide the overwhelming majority of casinos cater to locals.

Federal Reserve Bank of Boston Study 2006

CkirbyFederal Reserve Study Finds Casinos Do Not Grow Local Economies