Economic Development and the Rise of Casino Gaming

Economic Development and the Rise of Casino Gaming -...

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Unformatted text preview: Economic Development and the Rise of Casino Gaming 1. Gaming as economic opportunity 2. Cost-Benefit analysis 3. The (intertwined?) futures of gaming and native sovereignty The Recency of Americas addiction to gambling is striking! Gambling was illegal everywhere but NV and NJ in 1988 By 2004, 47 states allowed one or more forms of legal gaming (not HI, TN, or UT) Statistics on Indian Gaming (around 2008) 225 tribes in 28 states operate 423 casinos o Over 100 high-stakes casinos $26 billion new revenues a year Represent over 25% of total US gaming industry 670,000 employees; however, 75% non-Native Approximately 66% of all revenues generated by approximately 15% of casino operating tribes States with 3% of national Native American population (CA,CT,FL) take in over 40% of all revenues Reservation Economies Average 45% unemployment rate Highest high school dropout rate Worst access to health care 66% of Native Americans with jobs in 1997 earned less than $7000 a year Paralyzing effect of trust status of reservations lands for economic development: no collateral for loans...
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Economic Development and the Rise of Casino Gaming -...

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