The Economic Impact of a Casino

The word Casino can conjure up images of gambling casinos with slots and other games. These are actually just forms of online gambling. In reality, they are more like virtual games you play in a computer. But there is one important difference between these games and the real thing: you can’t gamble at an actual casino. In an online Casino, you can play casino games on your computer. However, if you’re new to the game, you might be confused by the terms.

When planning a casino, it’s important to think about the impact on local employment levels. The casino’s employment will help reduce unemployment rates in the surrounding community, but the work force will likely be from outside the area. So in some cases, the promised increase in employment may be unrealistic. Nevertheless, the casino’s tax revenue will benefit local businesses. In addition, local unemployment may fall in the first year after opening. Therefore, local officials should consider the employment impact on the local economy before deciding to build a casino in their city.

There is also the issue of gambling addiction. Addiction to gambling causes disproportionate damage to the individual, and this translates to disproportionate profits for casinos. It’s estimated that about five percent of casino patrons are addicted to gambling. This group accounts for twenty-five percent of all casino profits. Several economic studies have shown that the casino is not a good investment for a community because it diverts money from other forms of entertainment. The cost of treating problem gamblers and the lost productivity due to their addiction can significantly offset the economic benefits from casinos.