US states that are turning to the casino industry for increased tax revenues may be misguided. States considering expanded gambling measures should take note that it is those states with the lowest and most predictable rates that have succeeded in attracting the majority of casino investment, jobs and revenue, a panel of experts recently concluded.Three-quarters of all casino employment in the US derives from just three states, Nevada, New Jersey, and Mississippi, and these states continue to attract tens of billions in capital investment for new gambling venues. A panel of industry experts at the recent G2E convention in Las Vegas noted that these states have one thing in common - all three boast relatively low and stable tax rates.
To continue reading please log in or request a demo to speak to a member of the team.
Request a Trial
Click here to request a trial