10.07.2015 Views

Gambling Impact Study — Part 1A - Online Sunshine

Gambling Impact Study — Part 1A - Online Sunshine

Gambling Impact Study — Part 1A - Online Sunshine

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Figure 43: State receipts from largest Native American casino states$ millions FY 2008 FY 2009 FY 2010Arizona 111.2 97.5 89.0California 244.7 408.8 411.0Connecticut 411.4 377.8 359.3Florida n/a n/a 287.5Michigan 53.9 55.7 38.8New Mexico 65.5 63.7 62.7New York 148.0 70.4 129.6Oklahoma 71.6 92.8 14.2Wisconsin 45.1 121.8 52.2Subtotal 1,151.3 1,288.7 1,444.2Source: The Nelson A. Rockefeller Institute of GovernmentNow we look at the US trend in state receipts from gambling, by sector, from FY 1998through 2010. Note in the following chart that receipts declined after the Great Recession beganin 2007. The gambling industry had until that time proven to be resistant to economic downturns,but the two largest sectors – casinos and lotteries – experienced revenue declines coinciding withthe recession. The racino industry was still very much undergoing widespread expansion and thusremained in a growth mode. Regarding racino revenue, it is important to note that The RockefellerInstitute groups VLT revenue from racetracks with lottery revenues, impacting the classificationof racino receipts from Delaware, New York, Rhode Island and West Virginia (and, going forward,Ohio). The pari-mutuel industry continued its long, steady decline, with state revenues plungingfrom $554 million in 1993 to $150 million in 2010.Florida Gaming <strong>Study</strong>, <strong>Part</strong> 1-A 163

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!