The Economic Impact of Casinos
If you’re an avid gambler, you know that casinos are filled with games, money, and fun. While these casinos have elaborate themes and exciting entertainment, the majority of their entertainment comes from games of chance. Blackjack, roulette, and slot machines earn billions of dollars for U.S. casinos each year. But, there is a dark side to the casino experience, as well. Baccarat is one game that has a dark side, but is still popular.
Proponents of casinos point to the local unemployment rate as proof of the economic benefits of a new casino. This may be true, but it should be compared to the statewide unemployment rate. In addition, employment growth in the area could simply be the product of natural business cycles, or it may be related to other economic changes in other sectors. However, there are many factors to consider when weighing the impact of a new casino on a local economy.
The security measures of a casino are designed to protect the establishment from crime. Unlike online gambling and lotteries, casinos have physical security forces that patrol the casino and respond to calls for help. A specialized surveillance department operates a closed-circuit television system in the casino, or “eyes in the sky.” While both departments work hand in hand, they are separate entities that do different things. Overall, these departments have been quite effective at preventing crime.