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Expanding Slot Gaming in California: A Business Analysis

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Publication Date: October 2004

Publisher(s): Reason Foundation

Author(s): Jeffrey C. Hooke; Thomas A. Firey

Topic: Business (Business and government)

Type: Report

Coverage: California

Abstract:

California's severe financial situation has prompted state leaders to consider expanding casino-style slot machine gaming. Governor Schwarzenegger and his administration, in particular, are counting on slots revenue to help plug the state's massive budgetary hole. Several options available have fueled controversy within the state regarding revenue and other concerns. To aid leaders in comparing the options, this report examines several possible market designs that California could adopt to expand casino-style slot machine gaming and enhance state revenue. Specifically, this report projects what revenue California would receive under each market design, and what other advantages and drawbacks are implicit in the designs.