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Gambling on an Alternative Revenue Source: The Impact of Riverboat Gambling on the Charitable Gambling Component of Nonprofit Finances
Abstract
This article examines the impact of casino gambling in and around
Illinois on charitable gambling in that state. The research targets
the impact of casino gambling on one of the vital revenue sources of
many nonprofit organizations. Charitable gambling represents the most
widespread form of legalized gambling in the United States. Net income
from charitable gambling totaled an estimated $1.3 billion in 1997.
Despite its apparent importance in providing an alternative revenue
stream to nonprofit organizations, in a growing number of states
charitable gambling operations must compete with an increasing number
of private for-profit gambling enterprises, including riverboat and
land-based casinos, Indian gambling operations, and pari-mutuel
wagering venues. As a result, there is interest in the extent to which
for-profit gambling is crowding out charitable gambling--and in the
process reducing funds (such as receipts from gambling operations)
available to nonprofit organizations. The data analysis presented in
this article suggests that spending on casino gambling in Illinois and
in bordering areas of Indiana, Iowa, and Missouri may be displacing
consumer expenditures on charitable gambling. (PsycINFO Database
Record (c) 2007 APA, all rights reserved) (Journal abstract) m = 2
Journal
(Fall 2006)
vol17
no1
pages5-24
Categories
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Nonprofit Management
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Financial Planning and Management
