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Other People's Money : Gambling and Bankruptcy

Duns, John - 2009

There has been a renewed focus on gambling and its social consequences. One potential consequence facing gamblers is … bankruptcy. This article considers how gambling and gambling debts are treated in bankruptcy. It includes an examination of the … extent to which gambling is a cause of bankruptcy; whether gambling debts should be treated differently from other debts; the …

Persistent link: https://www.econbiz.de/10012764714

The Sham of Integrity Fees in Sports Betting

Holden, John T. - 2020

sports gambling for the first time in more than 25 years. The advent of legalized gambling has sports leagues clamoring for … compensation from states that authorize wagers on the particular leagues' games. Legal sports gambling promises to be one of the … largest growth industries in the United States for years to come. Americans spent upwards of $150 billion gambling illegally …

Persistent link: https://www.econbiz.de/10012849743

Casinos, Crime and Community Costs

Grinols, Earl L.; Mustard, David B.; Dilley, Cynthia Hunt - 2015

Casino gaming - providing negative expected return with positive variance - has puzzled economists with respect to a number of issues, including the extent to which casinos are tied to externalities. In the case of tobacco, the link between use and health-related externalities has led to state...

Persistent link: https://www.econbiz.de/10014152929

The impact of state lotteries and casinos on state bankruptcy filings

Grote, Kent R.; Matheson, Victor A. - 2013

Persistent link: https://www.econbiz.de/10010436867

Does Inequality Cause Financial Distress? Evidence from Lottery Winners and Neighboring Bankruptcies

Agarwal, Sumit - 2017

Revised Oct 2016. We test the hypothesis that income inequality causes financial distress. To identify the effect of income inequality, we examine lottery prizes of random dollar magnitudes in the context of very small neighborhoods (13 households on average). We find that a C$1,000 increase in...

Persistent link: https://www.econbiz.de/10012970043

Sophisticated Gambler's Ruin and Survival Chances

Mehta, Salil - 2014

This note explores the mathematical theory to solve modern gambler's ruin problems. We establish a ruin framework and solve for the probability of bankruptcy. We also show how this relates to the expected time to bankruptcy and review the risk neutral probabilities associated an adjustment to...

Persistent link: https://www.econbiz.de/10013053974

The Foster-Hart measure of riskiness for general gambles : conference paper

Riedel, Frank; Hellmann, Tobias - 2013

Foster and Hart proposed an operational measure of riskiness for discrete random variables. We show that their defining equation has no solution for many common continuous distributions. We show how to extend consistently the definition of riskiness to continuous random variables. For many...

Persistent link: https://www.econbiz.de/10010342818

Do casinos export bankruptcy?

Garrett, Thomas Andrew (contributor); … - 2005

Persistent link: https://www.econbiz.de/10003172774

Do slot machines cause bankruptcy? : a regulatory natural experiment with exogenous changes to slot locations

Mikhed, Vyacheslav; Scholnick, Barry; Byun, Hyungsuk - 2016

neighboring bankruptcies. These effects are dependent on the dollar amount of gambling removed from each location, as well as the …

Persistent link: https://www.econbiz.de/10011881003

Peers' income and financial distress : evidence from lottery winners and neighboring bankruptcies

Agarwal, Sumit; Mikhed, Vyacheslav; Scholnick, Barry - 2018

Persistent link: https://www.econbiz.de/10011971064