ECON/HTMT 360, Tourism and the Gambling Industry
College of Charleston
Spring 2020 | Doug Walker

LECTURE OUTLINE & ASSIGNMENTS
** Everything on this page is subject to changeLast updated: 1/16/20. **

Date
Topic
Grinols,
Gambling in America
Walker,
Casinonomics

( ) = optional
 Reading
News Articles and Other Material
Other Stuff, Not Required
1/14
A. Introduction
   - student survey on gambling
   - review syllabus and class policies
   - overview of gambling in the US
 
B. Review of microeconomics
1 Preface, 1, Appendix
- Time wasting promotions
1/16 C. Economics of state lotteries
- Fottrell, "Why the $1.6bn Powerball is everything that's wrong with America" (2016)
- SC Education Lottery
- SC Lottery education funding overview
Lottery and happiness (v)
- Class lottery pool
- Expert advice on the lottery
- 20 Dumbest...Jack Whittaker (9:30) (v)
"Lottery curse" story on Jack Whittaker (v)
- Lottery Changed my Life, Leroy Fick (v)
John Oliver on the lottery (v)
- Out of Luck (v) trailer | film on Amazon Prime
1/21 D. Statistical theory of games
   - perceptions of odds & luck
   - luck games: slots, craps, roulette
   - skill games: blackjack, poker
- Hannum & Cabot (2005), on Roulette, Craps, and Blackjack | (table showing H.A. on craps bets)
- Casino Math full book 
- AGA, The House Advantage
- Volotta (2010), "Blackjack payouts drop, but oh, those dancers!"
Slots: What Every Player Should Know (v)
- Class II machine ("bingo" slot machines)
- Movie clips: The Cooler
- Kucharski: How Science is Taking the Luck out of Gambling (v)
- NC table game "dealers", pic 12


E. Introduction to gambling policy debate
   - sides of the debate
   - inter-industry relationships
2, 3 (18) - Bluestein (1/2017), GA governor wants to be sure casinos won't devastate lottery
- Pushing Luck (v)
The Simpsons, "$pringfield" (v)
- Stossel, Gambling and Liberty (v)
Andy Rooney on Gambling (v)
- Think Tank, "Gambling" (v)
Andy Rooney with Ali G (v)
- Simpsons trivia question, "big time' pic"
- Cummings et al. (2017), Effect of Casino Proximity on Lottery Sales in Maryland
F. Casinos I: economic benefits
   - economic growth (theory)
   - consumer benefits
   - economic growth (evidence)
   - casinos and tax revenues
4, 5, 6 2-6, (7), 8
- AGA, State of the States, 2018 - Boston Globe: Everett/Encore Casino Jobs
Map of Mid-Atlantic casino market
Map of Northeast casino market

G. Disordered gambling
   - diagnostic instruments
   - prevalence studies
   - casinos and crime
   - 12-step programs & treatment
   - responsible gambling (RG)
9, 10, (11), 12
- DSM-V, Pathological gambling
- Lesieur & Blume (1987), South Oaks Gambling Screen (SOGS)
- Brief biosocial gambling screen
- Schaler, Addiction is a ChoiceIntro | Ch 1 | 2
- Walker et al. (2015), "Setting Win Limits"
- Playresponsiblysc.com, warning signs
- Gamblers Anonymous, 12-step program
- Nelson Rose, "Gambler Just Can't Win"
- The Economist, The almost-winning addiction
- CBS 60 MinSlots: The Big Gamble (v) 
- Stossel: Help Me! I Can't Help Myself! (v)
- Theory of rational addiction (v)
Casino check cashing (pic)
- Penn & Teller: Bullshit! (12-step) (v)
Twilight Zone, "The Fever" (v, 1960)
The Onion, "83% of gamblers quit..."
- Addiction (v), Kurzgesagt
- M.Lewis: Neuroscience of Addiction (v)
- Movie: Owning Mahowny (dvd)
H. Casinos II: social/economic costs
   - definition of "social cost"
   - monetary estimates
   - casinos and crime rates
   - "cannibalization"

78 13-16, (17) - Thompson, et al. (1997), "Social and legal costs of compulsive gambling"
- Thompson's "bath tub" model of the economy
- Walker (2013), Social cost lecture PP
- Grinols, Piety and Political Economy
- Kindt, Depo 1 | 2


** FINAL EXAM **
Tuesday, April 28, 9:30-11:00