ECON/HTMT
360, The U.S. Casino Industry
College of Charleston
Maymester 2017 | Doug Walker
LECTURE OUTLINE & ASSIGNMENTS
** Everything on this page is
subject to change. Last updated: 5/24/17.
**
|
Exp. Date
|
Topic
|
Grinols,
Gambling in America |
Walker, Casinonomics |
Reading
|
News
Articles and Other Material
|
|
| 5/15 | 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 | -
American Gaming Association, State of the States, 2016 |
- AGA's Facts at Your Fingertips | |
| 5/16 | C. Economics of state lotteries | - Fottrell,
"Why the $1.6bn Powerball is everything that's wrong
with America" (2016) - Cohen, "State Lotteries and the New American Dream" (2016) |
- SC
Education
Lottery - Time wasting promotions - Video: Lottery and happiness |
- Class lottery pool - Video: "Lottery curse" story on Jack Whitaker - Video: Lottery Changed my Life, Leroy Fick - John Oliver on the lottery |
||
| 5/16-17 | D.
Statistical theory of
games - perceptions of odds & luck - luck games: slots, craps, roulette - skill games: blackjack, poker |
- Hannum
& Cabot (2005), on Roulette,
Craps,
and Blackjack (table
showing H.A.
on all craps bets) - AGA, The House Advantage |
-
Volotta (2010), "Blackjack
payouts drop, but oh, those dancers!" - Video: Slot Machines: What Every Player Needs to Know |
-
Movie clip: The Cooler ** Hannum & Cabot (2005), Casino Math ** |
||
| 5/18 |
E.
Introduction to gambling policy debate - sides of the debate - inter-industry relationships |
2, 3 | (18) | - Cummings et al. (2017), Effect
of Casino Proximity on Lottery Sales in Maryland - Bluestein (1/2017), GA governor wants to be sure casinos won't devastate lottery |
-
Video: The
Simpsons,
"$pringfield" - Video: Stossel, Gambling (stream) - Video: Andy Rooney on Gambling |
- NC table
game "dealers", pic
1
| 2 - Video: Andy Rooney with Ali G |
| 5/19,22 | F.
Casinos I:
economic benefits - economic growth (theory) - consumer benefits - economic growth (evidence) - casinos and tax revenues |
4-6 | 2-6, (7), 8 |
-
American Gaming Association, State of the States, 2016 |
Map
of Mid-Atlantic casino market Map of Northeast casino market |
|
5/22,23 5/25 |
Guest speakers Will Cummings Brent Evans |
Cummings: Casino
Licensing (Lisbon); Gravity
Models (Vegas) Casinos Come to Racing (GGB); Racing Must Adapt (2006); Oklahoma Racing Industry (2013) Evans: Online gambling; poker, DFS; sports betting |
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| 5/22-24 |
G.
Disordered
gambling - diagnostic instruments - prevalence studies - economic studies - casinos and crime - 12-step programs & treatment - responsible gambling |
9, 10,
(11), 12 |
- DSM-V, Pathological
gambling; DSM-IV - Lesieur & Blume (1987), "South Oaks Gambling Screen (SOGS)" - Schaler, Addiction is a Choice, Intro; ch 1,2 - Walker et al. (2015), "Setting Win Limits" |
-
Playresponsiblysc.com, warning
signs - Gamblers Anonymous, 12-step program - Nelson Rose, "Compuslive Gambler Just Can't Win" - The Economist, The almost-winning addiction - CBS 60 Minutes: Slot Machines: The Big Gamble (youtube) - CBS 60 Minutes, Overtime: Playing the Odds (no longer available) - Stossel video: Help Me! I Can't Help Myself! (dvd) - Movie: Owning Mahowny (dvd) |
- Casino
check cashing (pic) - Video: Penn & Teller: Bullshit! (12-step programs) *potentially offensive* - Video: Twilight Zone, "The Fever" (1960) - The Onion, "83% of gamblers quit..." - Theory of rational addiction (youtube) - Addiction (youtube, Kurzgesagt) |
|
| 5/25-26,30 | H.
Casinos II: social/economic
costs - definition of "social cost" - monetary estimates - casinos and crime rates - "cannibalization" |
7-8 | 13-16, (17) | -
Thompson, et al. (1997), "Social
and legal
costs of compulsive gambling" |
-
Thompson's "bath
tub" model of the economy - Social cost lecture PP |
Grinols, Piety - Kindt, Depo 1 | 2 |
|
**
FINAL EXAM **
Wednesday, May 31, 9:30-11:00 am |
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