Document Type

Capstone Project

Publication Date

5-21-2026

Publication Title

UNLV Undergraduate Economics Working Paper Series

Publisher

University of Nevada, Las Vegas

Publisher Location

Las Vegas (Nev.)

Volume

3

Issue

2

First page number:

1

Last page number:

11

Abstract

This study examines whether expanding gambling substitutes disrupt the Las Vegas gambling industry using quarterly data from 2014 through 2025. Las Vegas casino revenue is used as the benchmark to gauge the health of Las Vegas, adjusted to Quarter 1 2014 dollars and using an OLS regression model. The results imply that online sports betting is a poor substitute for Las Vegas revenue, while online gambling shows a positive and statistically significant relationship with revenue. The findings indicate that Las Vegas is resilient despite the introduction of more competition and gambling alternatives within an industry it has traditionally known to dominate.

Keywords

Las Vegas; gambling substitutes; online gambling; online sports betting; casino revenue

Disciplines

Decision Science | Finance and Financial Management | Gaming and Casino Operations Management | Management Sciences and Quantitative Methods

File Format

PDF

File Size

419 KB

Language

English

Rights

IN COPYRIGHT. For more information about this rights statement, please visit http://rightsstatements.org/vocab/InC/1.0/

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