Abstract
Very few econometric studies are available which examine the (alleged) relationship between legalized casino gambling and crime rates. Using data from five states with recently legalized casino gambling, and the FBI's Uniform Crime Reports, I develop a fairly simple model to predict the effect of casino gambling on total crime. The results are statistically insignificant. My analysis contains 99 observations. The regression actually shows a negative coefficient for the casino variable, implying that casinos reduce the overall level of crime. Hopefully, more observations will improve the statistical significance or not. Either way, I can't lose. The statistical insignificance is in itself a significant finding. There is probably no relationship whatsoever between legal casino gambling and total crime rates.
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