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Best indian casinos in new england12/11/2023 “Casinos are an attractive nuisance, nuisances on home values,” Jed Smith, of the National Association of Realtors, said when citing the “Economic Impact of Casinos on Home Prices Literature Survey and Issue Analyst.” “The impacts are negative – the positive benefits are minimal but the negative impacts are substantial.” So while some cities’ residents welcome casinos for the promises of jobs and revenue, others hope they never come because of what they can bring. That’s because they attract gamblers and partiers flocking to their resorts, leaving some cities facing issues like bankruptcies, crime, traffic and congestion, which can play a heavy role on home values. Gambling may give some the option of hitting it big, but for the neighbors – it’s not always a jackpot situation.Ĭasinos can, and often do, have a negative impact on home prices of neighborhoods around them.
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