Good point. In business there’s a concept of when introducing some new good or service or opening a new location brings in new sales that would not have happened otherwise, in which case we would say the business benefits from it, versus when it cannibalizes existing sales, in which case it does not add value for the business.
I agree with you, it seems unreasonable to assume gambling revenues cannibalize spending on other goods and services at a rate of 100%. Hardly anything is ever 100%.
Good point. In business there’s a concept of when introducing some new good or service or opening a new location brings in new sales that would not have happened otherwise, in which case we would say the business benefits from it, versus when it cannibalizes existing sales, in which case it does not add value for the business.
I agree with you, it seems unreasonable to assume gambling revenues cannibalize spending on other goods and services at a rate of 100%. Hardly anything is ever 100%.