Wonder how legalization of sports gambling would affect Vegas economy.
As the betting 'action' gets distributed throughout the country, Vegas is going to obviously get less of it. While the overall amount bet on sports would jump significantly, there would be no reason for individuals or bookies to go to Vegas to bet or lay off sports bets.
I'm pretty sure it would impact the Vegas economy negatively, but I don't know to what extent. I would think that casinos make most of their money on slots and table games and that sports book is a relatively small piece of the profit pie, so I don't think it would crash the Vegas economy, but there would be a neglible to noticeable drag upon it. People who'd fly out to Vegas to place substanial bets wouldn't be renting hotel rooms and spending money in restaurants, etc. anymore in addition to not placing their bets in Sin City. I'd guess that those sports betters who wouldn't be coming to Vegas anymore (or as regularly) also played some table games and slots as well, so there would be some effect on that part of the Vegas equation as well.