Final Exam

Question 1

How many Americans gamble in a year

Answer 1

63%

Question 2

True or false. Class two gaming is regulated and taxes by the legislature of the forum state (the state in which the Charvel casino is located)

Answer 2

False

Question 3

True or false. The percentage of adults in the United States who are currently pathological gambler is 1%

Answer 3

True

Question 4

True or false. The common-law definition of a lottery includes the element of chance, prize, and consideration

Answer 4

False but answer is true

Question 5

True or false. Since no property text right exists in illegal slot or other gambling machines, there is no Due process right to a hearing before it is confiscated and destroyed

Answer 5

True

Question 6

Patrons disputes in Mississippi are first tried before a jury of the other aggrieved patrons peers

Answer 6

False

Question 7

True or false. A person who maintains himself or herself mostly through gambling is a vagrant

Answer 7

True

Question 8

True or false. Over the last 15 years the commercial gaming industry paradigm of doing business has changed and how less then 15% of the revenue generated the casino company from gaming activities

Answer 8

True

Question 9

True or false. The legislative cycle for a state to adopt commercial game is typically very short less than a year with very little controversy

Answer 9

False

Question 10

True or false. If someone plays the casino long, their expected to lose less

Answer 10

False

Question 11

True or false. Approximately 75% of college students gamble in 2011 whether legal or illegal. with about 1% gamble more or more frequently

Answer 11

True

Question 12

The Department of Justice handed down an opinion in late 2011 stating that the Wire Act applies only to sports wagering, not to the sale of lottery tickets, over the internet, which is widely believed to open the door to federally regulated internet poker - a game of skill exempt from UIGEA - websites operating in the US.

Answer 12

True

Question 13

The state of New Jersey has passed a law that permits sports betting at New Jersey casinos and racetracks

Answer 13

True

Question 14

Loss limits are an effective way for the state to control problem gamblers.

Answer 14

False

Question 15

The UIGEA was passed as stand alone legislation and was thoroughly vetted by members of Congress before being passed into law

Answer 15

False

Question 16

Mississippi is currently one of the top 3 jurisdiction in the US in terms of gross gaming revenue

Answer 16

false

Question 17

The regulations of the MS Gaming Commission prohibit gaming activity by guests who are visibly intoxicated.

Answer 17

True

Question 18

In MS, an intoxicated person who injuries himself/herself does not have a cause of action against the person who served the alcoholic beverages to the intoxicated person.

Answer 18

True

Question 19

US Commercial Casinos are responsible for 350,000 direct jobs and 470,000 indirect jobs

Answer 19

True

Question 20

There is a direct correlation between effective tax rate and jobs created: the states which employ the lowest tax rates have created the most casino jobs.

Answer 20

True

Question 21

Casinos located in limited license commercial gaming jurisdiction pay a lesser tax rate than casinos located in unlimited license jurisdiction.

Answer 21

False