The American Gaming Association (AGA) published a new study that shows the positive impact of the gaming industry on the U.S. economy.
Conducted by Oxford economics, findings show the U.S. commercial and tribal gaming industry:
* Contributes US$328.6 billion to the U.S. economy.
* Supports 1.8 million jobs and US$104 billion of wages and salaries across the country.
* Generates US$52.7 billion in tax revenue to federal, state and local governments.
“The U.S. gaming industry delivers long-term growth and impact to communities, generating significant tax revenue, creating strong jobs, supporting local small businesses, and funding critical community priorities,” said AGA President and CEO Bill Miller during State of the Industry remarks at G2E 2023.
According to the report, America’s gaming industry directly employs more than 700,000 people in the U.S. Put in context with the broader U.S. economy:
* Gaming provides more direct jobs than the air transportation, postal service or motion picture and video sectors.
* Direct casino employment accounts for 1 in 33 leisure and hospitality jobs.
The US$53 billion in taxes generated by the gaming industry provides critical funding for local public programs and services, including education, infrastructure and economic development, as well as supplemental revenue for state general funds.
Recent, related AGA research shows the economic benefits generated by gaming are widely recognized by Americans, with a record 71 percent of adults saying the casino gaming industry has a positive impact on the U.S. economy.
Source: GMB
