Washington, DC – October
2023 / NewsmakerAlert: The
American Gaming Association
(AGA) has released a new
study quantifying the expansive annual impact the casino gaming industry
has on the U.S. economy. Conducted by Oxford economics, findings show the
U.S. commercial and tribal gaming industry:
-
Contributes
$328.6 billion to the U.S. economy.
-
Supports
1.8 million jobs and $104 billion of wages and salaries across the country.
-
Generates
$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 $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.
Background
-
45 states
and the District of Columbia currently offer commercial and/or tribal gaming
markets including casino gaming, sports betting and iGaming.
-
AGA’s
Commercial
Gaming Revenue Tracker shows that 2023 industry revenue through July
is pacing 11 percent ahead of 2022’s record revenue year for commercial
gaming.
-
AGA’s
State of Play Map
charts gaming’s economic impact, industry regulations and casino locations
on a state-by-state basis for both the commercial and tribal gaming sectors.
About
the AGA
As
the national trade group representing the U.S. casino industry, the American
Gaming Association (AGA) fosters a policy and business environment
where legal, regulated gaming thrives. The AGA’s diverse membership of
commercial and tribal casino operators, sports betting and iGaming companies,
gaming suppliers, and more lead the $261 billion industry and support 1.8
million jobs across the country. Visit www.AmericanGaming.org
for more information.
Media
Contact:
AGA
Press
518-368-7050
LinkedIn |
