Conducted by Oxford Economics, the study released by the American Gaming Association shows that the US commercial and tribal gaming industry supports 1.8 million jobs and $104 billion in wages.
According to AGA, the economic impact is enormous on the country.
The American Gaming Association (AGA) today released a new study that quantifies the broad annual impact the casino gaming industry has on the U.S. economy.
Conducted by Oxford Economics, findings show that the US commercial and tribal gaming industry:
It contributes $328.6 billion to the US economy.
Supports 1.8 million jobs and $104 billion in wages and salaries nationwide. It generates $52.7 billion in tax revenue for federal, state and local governments.
“The U.S. gaming industry provides long-term growth and impact for communities by generating significant tax revenue, creating solid jobs, supporting local small businesses and funding critical community priorities,” said AGA President and CEO Bill Miller during comments on the state of the industry at G2E 2023.
According to the report, the US gaming industry directly employs more than 700,000 people in the US.
Gaming industry placed in the context of the broader US economy
Gaming provides more direct jobs than the airline, postal, or film and video sectors.
Direct casino employment accounts for 1 in every 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 the state’s general funds.
A recent, related AGA survey shows that the economic benefits generated by gaming are widely recognized by Americans, with a record 71% of adults saying the casino gaming industry has a positive impact on the U.S. economy.
The AGA leads a rigorous and inclusive process to define our industry’s positions on all significant issues.
Supports policies that promote industry reinvestment and innovation. Prioritize issues that provide your sector and its members with greater leverage and greater commercial value.