US gambling industry delivers $329bn of annual economic impact
The report explores the industry’s impact on America’s financial fabric. For example, it contributes $328.6bn to the US economy annually.
The sector also supports 1.8 million jobs, which translates to $104bn in wages.
On the fiscal front, the industry contributes some $52.7bn in tax revenue to federal, state and local government budgets.
AGA president and CEO Bill Miller said: “The US 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.”The US gaming arena directly provides employment opportunities to more than 700,000 individuals, according to the joint study.
This figure overshadows the direct employment figures of other domestic sectors, including air transportation, the postal service, and even the motion picture and video industry.
At a more granular level, one in every 33 roles within the leisure and hospitality sector is directly related to casino employment.
According to an adjacent survey conducted by the AGA this month, some 71% of American adults believe the casino sector has a favourable influence on the US economy.
For added context, 45 states, coupled with the District of Columbia, currently facilitate commercial and/or tribal gaming in some form.
This includes traditional casino gaming, sports betting, and the digital world of iGaming.
The full study can be accessed here.