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Report shows 9.5 percent increase in economic output; industry now supports 1.8 million jobs nationwide
The American Gaming Association (AGA) released a new study examining the striking impact the gaming industry has on the U.S. economy – providing stable jobs to nearly two million Americans and generating billions of dollars in tax revenue. This is the first comprehensive report on the gaming industry’s national economic impact since 2014.
Oxford Economics’ 2018 study found that the U.S. gaming industry:
- Contributes $261 billion to the U.S. economy, a 9.5 percent increase since 2014;
- Supports nearly 1.8 million jobs, up from 1.7 million jobs in 2014; and
- Generates $40.8 billion in tax revenues to federal, state and local governments.
“Gaming companies across the country are enabling long-lasting careers for their employees and making a huge impact on their communities through innovative partnerships with local nonprofits, volunteerism and the generation of revenue that supports critical services. The industry’s tax revenue alone provides enough funding to hire 692,000 new teachers,” said Sara Slane, senior vice president of public affairs for the American Gaming Association. “Since our last study in 2014, casino gaming has expanded into new markets, offered innovative new entertainment options and enhanced its position as a key contributor to local, state and federal economies.”
The research was commissioned by AGA and conducted by Oxford Economics. More information about the study can be viewed here.
About AGA:
The American Gaming Association is the premier national trade group representing the $261 billion U.S. casino industry, which supports 1.8 million jobs nationwide. AGA members include commercial and tribal casino operators, gaming suppliers and other entities affiliated with the gaming industry. It is the mission of the AGA to achieve sound policies and regulations consistent with casino gaming’s modern appeal and vast economic contributions.
Source: Latest News on European Gaming Media Network
