US casino gaming contributed $328bn to economy in 2022
American Gaming Association reports that industry generates $52.7bn in taxes while supporting 1.8 million jobs
An American Gaming Association (AGA) study has found that the casino industry contributes $328.6bn (£270bn) to the US economy.
Looking at the gaming industry in 2022, Oxford Economics conducted a survey of operators on top of gathering information from secondary sources including federal, state and public company data sources.
It found that there was $125.9bn spending at land-based casinos and sportsbooks, while casino revenue totalled $122bn including $75.9bn at commercial casinos and $46bn at Native American casinos.
Catalytic spending, money spent outside of casino venues, by commercial casino players stood at $13.5bn, which included $4.9bn in transportation to the destination and more than $2bn on restaurants outside of casinos.
The report says that the industry employs more than 700,000 people, supporting 1.8 million jobs and over $104bn in terms of wages and salaries across the US.
It added that $52.7bn is generated in tax revenue to federal, state and local governments, which provides for public services such as education and economic development.
Investment in the development of new casinos stood at $2.7bn, which included expansion, renovation and ongoing maintenance of commercial casinos.
Speaking at G2E 2023, AGA president and CEO Bill Miller highlighted the impact that the industry has not only on local communities but what it generates in tax and job opportunities.
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.”