Casino industry spurs $329 billion in US economic activity, study by gambling group shows

  • 📰 AP
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The U.S, casino gambling industry says it generates nearly $329 billion a year in economic activity. The American Gaming Association says the industry’s economic impact in 2022 was up 26% from 2017, before the COVID-19 pandemic hit. Commercial and tribal casinos support 1.8 million jobs, including 700,000 jobs at casinos and related businesses — about the same as in 2017. The study says those jobs generated $104 billion in wages across the country, up 40% from 2018. The U.S. casino industry is h

A dealer conducts a game of roulette at Harrah’s casino in Atlantic City, N.J., on Sept. 29, 2023. The casino gambling industry generates nearly $329 billion a year in economic activity in the U.S., according to a study released on Monday, Oct. 9, 2023, by the industry’s national trade association. A gambler plays a slot machine at Harrah’s casino in Atlantic City, N.J., on Sept. 29, 2023. The casino gambling industry generates nearly $329 billion a year in economic activity in the U.S.

The industry paid $52.7 billion last year in taxes to federal, state and local governments, up 29% since 2017, the report said.Lahaina residents deliver petition asking Hawaii governor to delay tourism reopening Miller said the association will use numbers from the survey to press its case to lawmakers in favor of gambling industry goals, including a government crackdown on unlicensed gambling operations.

Jane Bokunewicz, director of the Lloyd Levenson Institute at New Jersey’s Stockton University, which studies the Atlantic City gambling industry, said money won by casinos is just part of their overall contribution to the nation’s economy. The survey examined money won from gamblers or spent at non-gambling casino businesses like restaurants and stores, including traditional casino games, sports betting and online gambling. Also surveyed was capital investment, including the building and opening of new casinos or renovations to existing ones, and spending by manufacturers of gambling devices including slot machines.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 728. in BE

Belgique Dernières Nouvelles, Belgique Actualités