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

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ATLANTIC CITY, N.J. (AP) — The casino gambling industry in the U.S. generates nearly $329 billion a year in economic activity, according to a new study by...

ATLANTIC CITY, N.J. — The casino gambling industry in the U.S. generates nearly $329 billion a year in economic activity, according to a new study by the industry's national trade association.

The industry paid $52.7 billion last year in taxes to federal, state and local governments, up 29% since 2017, the report said. “Think back to where we were a few years ago with nearly 1,000 casinos, almost all of them closed,” he said. “Today, we're seeing record revenue in the industry.” “I think it speaks to the continuing popularity of casino gambling in the United States,” said David Schwartz, a gambling historian at the University of Nevada Las Vegas. “Despite some economic headwinds, casinos remain powerful drivers of economic activity.”

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.

Non-gambling revenue accounted for nearly 17% of casino revenue last year, including money from food and beverage sales, hotel rooms and other items.Security guard dead after shooting at Pickering casino, several suspects outstanding, police say

 

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