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.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: wfaa - 🏆 543. / 51 Read more »