The U.S. casino industry is having its best year ever in terms of the amount of money won from gamblers.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.”
Bokunewicz said casinos spend significant sums on operating costs, including purchases of goods and services like food, linen, hotel room amenities, laundry services, and building maintenance. They also hire local builders and vendors for construction and ongoing capital improvements.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Casino industry spurs $329 billion in US economic activity, study by gambling group showsThe 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
Source: AP - 🏆 728. / 51 Read more »
Casino industry spurs $329 billion in US economic activity, study by gambling group showsAs football season hits full swing, sports gamblers need to be aware they have to file their winnings on their taxes.
Source: wfaa - 🏆 543. / 51 Read more »
Casino industry spurs $329 billion in US economic activity, study by gambling group showsAs football season hits full swing, sports gamblers need to be aware they have to file their winnings on their taxes.
Source: fox43 - 🏆 564. / 51 Read more »
Casino industry spurs $329 billion in US economic activity, study by gambling group showsAs football season hits full swing, sports gamblers need to be aware they have to file their winnings on their taxes.
Source: 10TV - 🏆 560. / 51 Read more »
Casino industry spurs $329 billion in US economic activity, study by gambling group showsAs football season hits full swing, sports gamblers need to be aware they have to file their winnings on their taxes.
Source: WTHRcom - 🏆 329. / 59 Read more »