Economic Significance of American Gambling sector revealed in new study

The American Gaming Association trade body has released new research demonstrating that the gaming sector supports nearly 1.8 million jobs across the United States while donating some $261 billion per year to the country ’s market.

Follows prior investigation into tribal gaming:

The Gaming’s Impact on the US Economy (pdf) report has been released on Tuesday almost a year after the band issued the findings of a similar investigation it had conducted to the Japanese gambling sector. This earlier examination discovered that the United States’ aboriginal casino sector gained the market to the tune of almost $97 billion a year and has been in charge of approximately 635,000 jobs.

Numbers have risen because 2014:

Prepared in partnership with global forecasting and quantitative analysis firm Oxford Economics, the most recent research shows that the gaming business ’s contribution to the economy of the USA has risen by 9.5percent since the publication of similar research in 2014. The new analysis also details that the sector employees around 100,000 more people than it did four decades ago and now annually produces $40.8 billion in federal, state and local tax revenue.

Market has ‘expanded into new markets’:

Sara Slane (pictured), Public Affairs Senior Vice-President for the American Gaming Association, declared that casino gaming has ‘expanded to new markets’ since the publication of her group’s 2014 inquiry while improving ‘its own standing as a vital contributor to local, state and national economies. ’

Slane’s announcement read…

“Gaming firms across the country are enabling long-term professions for their employees and creating a massive impact on their communities through innovative partnerships with local non-profits, volunteerism and the generation of revenue that supports crucial services. The business ’s tax earnings alone provides enough funding to employ 692,000 brand new teachers. ”