{"id":3110,"date":"2023-10-11T14:38:28","date_gmt":"2023-10-11T14:38:28","guid":{"rendered":"https:\/\/www.casinousa.com\/news\/?p=3110"},"modified":"2023-10-11T14:38:28","modified_gmt":"2023-10-11T14:38:28","slug":"aga-study-highlights-us-casino-industrys-increased-economic-impact","status":"publish","type":"post","link":"https:\/\/www.casinousa.com\/news\/aga-study-highlights-us-casino-industrys-increased-economic-impact","title":{"rendered":"AGA Study Highlights US Casino Industry\u2019s Increased Economic Impact"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.casinousa.com\/news\/wp-content\/uploads\/sites\/2\/2023\/10\/us-casino-industry-economic-impact.jpg\" alt=\"US Casino Industry Economic Impact\" class=\"alignleft size-full wp-image-3111\" width=\"300\" title=\"AGA Study Highlights US Casino Industry\u2019s Increased Economic Impact \" \/><strong>Summary:<\/strong><\/p>\n<ul>\n<li>Casinos generated almost $329bn for the US economy in 2022, up 26% from 2017<\/li>\n<li>The industry currently supports 1.8m jobs and directly employs 700,000 people<\/li>\n<li>Sector is on course for another record year in terms of revenue<\/li>\n<\/ul>\n<p>A new study evaluating the <a href=\"https:\/\/www.casinousa.com\/infographic\/infographic-on-why-the-casino-industry-is-worth-billions-of-dollars\">economic impact of the casino gaming industry in the US<\/a> has found that commercial and tribal casinos throughout the country contribute nearly $329 billion to the US economy. <\/p>\n<p>The industry also supports 1.8 million jobs and drives nearly $53 billion in tax revenue to federal, state, and local governments.<\/p>\n<h2 id=\"gaming-industry-contributing-more-to-the-us-economy\">Gaming Industry Contributing More to the US Economy<\/h2>\n<p>The study, conducted by <strong>Oxford Economics<\/strong> on behalf of the <strong>American Gaming Association<\/strong> (AGA), the national trade body representing gaming operators across the US, took into account relevant data from 2022. AGA released a similar report in 2018 which mapped figures from 2017.<\/p>\n<p>According to the <a href=\"https:\/\/www.americangaming.org\/wp-content\/uploads\/2023\/10\/2023-Gaming-Industry-Economic-Report.pdf\">latest study<\/a> published by AGA this week, the US casino industry generated $328.6 billion in economic activity in 2022, a 26% increase from 2017. Casinos are also among the country\u2019s biggest employers, supporting 1.8 million jobs and $104 billion in wages and salaries. The latter figure is up 40% from 2017. <\/p>\n<p>The <strong>gaming industry directly employs over 700,000 people in the US<\/strong>, more than the direct jobs provided by the country\u2019s air transportation, postal service, motion picture, and video sectors. Furthermore, 1 in 33 leisure and hospitality jobs throughout the country is generated via direct casino employment. <\/p>\n<p>Compared to 2017 data, the <strong>casino sector\u2019s tax contributions went up by 29% to $52.7 billion in 2022<\/strong>, providing crucial funding for public programs and initiatives across the US and supplemental revenue for state general funds. <\/p>\n<p>Commenting on the report, AGA President and CEO <strong>Bill Miller<\/strong> said the latest figures are a testament to the industry\u2019s resiliency and continued strength since being heavily impacted by the COVID-19 pandemic in 2020. <\/p>\n<h2 id=\"us-casinos-set-to-achieve-record-revenue-in-2023\">US Casinos Set to Achieve Record Revenue in 2023<\/h2>\n<p>In terms of revenue, the <a href=\"https:\/\/www.casinousa.com\/news\/us-casino-gaming-revenues-hit-all-time-highs\">US casino industry has gone a long way<\/a> since the pandemic first hit, according to Miller. 2023 is shaping up to be another record year for the sector, with casino operators on track to win more than $60 billion from gamblers by the end of the year. <\/p>\n<p>Moving forward, AGA will continue to lobby legislators on measures that would benefit the industry, such as curbing illegal gambling, and Miller is optimistic the new study will give a significant boost to their campaign.<\/p>\n","protected":false},"excerpt":{"rendered":"Summary: Casinos generated almost $329bn for the US economy in 2022, up 26% from 2017 The industry currently supports 1.8m jobs and directly employs 700,000 people Sector is on course for another record year in terms of revenue A new study evaluating the economic impact of the casino gaming industry in the US has found [&hellip;]","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,6,5],"tags":[],"class_list":["post-3110","post","type-post","status-publish","format-standard","hentry","category-news","category-financial","category-industry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AGA Study Highlights US Casino Industry\u2019s Increased Economic Impact<\/title>\n<meta name=\"description\" content=\"A new study evaluating the economic impact of the casino gaming industry in the US has found that commercial and tribal casinos throughout the country contribute nearly $329 billion to the US economy\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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