The American Gaming Association (AGA) has provided an update on the impact of the U.S. gaming industry on the nation’s economy. The study, conducted by Oxford Economics, covered the year 2022.
The report indicates that the commercial and tribal gambling industry in the US achieved total business sales of $328.6 billion (R32.8 trillion). The number of gambling-related jobs totaled 1.8 million, and the industry spent $104.2 billion (R10.4 trillion) on employee salaries.
Also in the last year, total tax deductions amounted to $53 billion (Br5.3 trillion). This money is used to fund local government programs and services. Among them are education, infrastructure and economic development.
Spending at land-based and online casinos, as well as bookmakers, totaled $125.9 billion (12.58 trillion rubles). Casino revenue reached $122 billion (12.2 trillion rubles)uble). Of this amount, 62.3% came from commercial establishments and 37.7% from tribal facilities.
In 2022, total capital investment in the commercial casino sector amounted to $2.7 billion (almost 270 billion rubles). This category includes expenditures for the construction, renovation, expansion, and maintenance of gambling facilities.
According to the study, approximately 709,000 people were directly employed in the U.S. gambling industry. The total amount of salaries, benefits and tips reached the mark of 31 billion dollars (over 3 trillion rubles).
According to AGA President and CEO Bill Miller, the U.S. gaming industry provides long-term growth and community impact. It generates significant tax revenues, creates strong jobs, supports small businesses and funds important community priorities.
Of note: Howard Hughes Holdings plans to open a casino on the Las Vegas Strip.