WASHINGTON – The American Gaming Association released a new study examining the impact the gaming industry has on the U.S. economy – providing stable jobs to nearly 2 million Americans and generating billions of dollars in tax revenue.
This is the first comprehensive report on the gaming industry’s national economic impact since 2014.
Oxford Economics’ 2018 study found that the U.S. gaming industry:
- Contributes $261 billion to the U.S. economy, a 9.5 percent increase since 2014;
- Supports nearly 1.8 million jobs, up from 1.7 million jobs in 2014; and
- Generates $40.8 billion in tax revenues to federal, state and local governments.
“Gaming companies across the country are enabling long-lasting careers for their employees and making a huge impact on their communities through innovative partnerships with local nonprofits, volunteerism and the generation of revenue that supports critical services. The industry’s tax revenue alone provides enough funding to hire 692,000 new teachers,” said Sara Slane, senior vice president of public affairs for the American Gaming Association.
“Since our last study in 2014, casino gaming has expanded into new markets, offered innovative new entertainment options and enhanced its position as a key contributor to local, state and federal economies,” Sale added.
The research was commissioned by the Washington D.C.-based AGA and conducted by Oxford Economics. More information about the study can be viewed here.
