Study: Gaming industry creates 1.8 million jobs in the USA

The gaming industry is a major contributor to the US economy. This is the conclusion of a study by the American Gaming Association (AGA). According to the study, the gaming industry not only contributes significantly to the economy, but also creates countless jobs - especially in gaming metropolises such as Las Vegas.

Back in August this year, we at GambleJoe reported that the so-called "Indian casinos" in the USA had recently taken in over 40 billion US dollars. A recent study has now concluded that the gambling industry in the US contributes an incredible $329 billion to the economy. What is more, the controversial industry provides numerous jobs across the country.

US gambling industry creates around 1.8 million jobs

The study, carried out by „Oxford Economics“, concludes, among other things, that the gambling industry in the United States generates a total of about 1.8 million jobs. Nearly 600,000 of these jobs are directly in American casinos.

Even more impressive is the economic output of the US gambling industry. According to the report, the gambling industry as a whole has an economic impact of US$329 billion per year. The 1.8 million employees in the gambling industry alone earn $104 billion.

Incidentally, it was only a few months ago that we reported that a player in Las Vegas had won a double-digit million-dollar jackpot on a slot machine.

Tax revenues of high importance for the US treasury

It was only a few days ago that we reported here that a fee of €500,000 per online casino is planned in Romania. No wonder, then, that according to the latest study, the entire United States collects up to €13.5 billion a year in gambling taxes alone. In total, the gambling sector in America generates around 53 billion US dollars in tax revenue, according to the study. The 21-page study is available online as a free PDF document here.

What are the predictions for the future?

At present, the US gambling industry faces an uncertain future. It is questionable whether the industry will be able to continue on its current growth path in the coming years. The difficulty at present is to reduce the illegal supply in the market. At the same time, legal gambling is likely to become more attractive.

Basically, the US faces the same problem as Germany. Many people there are dissatisfied with the current gambling regulations. However, the GGL has declared war on illegal gambling.

Image source: https://pixabay.com/de/photos/las-vegas-eiffelturm-gebäude-1846684/