According to the American Gaming Association, the US gaming industry will generate $328.6bn in revenue (PS267.9bn/ EUR309.9bn in 2022).
A new AGA study, conducted by Oxford Economics, outlines this.
The study found that the US gaming industry provides employment to 1.8m people, and contributes $104bn annually in wage payments. This industry employs directly 700,000 individuals.
The industry generates $52.7bn of tax revenue for federal, state and municipal governments.
Bill Miller, AGA President and CEO, said: “The US Gaming Industry delivers growth to the community over time, by generating tax revenue and creating jobs. It also supports local businesses and funds critical priorities for communities.”
Casino revenue from commercial casinos leads the total
According to the AGA study, gaming will generate $150.3 billion in direct activity by 2022. Total spending included $125.9bn in casino expenditures and $24.4bn for other activities.
The casino industry generated $79.9 billion in revenue from commercial gaming, and $46.0 billion from tribal gaming. Total included new online channels like sports betting and gaming.
AGA stated that gaming generated 83.1% casino revenues, with the remainder 16.9% coming from other services, such as lodging, food and beverage.
Catalytic expenditures, or spending outside of gaming, accounted for $13.5 billion. This included $2.7bn of capital expenditure and $8.3bn paid out to suppliers.
The catalytic expenditure includes money spent by patrons of casinos outside the casino. This includes $4.9bn on travel to the destination, and $2.4bn in restaurants not connected with casinos.
AGA highlighted that the aerospace and semiconductor industries will be smaller in size by 2022.
