• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

U.S. casino sector worth US$240 bln: study

Oct 01, 2014 Newsdesk Latest News, World  


U.S. casino sector worth US$240 bln: study

The casino industry contributed US$240 billion to the U.S. economy in 2013, according to a study released on Tuesday. That includes US$38 billion in local, state and federal taxes the industry said it paid last year.

U.S. casinos, including those owned by Native American tribes, generated total revenues of more than US$81 billion in 2013, shows the study from Oxford Economics Ltd, a research firm specialising in economic research.

Gaming revenues comprised 83 percent (US$67 billion) of total revenues. The report also included the impact some legal online gaming had on the economy.

U.S.-based gaming manufacturers reported nearly US$6 billion in revenues last year.

The American Gaming Association (AGA) announced the results of the study at a news conference at Global Gaming Expo (G2E) 2014, taking place this week at the Sands Expo and Convention Center in Las Vegas.

“The research reveals a vast industry that supports local communities across the country through business linkages and employment generation,” Adam Sacks, director of Oxford Economics, said in a statement. “Given the relatively high levels of taxes on the casino industry, it supports a wide range of government services as well.”

The study looked at the gambling industry’s total revenue and its tax payments. It also used a multiplier to consider the industry’s impacts on other businesses, largely tourism related.

The study shows the casino sector supported more than 1.7 million jobs nationwide. Of the total, 734,000 were directly employed by the gaming industry while the remaining workers were indirectly employed as a result of the industry’s economic activity.

The gaming industry generated more than US$14 billion in consumer spending at restaurants, retail stores, hotels and other businesses, according to the study. The sector also generated approximately US$60 billion in payments to suppliers and injected US$78 billion into the economy through employees’ spending.

“We’ve known for a long time that our industry’s contributions have gone underestimated, but these numbers are bigger than even we anticipated,” Geoff Freeman, president and chief executive of AGA, said in the statement.

“Gaming is driving big results in hundreds of American communities. Our future success depends on strong partnerships with policymakers that allow us to innovate, reinvent, and create more jobs,” he added.


  • tweet
Related articles
  • Macau gaming shielded in case of global recession: analysts
    Macau gaming shielded in case of global...

    Jul 06, 2022  

  • Gaming CEOs see positive outlook for 2022: AGA survey
    Gaming CEOs see positive outlook for...

    Apr 22, 2022  

More news
  • Coughlan to exit as Wynn Macau Ltd president in February
    Coughlan to exit as Wynn Macau Ltd...

    Jul 06, 2022  

  • Fitch downgrades Crown, signs off on rating casino firm
    Fitch downgrades Crown, signs off on...

    Jul 06, 2022  


Latest News

Coughlan to exit as Wynn Macau Ltd president in February

Coughlan to exit as Wynn Macau Ltd president in February

Jul 06, 2022  

Macau casino operator Wynn Macau Ltd said on Wednesday that its long-serving president, Ian Coughlan (pictured), would be leaving his role in February next year. Linda Chen will take over as...
Read More
Fitch downgrades Crown, signs off on rating casino firm

Fitch downgrades Crown, signs off on rating casino firm

Jul 06, 2022  

Macau could launch gaming tender within days: JP Morgan

Macau could launch gaming tender within days: JP Morgan

Jul 06, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”As the Macau gaming revenue structure is now leaning heavily towards the mass business … once the border fully reopens, the recovery from mass should drive the sector to bounce more swiftly”

Vitaly Umansky, Louis Li and Shirley Yang

Analysts at Sanford C. Bernstein



Most Popular

  • Four Seasons Macao shops paused on Covid casesFour Seasons Macao shops paused on Covid cases July 4, 2022
  • GKL sees June casino sales up 34pct sequentiallyGKL sees June casino sales up 34pct sequentially July 4, 2022
  • Macau’s Grand Lisboa cordoned amid 13-case Covid clusterMacau’s Grand Lisboa cordoned amid 13-case Covid… July 5, 2022
  • Macau publishes amendment to public tender regulationMacau publishes amendment to public tender regulation July 5, 2022
  • Macau ops all likely had negative 2Q EBITDA: JP MorganMacau ops all likely had negative 2Q EBITDA: JP Morgan July 4, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us