Casinos contribute $261.4b to U.S. economy in 2017, study finds

Casinos in the U.S. contributed $261.4 billion to the economy in 2017, a 9.5 percent increase since 2014, according to a study carried out by Oxford Economics for the American Gaming Association.

The industry supports nearly 1.8 million jobs up from 1.7 million three years previously and generates $40.8 billion in tax revenue, it found.

“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,” said AGA VP of public affairs, Sara Slane. “The industry’s tax revenue alone provides enough funding to hire 692,000 new teachers.”

“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.”

Last year, total casino revenue was $89.4 billion, with $33.7 billion of that figure collected by Native American casinos. Of the total, 18 percent was on non-gaming.

The casinos generated $13.3 billion in ancillary spending, which included money patrons spent in other businesses, such as restaurants and shops.