AGA study reveals gambling contributes $329b to US economy

AGA study reveals gambling contributes $329b to US economy

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AGA study reveals gambling contributes $329b to US economy

A recent study conducted by the AGA has revealed that the gambling industry of the United States contributes 329 billion dollars annually to the country’s economy.

In addition to the headline contribution of just under 330 million dollars per year, the study, which was conducted for the AGA by Oxford Economics, revealed that the industry’s total tax contribution was just under 53 billion dollars, paid to a variety of local and state governments, in addition to the federal one.

The report then showed that the American gambling industry supports around 1.8 million jobs directly and indirectly, paying a total of 104 billion dollars per year in wages across the United States. In terms of direct employment, the sector supports over 700 thousand people, putting the gambling industry ahead of major employers in the country like the air travel and postal sectors. Moreover, the study revealed that one in every 33 hospitality positions was directly associated with the gambling industry as well.

Lastly, the AGA summarized the review by mentioning that the industry’s positive impact is being recognized widely across the country, with one of the association’s other recent studies confirming that more than 70% of American adults think that the industry has an overall positive impact on the country’s economy.

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