Gaming Delivers $11.8B Economic Impact to NJ

The American Gaming Association (AGA) has released a new study quantifying the expansive annual impact the casino gaming industry has on the U.S. economy. Conducted by Oxford Economics, findings show the U.S. commercial gaming industry in New Jersey:

  • Contributes $11.9 billion to the state economy.
  • Supports 51,834 jobs in the state.
  • Generates $1.9 billion in tax revenue for state coffers.

“The U.S. gaming industry delivers long-term growth and impact to communities, generating significant tax revenue, creating strong jobs, supporting local small businesses, and funding critical community priorities,” said AGA President and CEO Bill Miller.

Gaming taxes in New Jersey provide critical funding for senior citizen and disabled resident programs and the state’s public education system. State gaming taxes are also invested in law enforcement and economic development programing.

On the national level, the U.S. gaming industry contributes $328.6 billion to the economy, supports 1.8 million jobs and generates $52.7 billion in tax revenue to federal, state and local governments. The gaming industry directly employs more than 700,000 people in the U.S. Put in context with the broader U.S. economy:

Gaming provides more direct jobs than the air transportation, postal service or motion picture and video sectors.
Direct casino employment accounts for 1 in 33 leisure and hospitality jobs.

AGA research also shows that the economic benefits generated by gaming are widely recognized by Americans, with a record 71% of adults saying the casino gaming industry has a positive impact on the U.S. economy.

To access more business news, visit NJB News Now.

Related Articles: