For the first time ever, a new study conducted by Oxford Economics examines the vast, positive economic impact of the gaming industry on Nevada’s economy. The American Gaming Association (AGA) released the first-of-its-kind study, which measures the industry’s significant ripple effect on the supply chain, including local businesses. Oxford’s study found that Nevada’s gaming industry:
- Contributes more than $53 billion to Nevada’s economy;
- Supports approximately 425,000 Nevada jobs and more than $18.8 billion in income;
- Generates $7.9 billion in tax revenues to local, state and federal governments.
“This study shows that gaming is driving big results in Nevada,” said Geoff Freeman, president and CEO of the AGA. “However, given increased competition and changing consumer demands, our future success depends on strong partnerships with policymakers that allow us to innovate, reinvest and create more jobs.”
“The research reveals a vast industry that boosts local communities across Nevada by supporting jobs and generating customers for businesses,” says Adam Sacks, director, Oxford Economics. “The industry also supports a wide range of government services in the state.”
According to a recent poll conducted by respected pollsters Mark Mellman and Glen Bolger, voters across the political spectrum view casino gaming more favorably than ever before. Further, the vast majority recognizes that casino gaming creates jobs, strengthens local businesses and benefits communities.
Nationwide, casino gaming in the United States is a $240 billion industry that supports 1.7 million jobs and generates $38 billion in federal, state and local taxes, according to a study by Oxford Economics released last month. For more information about this study, please click here.
For more information about the Oxford Economics Nevada study, view the report, methodology and fact sheet. The release of the Oxford Economics study is a key component of the AGA’s “Get to Know Gaming” campaign – an aggressive effort to promote the value of the gaming industry, combat outdated stereotypes and pave the way for gaming’s next generation.