‘Casinos Make Sense During Recessions’

September 2, 2011 11:54 pm

We spotted these Casino stats today, from ‘The State of the States’ Report from American Gaming Association:

1. In 2010, gross gaming revenues for commercial casinos rebounded slightly to $34.60 billion, a 0.9 percent increase compared with 2009 figures.

2. Of those revenues, $7.59 billion was returned to state and local governments in the form of direct gaming taxes to pay for a wide range of goods and services that benefit the industry’s host communities

3. The gaming industry also continued to be a significant source of jobs, employing 340,564 people who earned $13.3 billion in wages, benefits and tips during 2010.

4. The gaming equipment manufacturing sector reported significant revenue, supported tens of thousands of employees and paid billions of dollars in salaries and wages

5. Direct revenue sourced to the gaming equipment manufacturing industry was $11.5 billion during 2010, a 5.1 percent decline from the prior year. Despite the reduced revenue levels in 2010, a survey of global gaming suppliers indicated that 73 percent of companies within the sector think that market conditions will improve during the next 12 months

6. Direct employment declined 2.0 percent to 29,400 in 2010. Overall wages for those employees totaled $2.1 billion during the same period, which was flat when compared with 2009 figures.

7. With an average wage of approximately $70,500, the sector’s employees earned significantly more than the U.S. median income of $43,460 (Bureau of Labor Statistics). ”

Statistics Source: American Gaming Association

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