Casino industry spurs $329 billion in US economic activity, study by gambling group shows
Casino industry spurs $329 billion in US economic activity, study by gambling group shows
The U.S, casino gambling industry says it generates nearly $329 billion a year in economic activity.
The casino gambling industry in the U.S. generates nearly $329 billion a year in economic activity, according to a new study by the industry’s national trade association.
The American Gaming Association released a study Monday showing the industry’s economic impact in 2022 was up 26% from 2017, before the COVID-19 pandemic hit.
Commercial and tribal casinos support 1.8 million jobs, including 700,000 jobs at casinos themselves or related businesses, about the same as in 2017. Those jobs generated $104 billion in wages across the country, up 40% from 2017, according to the study.
A study paid for by casinos shows casinos are a benefit to society instead of a drain? *Shocked Pikachu face*
It's easy to look at all the positives when you just ignore the negatives, after all.
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'economic activity'
May as well be paying people to dig ditches.
I find this so mind bogglingly frustrating.
Journalists and reporters seem to have no fucking clue what 'the economy' is even supposed to represent or what 'growing' it means.
Stuff like entertainment, social media, or tourism being listed in the economic sense, are you kidding? Stuff like tourism never ever grows "the economy" in the overall human sense of the global economy. It may grow an individual's or a country's economy, but that's at the expense of another individual or country that is losing money.
Inventing a new thing or process though? That legitimately might grow the economy if it's more efficient or better than the old process in some way. Since it stands to increase the overall amount of free available resources for use.....
But casinos and gambling though? That is at best just tourism, but in reality is likely a massive drain on the overall economy since encouraging gambling addictions just increases the number of people ruining their lives instead of actually inventing / doing something new, or even just contributing an average amount to sustain the economy.
Even general entertainment and tourism are better. There is a certain unquantifiable quality to the societal value of human services of that kind. The thing is that gambling expenses are so far removed from the cost of providing them as to be absolutely absurd.
A business that exists by preying on people's addiction should not exist
People are going to gamble, better have legal gambling. Like with weed. Anyways, the profiteering is what peeves me, they should be nonprofits and be required to donate all proceeds.
Edit: typo
They would just spin up "charities" staffed by family members that had 98% overhead with 2% donations.
Just tax the living fuck out of them. Make it so they have a low max profit and be done with it.