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An Essential A-to-z On Necessary Factors In Sports Betting

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Look Beyond Las Vegas To See Casino Gaming's Large Local Impact

David G. Schwartz This morning, the AGA released a follow-up report that details the impact of casino gaming throughout the United States, which estimates a $261 billion annual contribution to the national economy, supported nearly 1.8 million jobs (including those not directly working for casinos), and generated a total of $40.8 billion in taxes, including both direct gaming levies and payroll, sales, and business taxes. “Gaming companies across the country,” said Sara Slane, the AGA’s senior vice president of public affairs, “are enabling long-lasting careers for their employees and making a huge impact on their communities through innovative partnerships with local nonprofits, volunteerism and the generation of revenue that supports critical services. The industry’s tax revenue alone provides enough funding to hire 692,000 new teachers.” AGA senior vice president of public affairs Sara Slane. Credit: American Gaming Association. So, far from the glitz of Las Vegas, casinos are making an impact, sometimes in unlikely places. Iowa is not a state most people associate with big-time gambling, but consider this: since 1971, Iowa has legalized bingo, horseracing, the lottery, simulcasting (remote bets on horse races), riverboat casinos, racinos, and land-based casinos, with sports betting reportedly on the way . Once Iowa gets a lottery, its citizens will actually be able to bet on more things than Nevadans, unless the Silver State legalizes lotteries. Since the first Iowa riverboat casino opened in 1991, its gaming industry has steadily grown. Last year, Iowa’s 19 casinos posted revenues of $1.5 billion, $336 million of which was paid to the state in taxes. In addition to supporting 15,662 jobs and paying $618 million in wages, Iowa casinos bought $239 million in goods from Iowa vendors and provided $62 million in funding to community organizations. Casinos in Council Bluffs are finding special ways to make a difference.

For the original version including any supplementary images or video, visit https://www.forbes.com/sites/davidschwartz/2018/09/18/look-beyond-las-vegas-to-see-casino-gamings-large-local-impac/

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