A recent Oxford Economics study for the American Gaming Association revealed the huge contribution of the gaming industry to the U.S. economy.
In 2022, gambling supported the economy by $329 billion, creating 1.8 million jobs with a salary of $104 billion and providing taxes for $53 billion.
Really impressive numbers!
What does this mean for arbitrageurs and operators?
🟢 Growing market = new opportunities for arbitrageurs. On average, the market is growing by 10% per year.
🟢 The USA continues to be the leading market in the gambling industry (about 10%), which promises profit growth.
🟢 The state supports the gambling industry. This will cause an increase in interest among the population.
How did you get such data?
The Gaming Industry Association (AGA) conducted a comprehensive study including:
🟠 Survey of game operators;
🟠 Analysis of secondary data on employment, income and expenses in the sector;
🟠 Collecting data on Native American casinos and gaming equipment manufacturers;
🟠 Calculation of direct, indirect and induced economic impacts.
The gambling industry contribution modeling uses an input-output model with the IMPLAN system for analysis.
Contribution to the Economy
In addition to creating jobs, gambling contributes to the development of related sectors such as hospitality, restaurant business and logistics. Support from the gambling business has exceeded $20 billion.
Conclusion
The US gaming industry is one of the key sectors of the economy, contributing to economic development and providing new opportunities for arbitrageurs. This is great news, because gambling is profitable for the USA!
Really impressive numbers!
What does this mean for arbitrageurs and operators?
🟢 Growing market = new opportunities for arbitrageurs. On average, the market is growing by 10% per year.
🟢 The USA continues to be the leading market in the gambling industry (about 10%), which promises profit growth.
🟢 The state supports the gambling industry. This will cause an increase in interest among the population.
How did you get such data?
The Gaming Industry Association (AGA) conducted a comprehensive study including:
🟠 Survey of game operators;
🟠 Analysis of secondary data on employment, income and expenses in the sector;
🟠 Collecting data on Native American casinos and gaming equipment manufacturers;
🟠 Calculation of direct, indirect and induced economic impacts.
The gambling industry contribution modeling uses an input-output model with the IMPLAN system for analysis.
Contribution to the Economy
In addition to creating jobs, gambling contributes to the development of related sectors such as hospitality, restaurant business and logistics. Support from the gambling business has exceeded $20 billion.
Conclusion
The US gaming industry is one of the key sectors of the economy, contributing to economic development and providing new opportunities for arbitrageurs. This is great news, because gambling is profitable for the USA!