American Casino Industry Shows Massive Growth, Maturation & Profits.
The American Gaming Association (AGA) has recently released its latest industry findings, reporting that the commercial casino industry has increased its revenues by an impressive 73% over the past decade. The report, entitled The 2008 State of the States: The AGA Survey of Casino Entertainment, is the 10th edition of the casino industry survey run by the AGA, and shows that while the casino industry brought in a mere $19.7 billion in 1998, 2007 managed to rake an extraordinary $34.13 billion in revenues. In addition, the gaming tax revenues doubled to $5.79 billion.
According to the President and CEO of the AGA, Frank Fahrenkopf Jr., the increase in casino revenues is due to growth and maturation of the industry, which has provided thousands of stable job opportunities and economic development to the areas in which it reaches.
“The report, available at the AGA website, provides detailed charts and graphs that examine various casino gambling trends within each state and America as a whole over the past 10 years. Some of the results found are that:
• Casino employment has increased by 10% since 1998, today providing over 360,633 steady jobs to Americans.
• Job wages, benefits, tip and overall salary has risen over 25% to $13.8 billion in 2007.
• All of the 11 states hosting commercial casino businesses have enjoyed significant growth in gross gaming revenue since the close of a decade.
The report also covers a wide range of other trends, such as casino gambling habits. The AGA official site is www.americangaming.org.