AGA CEO Statement on Economic Impact of COVID-19 on U.S. Casino Gaming Industry
American Gaming Association President and CEO Bill Miller released the following statement on the economic toll the COVID-19 outbreak is having on the U.S. casino gaming industry:
“An estimated 616,000 casino gaming employees are prevented from working because of the important health and safety decisions made by state governments. Nearly all (95%) of the country’s 465 commercial casinos, and three-in-four (76%) of the country’s 524 tribal casinos, have shuttered their doors.
“The impact on our employees, their families, and communities is staggering, and the implications extend far beyond the casino floor. Leading technology companies that supply the industry, and the nearly 350,000 small business employees that rely on gaming for their livelihood, are also feeling the devastating blow of this unprecedented public health crisis.
“The federal government must act swiftly and comprehensively to get America’s hospitality employees, and the small businesses that support them, back to work. Gaming employees, their families, and communities are bearing the brunt of this economic standstill and will continue to suffer if Congress and the administration don’t take immediate action.
“In total, these mass closures will rob the U.S. economy of $43.5 billion in economic activity if American casinos remain closed for the next eight weeks.
“Gaming is an economic engine, employing millions of local residents, generating community investment through vital tax revenue, and supporting small businesses in communities all across the country.”
Background
- Casino closures risk nearly $74 billion in total wages annually for workers and their families.
- Casino gaming supports $41 billion in annual tax revenue and tribal revenue sharing nationwide – essential support for local hospitals, first responders, and vital public services.
- Half the jobs our industry supports are at non-gaming businesses such as restaurants and local shops – all will be dramatically affected by a local casino’s closure.
- Casino gaming is vital to local small businesses, delivering $52 billion annually in small business revenue, including construction, manufacturing, retail, and wholesale firms.
More information on COVID-19’s impact on U.S. casino industry workers and local communities is available here.
