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Gambling in the USA

Research finds tribal gaming boosts US economy

Niji Ng

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Research finds tribal gaming boosts US economy
Photo Source: variety.com
Reading Time: 2 minutes

 

The American Gaming Association (AGA) has published an exhaustive study that offers a detailed state-by-state analysis on the impact of tribal casinos on the economy. The major finding is that Tribal casinos boost the economy in general.

Meister Economic Consulting conducted the study, commissioned by AGA, on the economic and fiscal impacts of Class II and Class III tribal gaming on the U.S. and state economies.

Some of the other findings are the following:

  • California has the biggest volume of tribal gaming in terms of economic activity, jobs and tax payments. The casinos provide $20 billion to the Golden State’s economy, create 125,000 jobs and generate $3.4 billion in taxes and revenue share payments to all levels of government.
  • Oklahoma comes second. Tribal casinos create 75,000 jobs, generate $1.6 billion in taxes and revenue share payments and provide $9.6 billion to the state’s economy.
  • Florida is the third largest in terms of economic activity of Tribal gaming. Tribal casinos provide $6.1 billion to the state’s economy, create nearly 46,000 jobs and generate more than $1.1 billion in state, federal and local taxes and revenue share payments.
  • The upper Midwest is a hub of tribal gaming activity. Michigan, Minnesota and Wisconsin tribal casinos combined generated nearly $1.5 billion in state, local and federal taxes and revenue share payments, supported nearly 78,000 jobs and added $10.2 billion to the states’ economies.

“Tribal gaming operators are present in 28 states and create nearly half of all U.S. gaming revenue,” said Sara Slane, senior vice president of public affairs for the American Gaming Association. “This report details the widespread economic impact that tribal casinos have in states across the country, providing diverse career opportunities, supporting local businesses and generating tax revenue and revenue share payments for all levels of government.”

This is the second consecutive year that Meister Economic Consulting and the American Gaming Association have conducted a comprehensive study of the economic impact of tribal gaming. This data, in conjunction in previously released commercial gaming data from Oxford Economics, allows for a detailed state-by-state breakdown of casino gaming’s economic impact.

 

About the research:
On behalf of the American Gaming Association, Meister Economic Consulting measured the economic and fiscal impacts of Class II and Class III tribal gaming on the U.S. and state economies. The study relies on tribal gaming data that served as the basis for the 2018 Edition of the Indian Gaming Industry Report, including gaming revenue, non-gaming revenue (e.g., revenue from food and beverages, lodging, retail and entertainment) and gaming related revenue share payments by tribes to federal, state, and local governments (e.g., regulatory payments and local and state revenue sharing). Tribal gaming data used in this study are for calendar year 2016, the most current year for which they are available.

About AGA:
The American Gaming Association is the premier national trade group representing the $261 billion U.S. casino industry, which supports 1.8 million jobs nationwide. AGA members include commercial and tribal casino operators, gaming suppliers and other entities affiliated with the gaming industry. It is the mission of the AGA to achieve sound policies and regulations consistent with casino gaming’s modern appeal and vast economic contributions.

Niji has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Gambling in the USA

Nuns gamble after stealing $500,000 from Catholic school

Niji Ng

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Nuns gamble after stealing $500,000 from Catholic school
Photo Source: independent.co.uk
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In strange and puzzling development in California, two nuns stole $500,000 from a Catholic school and used the money on gambling and vacations. Sister Mary Margaret Kreuper and Sister Lana Lang of St. James Catholic School in Torrance had been diverting funds from the school to their own bank account for at least 10 years, the Press-Telegram reports.

Kreuper, who was the school’s principal, handled all tuition checks and fees. She even withheld some checks and deposited them into an account only she and Chang knew about.

The two sisters offered some of the stolen money back to the school; the rest was used for their “personal gain.”

Kreuper and Chang used the stolen money on sightseeing trips and casino gambling.

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Gambling in the USA

DC inches towards legalising sports betting

Niji Ng

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DC inches towards legalising sports betting
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The council of District of Columbia (DC) has moved further closer to the realisation of the bill that would make sports betting legalised in the state. The second and final vote on the “Sports Wagering Lottery Amendment Act of 2018” is expected to be held in the December 18 legislative session.

The DC council decides to move quickly as the neighbouring states, such as Maryland and Virginia, are seen as moving fast.

However, David Grosso, one of the members of the council that voted against the bill, said that it is possible that they are moving too fast: “This rush to make D.C. the first jurisdiction in the region to legalise sports betting gives me great pause as we do not fully understand the impact it will have on our communities.”

The bill establishes two categories of licences, one for establishments such as restaurants and bars, and one for major sports stadiums in city limits. Another member of the Council said that he expects to have a sports betting market ready to start for the 2019 baseball season.

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Gambling in the USA

Maryland casino revenues increase

Niji Ng

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Maryland casino revenues increase
Photo Source: WTOP.com
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Maryland’s gaming sector has posted a record month in November in terms of revenue generation. The six casinos in the state has recorded a gaming revenue of $158 million, 7.3 per cent higher than the amount in the same period last year. The revenues have fallen to $140.1 million in November.

The casino-wise details of revenue break-up are listed below:

MGM National Harbour, which opened in December 2016, accounted for 41 per cent of all gaming revenue last month, at $57.3 million, up 13.2 per cent from a year ago.

Live! Casino & Hotel at Arundel Mills had $48.7 million in November gaming revenue, up 12 per cent from November 2017.

Baltimore’s Horse Shoe Casino stumbled in November, with $19.5 million in gaming revenue, down more than 14 per cent from a year ago.

Gaming revenue was mixed for the state’s three smaller casinos.

Hollywood Casino Perryville had $5.4 million in November gaming revenue, down 5.9 per cent from a year ago. Rocky Gap Casino Resort had $4 million in gaming revenue, down 2.7 per cent. But Ocean Downs Casino’s $5.2 million in November gaming revenue was up 34.3 per cent from a year earlier.

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