Groundbreaking New Research Reveals Impressive Magnitude of Casino Gaming Industry in Mississippi
Casino gaming supports 37,000 jobs in Mississippi, generates $944 million in taxes
Washington, DC - Dec. 11,2014 – For the first time ever, a new study conducted by Oxford Economics examines the vast, positive economic impact of the gaming industry on Mississippi’s economy. The American Gaming Association released the first-of-its-kind study, which measures the industry’s significant ripple effect on the supply chain, including local businesses. Oxford’s study found that Mississippi’s gaming industry:
- Contributes $4 billion to Mississippi’s economy;
- Supports approximately 37,000 Mississippi jobs and nearly $1.5 billion in income;
- Generates $944 million in tax revenues to local, state and federal governments – enough to pay nearly 30,300 teachers’ salaries.
“This study shows that gaming is driving big results in Mississippi,” said Geoff Freeman, president and CEO of the American Gaming Association. “However, given increased competition and changing consumer demands, our future success depends on strong partnerships with policymakers that allow us to innovate, reinvest and create more jobs.”
“The research reveals a vast industry that boosts local communities across Mississippi by supporting jobs and generating customers for businesses,” says Adam Sacks, director, Oxford Economics. “The industry also supports a wide range of government services in the state.”
According to a recent poll conducted by respected pollsters Mark Mellman and Glen Bolger, voters across the political spectrum view casino gaming more favorably than ever before. Further, the vast majority recognizes that casino gaming creates jobs, strengthens local businesses and benefits communities.
Nationwide, casino gaming in the United States is a $240 billion industry that supports 1.7 million jobs and generates $38 billion in federal, state and local taxes, according to a study by Oxford Economics released last month. For more information about this study, please click here.
For more information about the Oxford Economics Mississippi study, view the report, methodology and fact sheet. The release of the Oxford Economics study is a key component of the AGA’s “Get to Know Gaming” campaign – an aggressive effort t
o promote the value of the gaming industry, combat outdated stereotypes and pave the way for gaming’s next generation.