US casino revenues up

Gambling revenues at US commercial casinos are at a record $32.4 billion for 2006, up by 6.8 per cent, according to a survey by the American Gaming Association (AGA).

The survey took data from 460 casinos across eleven states.

The level of employment in the industry also rose, up by 3.2 per cent from a year earlier to 266,197 people. Casinos also contributed $5.2 billion in gambling taxes to state and local authorities, a 5.5 per cent increase.

'The industry's performance in 2006 upholds our ongoing legacy of providing good jobs, making significant tax contributions and fostering positive economic environments in the communities where we operate,' said Frank Fahrenkopf Jr., president of the AGA.

Revenues from casinos at racetracks also showed a marked improvement, rising 16 per cent to $3.6 billion for 2006.

Unsurprisingly, Nevada was the leading state in terms of revenue, generating $12.6 billion. New Jersey was next at $5.2 billion followed by Indiana at $2.6 billion, Mississippi at $2.6 billion, Louisiana also at $2.6 billion and Illinois at $1.9 billion.

The survey did not collect data from 372 American Indian casinos across 28 states, 713 card rooms in five states and 11,567 video lottery terminal locations in six states.

Editor, - 2007-05-09 11:30:57

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