Many may think that casinos are only in business to rake in the money, while that may partially be true.. the casino industry is a booming one that often times will benefit a community greatly. Gambling has been a part of the world for quite some time and is a big hit among adults for entertainment. There are casino located in most of the larger cities and many of the small ones too. Casinos in each state have their own regulations as far as legal age to play, what games are offered and whether or not alcohol and drinks are complimentary. Here is a look at how aside from a good time, casinos positively impact a community.
The casino industry here in the United States employs more people than the airline industry which is known to many as the biggest employers in the nation. The casinos currently employ around 570,000 people within their casinos and then there are another 200,000 government and outside jobs that pertain directly to the casinos. In addition to those jobs, there are other people who gain from working for a casino such as software companies and more. Each year, new casinos open and more jobs are up for grabs which helps the industry to grow.
Local employment can be boosted which means that the unemployment rate for the surrounding areas will be lower. The jobs offered at a casino include; dealing cards, working as a cashier, maintenance, food services and other hospitality jobs. The calling for skills can range from no further education or some that require extended college level education so there are jobs for just about anyone. Also, prior to the casino’s existence, there are ample construction jobs as most casinos being created these days are larger scale and resort style casinos.
Revenue & Taxes
On average, the casino industry brings in around $81 billion. This includes $30 billion from Native American casino operations. With this amount of revenue, the casinos will pay out around $38 billion in taxes. The money generated from tax payments goes into the communities including road improvement and education. From the casinos, there is a direct impact of $102 billion and when you calculate how much the employees are then spending and putting back into the economy with a grand total of $240 billion.
When we think about how much we spend at the casino, we don’t really consider how much we are actually doing with the money spent. The dollars that we spend, then go back into someone else’s pocket, circulating for more purchases and a well-rounded economy. While visiting a casino does not always mean gambling, players will find that there are many different ways to spend money at a casino such as nightlife and eateries throughout the casino.
On The Gaming Floor
As of late, casino gaming floors have been shrinking while the actual facilities are getting larger and more lavish. This is because the games are smaller in size than they once were. This means the players need less elbow room and more games can be placed on the casino floor. Because the gaming floors are smaller, this leaves more room for other amenities such as concert or comedy venues, upscale dining, food courts and even spas at some resort locations. With all of these new venues, the casinos are able to create more jobs as well as bring in more revenue to pay the adequate amount of taxes.
The Future of Casinos
While places like Atlantic City seem to be struggling, other places like Las Vegas are flourishing. Most of the casinos in Las Vegas or other gambling paradises are staying put with their marketing strategies. When it comes to other options, New Jersey is taking on a couple of different routes. For example, they are implementing online gaming. The online gaming started out as lounges and the ability to play from devices such as the TV within the hotel rooms at resorts. Taking that a bit further, the state legalized and began regulating online gambling for players to use their own computer, tablet or smart phone devices. This will continue to generate casino revenue but without the heavy overhead costs that casinos tend to carry.