US gambling industry in 2019
Gambling industry in America after the abolition of PASPA has risen to the next stage of its development. The changes affected not only the procedural and technological components, but also the perception of gambling as the main form of entertainment.
Bill Miller, President and CEO of the American Gambling Association (AGA), believes that the main task of representatives of the gambling industry is to establish mutual understanding with government decision makers at all levels.
“It is necessary to convey authorities an understanding that gambling has a positive effect on the economy, and operators put the commitment to the principles of responsible gambling at the forefront. Since 20% of the current composition of the Congress is new, the AGA’s responsibility is to involve and inform congressmen about the industry’s development goals and the importance of respecting pluralism,” - Miller said.
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Based on this kind of reasoning, AGA sent an official letter to Capitol Hill, which described in detail the priorities of the gaming industry for 2019 and contained a brief overview of the current state of affairs in the gambling market. In addition, through such appeals, AGA members emphasize that they hope to promote strategic priorities together with the members of Congress.
One of the key problems, according to the president of the American Gambling Association, is the dominance of illegal gambling operators, which threaten the integrity of the sport, thereby hampering the organic development of legal sports betting. In addition, according to representatives of AGA, the anti-money laundering mechanism is problematic, whose effective work should ensure a high level of culture of compliance with state standards and requirements, as well as ease the unnecessary burden for the industry itself. Corporate tax policy should stimulate the flow of investment into the industry, and the introduction of smart technologies will not only reorganize the gambling industry, but also employ more Americans, as well as expand the client base of operators.
AGA is a national trading group that represents the American casino industry, whose value ranges from $261 billion. According to preliminary data, the American gambling market employs 1.8 million workers and generates more than $41 billion in tax revenue. The funds raised as tax deductions from gambling are redirected to important public needs - education, security maintenance and infrastructure projects.
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The AGA includes commercial and tribal casino operators, gambling solutions providers and other organizations of the gaming industry throughout the country. As an effective gambling industry leader, the organization works with a large number of interested parties in Washington State, as well as across the country, to ensure sound public policies that support development, innovation, and investment.
AGA members are large gambling companies that expand economic opportunities for representatives of smaller regional projects. According to AGA, such steps are necessary to maintain healthy competition in the market and strengthen the stability of the industry. In addition, the efforts of the organization around $300 million a year and directed to responsible gambling programs, thus supporting information systems, training and rehabilitation programs for Americans who are faced with gambling addiction.
In addition, gambling as a rapidly developing industry can provide career prospects for workers from different social sectors of the society, and also covers a wide range of professional skills.
Forecasts indicate that in the next decade, the industry will employ more than 62 thousand Americans. This will help support not only the working class, but also the middle class, providing an opportunity for career growth not only in Nevada and New Jersey, but throughout the country.
Currently, 42 licensed gambling operators work in various US states. In addition, employees of the gambling industry are involved in more than 200 different areas, including engineering, software development, law enforcement and innovative technologies.
38% of gambling industry employees are representatives of racial and ethnic minorities.
Miller summarizes: “In general, the gambling industry in the US is going through a significant period. Its development contributes to a qualitative change in attitudes towards gambling. For example, last year, 35% of Americans at least once visited a gambling establishment, this is more than a third of citizens. Nine out of 10 people in America consider gambling to be an acceptable form of entertainment, and 77% believe that the industry has a positive effect on the American labor market.”