The casino-gaming industry supports 50,000 small-business jobs nationwide and “thousands” of them are in New York, the Washington, D.C.–based American Gaming Association (AGA) said during a recent appearance at the Rivers Casino & Resort Schenectady as part of the American Gaming small-business jobs tour. The event was part of AGA’s “Get to Know Gaming” tour, which […]
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The casino-gaming industry supports 50,000 small-business jobs nationwide and “thousands” of them are in New York, the Washington, D.C.–based American Gaming Association (AGA) said during a recent appearance at the Rivers Casino & Resort Schenectady as part of the American Gaming small-business jobs tour.
The event was part of AGA’s “Get to Know Gaming” tour, which aims to educate communities about gaming’s role as a “community partner” in 40 states across the country, AGA said in a news release issued Sept. 19.
“Casino gaming is a strong community partner in New York and across the country where hundreds of thousands of small-business jobs are supported,” Geoff Freeman, president and CEO of AGA, said. “We are particularly proud of our support for minority and women-owned businesses and the unique opportunities that our industry makes possible.”
The casino industry is a $240 billion-a-year industry that supports 1.7 million jobs nationwide, according to the AGA. In New York, gaming employs 14,000 people, supports $827 million in wages and generates $3.6 billion in economic impact, the trade group said.
“Rivers Casino has fast become an important part of our community,” Schenectady Mayor Gary McCarthy said in the release. “Not only does the casino provide jobs, but the entire facility enhances the hard work we’ve put in to making downtown Schenectady a fun place to be and a great place to do business.
Report on small-business impact
Gaming’s “widespread” impact is felt in markets across the country, but has larger impacts in small- to mid-sized communities where local businesses work to “integrate” into gaming operations.
That’s according to a report that the AGA released in February.
In the report, entitled “The Gaming Industry’s Impact on Small Business Development in the United States,” researchers examined nearly a dozen U.S. gaming markets and assessed casino gaming’s direct and indirect impact on local, small businesses.
None of the markets were in New York, and the closest was in Plainville, Massachusetts.
Nationwide, the report concluded that the casino-gaming industry generates $52 billion in annual revenues for American small businesses and supports $13 billion in small-business employee wages.
In addition, $52 billion in annual small-business revenues target real estate, finance, health care, STEM, manufacturing, information technology, and other industries. STEM is short for science, technology, engineering, and mathematics.
The AGA says its members include commercial and tribal-casino operators, suppliers, and other entities affiliated with the gaming industry.