Integrity

Tribal Casino Closures Lose 300k Jobs and $4 Billion

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by , 22 April 2020 at 5:39 pm (548 Views)
We knew that Tribal casino closures were taking a tremendous toll on people and the economy, and now we have the numbers. The Coronavirus has put nearly 300,000 people employed by Tribal gaming out of work at a cost of over $4 billion in lost revenue.

Meister Economic Consulting stated that following just the two week full closure of tribal casinos that $4.4 billion was lost in economic activity. That figure includes $969 million in lost wages, and $631 million in lost taxes and revenue sharing received by federal, state, and local governments.

The stoppage of business also directly impacted tribal casinos to the tune of $1.5 billion in lost gaming revenue, and put 296,000 people out of work. You can read more on the Tribal casino closures and their impact at This Week in Gambling.

Comments

  1. Robbie Billiams's Avatar
    You must always keep abreast of the pulse, I think all the capital if land-based casinos have such funds should be allowed to create a new model of the gaming industry.