Integrity

Tribal Casino Closures Lose 300k Jobs and $4 Billion

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by , 22 April 2020 at 6:39 pm (1072 Views)
We knew that Tribal casino closures were taking a tremendous toll on people and the economy, and now we have the numbers. The [URL="https://www.thisweekingambling.com/las-vegas-coronavirus-changes-are-coming/"]Coronavirus[/URL] 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 [URL="https://www.thisweekingambling.com/tribal-casino-closures-lose-300k-jobs-and-4-billion/"]This Week in Gambling[/URL].

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.