South Florida Sun-Sentinel


previous Previous entry: One newspaper insert good for a Mini Cooper
previous Next entry: Michael Mayo weighs in on gambling

Back to main page

Gambling industry hangs on in tough economy

The national gambling industry's trade association says revenue and jobs fell last year as Americans became less willing to risk their money, according to The Associated Press.

A study released Monday by the American Gaming Association found revenue nationwide was down 4.7 percent in 2008 to $32.5 billion. The year before, revenue had increased by 5.3 percent.

The nation has more than 1,600 casinos, slot parlors and other gambling halls. The number of casino jobs fell 1 percent to more than 357,000.

The gambling halls paid $5.7 billion in taxes to state and local governments last year. That's down slightly from $5.8 billion the year before.

One-quarter of the adult U.S. population visited a casino in 2008.

I participated in the AGA's press conference, and didn't get that much out of it that would affect us, although I'll likely save some of their findings and roll them into other stories.

POSTED IN: News (246)

Discuss this entry

TrackBack

TrackBack URL for this entry:
http://blogs.trb.com/cgi-bin/mt/mt-t.cgi/148084

Post a comment

To help keep spam off our site, please enter the letter "a" in the field below:

About This Blog

Maybe you've made the right play, maybe you haven't. Your heart speeds up, your stomach rumbles.

That's why it's called gambling.

ACTION is a view of the numbers, the psychology and the flavor of gambling here in South Florida, through our lens.

We do have one sure bet. There's something here for you.

NICK SORTAL began playing 3-card "gut" and "Indian poker" on high school band trips, early training for his... < More >
Powered by Movable Type 3.36
Hosted by LivingDot

Add Action to Technorati Favorites