DES MOINES — An industry-commissioned study has found that Iowa’s 18 state-licensed gaming casinos account for $2.5 billion in economic activity, support 16,798 jobs that pay nearly $742 million in wages and generate $726 million in federal, state, and local tax revenues — including $321.6 million in state gaming taxes.The 28-page report conducted by Oxford Economics for the American Gaming Association attempted to measure the gambling industry’s ripple effect on Iowa’s supply chain, including local businesses, and its support for a wide range of government services across the state.“I think it really confirms that the Iowa casinos are a viable part of Iowa’s economy and adding a lot of value to the state’s entertainment and tourism industries,” said Wes Ehricke of the Iowa Gaming Association.
Similar Stories to Iowa Casino Industry Touts Economic Benefits Of Casinos Described By Study on Bing News
Local News from TheGazette.com, The Gazette (Cedar Rapids)
Thu, 12/18/2014 - 10:46am
Sections: u.s.
Topics: Iowa Linn County Cedar Rapids
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