Impact of Services

After a long delay due to the pandemic, the Association of Gaming Equipment Manufacturers finally released an update on the impact suppliers have on the industry and society. As you might imagine, the years 2020 and 2021 were difficult, bounding back substantially in 2021. The sector demonstrated its ability to cover lost ground in 2021 by increasing overall economic activity with double-digit gains. While the results for 2022 have yet to be reported by key suppliers within the industry, the expectation is that the recovery trend continued in 2022.

• Economic Output: The global gaming supplier industry directly generated approximately $17 billion in economic output during 2021. When the ripple effects of those impacts are considered, total output reached over $44 billion.
• Value Added: Limiting the economic impact to the amount of value added, the total impacts (including indirect and induced) equated to $24 billion in 2021, an increase of 16.8 percent from the prior year.
• Wages and Salaries: Employers paid nearly $8 billion in direct wages to employees, while total earnings throughout the economy reached nearly $17 billion in 2021 (up 14.7 percent).
• Employment: Direct jobs in the industry reached nearly 68,000, and the multiplier effect resulted in nearly 192,000 positions around the globe in 2021 (up 4.2 percent).

The study was conducted by Applied Analysis of Las Vegas.