A report issued by the Association of Gaming Equipment Manufacturers last month demonstrated the huge economic impact that suppliers to the gaming industry have on the communities and their countries. In its annual “Industry Impact Analysis/Global Gaming Supplier” report for 2017, Las Vegas-based Applied Analysis demonstrated the power of the supply side of the gaming industry.
- Economic Output: The global gaming supplier industry directly generated approximately $18 billion in economic output during 2016. When the ripple effect of those impacts is considered, total output reached nearly $48 billion, which represented a 6.2 percent increase from 2015.
- Value Added: Limiting the impact to the amount of value added, the total impacts (including indirect and induced) equated to $23 billion in 2016 (+5.8 percent).
- Wages and Salaries: Employers paid nearly $5 billion in direct wages to employees, which translated into over $14 billion in total earnings within the economy in 2016.
- Employment: Direct jobs in the industry totaled over 55,000, and the multiplier effect resulted in more than 212,000 positions around the globe in 2016 (+5.6 percent).
For a full copy of the report, visit the AGEM website at AGEM.org.