Sep 29, 2014 12:19 PM
Report: Gambling industry paid out $38B in taxes
The Associated Press
LAS VEGAS (AP) Gambling officials say the industry paid out a jackpot-worthy $38 billion in federal, state and local taxes in 2013.
It's the first time the American Gaming Association has added tribal casinos and casino game makers into the mix for its annual study of the industry's impact in the U.S. The Associated Press obtained a copy of the report's tax revenue figures before its release Tuesday.
Of that total tax revenue, $10 billion came directly from gambling. Worker income and Social Security taxes as well as casino property taxes, and more, accounted for the rest.
Gaming association president Geoff Freeman is expected to reveal gambling's total economic impact at a Tuesday press conference. The announcement comes as the association's annual G2E conference and trade show kicks off at the Sands Expo and Convention Center off the Las Vegas Strip.