How The Gambling Industry Is Helping Pay The Bills In 13 US States

Blackjack cards casino gambling

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Casinos had a rough couple of years following the latest U.S. recession, but the numbers are turning up.According to a new report from the American Gaming Association titled “State of the States: The 2012 AGA Survey of Casino Entertainment,” casinos in the U.S. brought in a total of $35.64 billion of revenues in 2011 and “returned $7.93 billion of those revenues to states and localities in the form of direct gaming taxes — a 4.5 per cent increase over 2010 totals.”

13 out of the 22 states in which casinos are legal posted increases in tax revenues year over year.

Some of the increases were due to new casino openings – the report says that “in Maryland, the addition of a second casino and the first full year of operations at the first drove a 464.2 per cent increase. New casinos in Kansas and New York led to increases of 38.0 per cent and 17.9 per cent, respectively.”

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[slide
permalink=”maryland-4642-tax-revenue-growth-1″
title=”Maryland, 464.2% tax revenue growth”
content=”Number of casinos: 2

Number of people employed: 290

Total tax revenue raised: $90 million

Tax revenue growth from a year ago: 464.2 per cent

How the taxes are spent: Education trust fund, local impact grants, small, minority- and women-owned businesses

Legal since: 2008

Source: AGA
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[slide
permalink=”kansas-380-tax-revenue-growth-2″
title=”Kansas, 38.0% tax revenue growth”
content=”Number of casinos: 2

Number of people employed: N/A

Total tax revenue raised: $13 million

Tax revenue growth from a year ago: 38.0 per cent

How the taxes are spent: State debt reduction, infrastructure improvements, property tax relief, problem gambling treatment

Legal since: 2007

Source: AGA
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[slide
permalink=”new-york-156-tax-revenue-growth-3″
title=”New York, 15.6% tax revenue growth”
content=”Number of casinos: 9

Number of people employed: 5,082

Total tax revenue raised: $593 million

Tax revenue growth from a year ago: 15.6 per cent

How the taxes are spent: Education

Legal since: 2001

Source: AGA
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[slide
permalink=”pennsylvania-96-tax-revenue-growth-4″
title=”Pennsylvania, 9.6% tax revenue growth”
content=”Number of casinos: 10

Number of people employed: 13,050

Total tax revenue raised: $1.46 billion

Tax revenue growth from a year ago: 9.6 per cent

How the taxes are spent: Property tax relief, economic development, tourism, horse racing industry, host local government

Legal since: 2004

Source: AGA
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[slide
permalink=”oklahoma-64-tax-revenue-growth-5″
title=”Oklahoma, 6.4% tax revenue growth”
content=”Number of casinos: 2

Number of people employed: 905

Total tax revenue raised: $18 million

Tax revenue growth from a year ago: 6.4 per cent

How the taxes are spent: Education

Legal since: 2004

Source: AGA
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[slide
permalink=”west-virginia-64-tax-revenue-growth-6″
title=”West Virginia, 6.4% tax revenue growth”
content=”Number of casinos: 5

Number of people employed: 4,475

Total tax revenue raised: $406 million

Tax revenue growth from a year ago: 6.4 per cent

How the taxes are spent: Education, senior citizens, tourism

Legal since: 1994

Source: AGA
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[slide
permalink=”iowa-53-tax-revenue-growth-7″
title=”Iowa, 5.3% tax revenue growth”
content=”Number of casinos: 18

Number of people employed: 9,384

Total tax revenue raised: $322 million

Tax revenue growth from a year ago: 5.3 per cent

How the taxes are spent: Infrastructure, schools and universities, the environment, tourism projects, cultural initiatives, general fund

Legal since: 1989

Source: AGA
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[slide
permalink=”illinois-50-tax-revenue-growth-8″
title=”Illinois, 5.0% tax revenue growth”
content=”Number of casinos: 10

Number of people employed: 7,911

Total tax revenue raised: $489 million

Tax revenue growth from a year ago: 5.0 per cent

How the taxes are spent: Education assistance, local government

Legal since: 1990

Source: AGA
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[slide
permalink=”rhode-island-42-tax-revenue-growth-9″
title=”Rhode Island, 4.2% tax revenue growth”
content=”Number of casinos: 2

Number of people employed: N/A

Total tax revenue raised: $309 million

Tax revenue growth from a year ago: 4.2 per cent

How the taxes are spent: General fund

Legal since: 1992

Source: AGA
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[slide
permalink=”nevada-36-tax-revenue-growth-10″
title=”Nevada, 3.6% tax revenue growth”
content=”Number of casinos: 256

Number of people employed: 174,381

Total tax revenue raised: $865 million

Tax revenue growth from a year ago: 3.6 per cent

How the taxes are spent: Education, local governments, general fund, problem gambling programs

Legal since: 1931

Source: AGA
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[slide
permalink=”michigan-30-tax-revenue-growth-11″
title=”Michigan, 3.0% tax revenue growth”
content=”Number of casinos: 3

Number of people employed: 7,303

Total tax revenue raised: $321 million

Tax revenue growth from a year ago: 3.0 per cent

How the taxes are spent: Public safety, capital improvements, youth programs, tax relief, neighbourhood development and improvement, infrastructure repair and improvement

Legal since: 1996

Source: AGA
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[slide
permalink=”new-mexico-06-tax-revenue-growth-12″
title=”New Mexico, 0.6% tax revenue growth”
content=”Number of casinos: 5

Number of people employed: 1,447

Total tax revenue raised: $65 million

Tax revenue growth from a year ago: 0.6 per cent

How the taxes are spent: General fund, problem gambling treatment

Legal since: 1997

Source: AGA
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[slide
permalink=”louisiana-02-tax-revenue-growth-13″
title=”Louisiana, 0.2% tax revenue growth”
content=”Number of casinos: 18

Number of people employed: 17,207

Total tax revenue raised: $573 million

Tax revenue growth from a year ago: 0.2 per cent

How the taxes are spent: General fund, city of New Orleans, public retirement systems, state capital improvements, rainy day fund

Legal since: 1991

Source: AGA
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[slide
permalink=”unfortunately-14″
title=”Unfortunately…”
content=””
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[slide
permalink=”missouri-03-tax-revenue-growth-15″
title=”Missouri, -0.3% tax revenue growth”
content=”Number of casinos: 12

Number of people employed: 10,435

Total tax revenue raised: $485 million

Tax revenue growth from a year ago: -0.3 per cent

How the taxes are spent: Education, local public safety programs, compulsive gambling treatment, veterans’ programs, early childhood programs

Legal since: 1993

Source: AGA
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[slide
permalink=”indiana-33-tax-revenue-growth-16″
title=”Indiana, -3.3% tax revenue growth”
content=”Number of casinos: 13

Number of people employed: 14,079

Total tax revenue raised: $846 million

Tax revenue growth from a year ago: -3.3 per cent

How the taxes are spent: Economic development, local government

Legal since: 1993

Source: AGA
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[slide
permalink=”maine-37-tax-revenue-growth-17″
title=”Maine, -3.7% tax revenue growth”
content=”Number of casinos: 1

Number of people employed: 364

Total tax revenue raised: $29 million

Tax revenue growth from a year ago: -3.7 per cent

How the taxes are spent: Education, health care, agriculture, gambling control board administration, city of Bangor

Legal since: 2004

Source: AGA
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[slide
permalink=”mississippi-39-tax-revenue-growth-18″
title=”Mississippi, -3.9% tax revenue growth”
content=”Number of casinos: 30

Number of people employed: 23,721

Total tax revenue raised: $274 million

Tax revenue growth from a year ago: -3.9 per cent

How the taxes are spent: Housing, education, transportation, health care services, youth counseling programs, local public safety programs

Legal since: 1990

Source: AGA
image=”http://static.businessinsider.com/image/5021346069bedd4b0b000003″
caption=””
credit=””
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[slide
permalink=”colorado-45-tax-revenue-growth-19″
title=”Colorado, -4.5% tax revenue growth”
content=”Number of casinos: 40

Number of people employed: 9,263

Total tax revenue raised: $102 million

Tax revenue growth from a year ago: -4.5 per cent

How the taxes are spent: Local communities, historic preservation, community colleges, general fund

Legal since: 1990

Source: AGA
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caption=””
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[slide
permalink=”south-dakota-50-tax-revenue-growth-20″
title=”South Dakota, -5.0% tax revenue growth”
content=”Number of casinos: 35

Number of people employed: 1,647

Total tax revenue raised: $16 million

Tax revenue growth from a year ago: -5.0 per cent

How the taxes are spent: 50% commission fund; 40% Department of Tourism; 10% Lawrence County

Legal since: 1989

Source: AGA
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caption=””
credit=””
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]
[slide
permalink=”delaware-53-tax-revenue-growth-21″
title=”Delaware, -5.3% tax revenue growth”
content=”Number of casinos: 3

Number of people employed: 2,730

Total tax revenue raised: $230 million

Tax revenue growth from a year ago: -5.3 per cent

How the taxes are spent: General fund

Legal since: 1994

Source: AGA
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caption=””
credit=””
credit_href=””
]
[slide
permalink=”florida-64-tax-revenue-growth-22″
title=”Florida, -6.4% tax revenue growth”
content=”Number of casinos: 5

Number of people employed: 2,601

Total tax revenue raised: $144 million

Tax revenue growth from a year ago: -6.4 per cent

How the taxes are spent: Statewide education

Legal since: 2006

Source: AGA
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caption=””
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[slide
permalink=”new-jersey-91-tax-revenue-growth-23″
title=”New Jersey, -9.1% tax revenue growth”
content=”Number of casinos: 11

Number of people employed: 32,823

Total tax revenue raised: $278 million

Tax revenue growth from a year ago: -9.1 per cent

How the taxes are spent: Senior citizens, disabled, economic revitalization programs

Legal since: 1976

Source: AGA
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[slide
permalink=”check-out-what-people-are-actually-betting-on-24″
title=”Check out what people are actually betting on”
content=”11 Fascinating Alternative Economic And Financial Bets >
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[/slideshow]