iGaming Industry
AGA releases first-ever state-by-state analysis of tribal gaming’s economic impact
Groundbreaking study released at Get to Know Gaming event with Tribal gaming members, local small businesses and Congressmen Tom Cole and Markwayne Mullin
The casino gaming industry supports 635,000 tribal gaming jobs and has an economic impact of nearly $97 billion, the American Gaming Association (AGA) announced today during a roundtable discussion with gaming leaders in Oklahoma City.
Tuesday’s event, part of AGA’s Get to Know Gaming (G2KG) campaign, aims to educate communities about gaming’s role as a community partner in 40 states across the country.
“Casino gaming is a strong community partner throughout Oklahoma and across the 40 states where our industry operates,” said Geoff Freeman, president and CEO of the AGA. “As tribal and commercial operators continue to work together, our industry will continue to grow in the years to come.”
The report, The Economic Impact of Tribal Gaming: A First-Ever State-by-State Analysis, found that Tribal gaming generates over $33 billion in employee wages and generates $16 billion in taxes and direct payments to federal, state and local governments.
“Since the passage of the Indian Gaming Regulatory Act (IGRA) in 1988, tribal gaming has grown 300-fold from a $121 million segment of the U.S. gaming industry, consisting of small bingo halls and gaming facilities, to a $30 billion plus segment in 28 states,” the report states.
Tuesday’s roundtable included Congressman Tom Cole (OK-4); Congressman Markwayne Mullin (OK-2); Matthew Morgan, Chickasaw Nation; Sheila Morago, Executive Director, Oklahoma Indian Gaming Association; Russell Evans, Executive Director, Stevens C. Agee Economic Research and Policy Institute (ERPI); and Mark Fulton, Chief Operating Officer, Cherokee Nation Entertainment.
The event follows recent research from Oxford Economics that shows a legal, regulated sports betting market could bring as much as $606 million in economic output to Oklahoma’s economy, support up to 4,076 jobs and generate up to $124 million in tax revenue. This research comes just as the Supreme Court has decided to hear the challenge to the federal sports betting ban later this year.
Earlier this year, AGA released a report, The Gaming Industry’s Impact on Small Business Development in the United States, that examined nearly a dozen U.S. gaming markets and assessed casino gaming’s direct and indirect impact on local, small businesses. Researchers from Spectrum Gaming Group concluded that gaming’s widespread impact is felt in markets across the country, but has larger impacts in small to mid-sized communities where local businesses work to integrate into gaming operations.
Nationwide, the small business report concluded that the casino gaming industry generates $52 billion in annual revenues for American small businesses and supports $13 billion in small business employee wages. In addition, $52 billion in annual small business revenues go toward real estate, finance, health care, STEM, manufacturing, information technology and other industries.
About AGA:
The American Gaming Association is the premier national trade group representing the $240 billion U.S. casino industry, which supports 1.7 million jobs in 40 states. AGA members include commercial and tribal casino operators, suppliers and other entities affiliated with the gaming industry. It is the mission of the AGA to be the single most effective champion of the industry, relentlessly protecting against harmful and often misinformed public policies, and paving a path for growth, innovation and reinvestment.…
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Source: EEGaming.
BetConstruct, a global leader in the iGaming industry, is going to showcase its cutting-edge solutions at the highly anticipated Global Gaming Expo (G2E), taking place from October 7-10.
As the premier event for the global gaming industry, G2E serves as a hub for innovation, driving growth by bringing together industry professionals from around the world to foster business opportunities.
Taking place at The Venetian Expo in Las Vegas, this all-in-one event features both an education program from October 7-10 and an expansive expo hall running from October 8-10.
BetConstruct’s stand is 5230, where the team will showcase an exciting range of products, including the newly launched the Last Battle, a novel loyalty system that is the byproduct of BetConstruct’s commitment to innovation. The company will also demonstrate its comprehensive Sportsbook and Casino Suite, along with DECA, its next-level decentralised casino platform, and Umbrella, an AI-powered risk management solution. These offerings are designed to meet the needs of a diverse range of operators, ensuring seamless and engaging experiences for players across the regulated market.
Amusnet has announced its participation in the 23rd edition of G2E Las Vegas (Global Gaming Expo) at The Venetian Expo from October 7-10. As one of the largest expos globally, G2E provides a platform for the company to showcase products across its Online Casino, Live Casino, and Land-based verticals, positioning Amusnet as a prominent all-casino provider in the competitive iGaming industry.
“We are excited to attend G2E Las Vegas 2024 to present our latest online casino portfolio and Type S slot cabinets: our first-ever product series for Land-based casinos, designed to offer a competitive edge by combining Amusnet’s top-notch game portfolio with an immersive player experience. Our focus is on delivering solutions that maximize performance and cater to the evolving needs for both online and land-based casinos,” said Borislav Marinov, Head of Business Development, Land-based, at Amusnet.
Alongside its technical excellence, the premium Type S series showcases the company’s award-winning titles, including 20 Golden Coins, Extra Crown, Fruits & Gold, and Cocktail Rush. It also features Amusnet’s popular four-level bonus game, Jackpot Cards, along with other exciting features like Free Spins, Buy Bonus, Pick Me Bonus, and Symbol Upgrade.
Amusnet will host an activation featuring its premium slot cabinets at the upcoming expo, offering attendees the opportunity to experience the thrill of Type S in real time and win exciting gifts.
SoftGamings, the market leader in iGaming solutions and services, announced the arrival of the Tobique Gaming License on the market. The move reflects the company’s commitment to enhancing regulatory compliance and expanding its footprint in the competitive iGaming industry.
Tobique Gaming, managed by the Tobique First Nation in western New Brunswick, Canada, oversees the issuance of online gambling licenses through the Tobique Gaming Commission (TGC) — a regulatory body established under the Tobique Gaming Act of 2023. This initiative is known for its stringent standards and emphasis on responsible gaming. Furthermore, it promotes economic development within the Tobique First Nation community.
The Tobique Gaming license provides operators an entry point into the online gaming and gambling industries. With it, businesses and iGaming operators can conduct operations in various global regions and offer multiple services, from betting to casino games and lottery promotions. The best of all is the streamlined application process, which lasts only 4 to 6 weeks.
SoftGamings is fully prepared to support clients and those interested in obtaining this license. Leveraging its innovative technology and diverse game portfolio, SoftGamings is ready to support clients in navigating the application process and leveraging the benefits of the Tobique Gaming License. The company’s comprehensive services include game development, casino management systems, and payment integrations, making SoftGamings a preferred partner for numerous operators and developers worldwide.
Consequently, helping the clients obtain the Tobique Gaming license and being an entry point represents a significant milestone in SoftGamings’ ongoing efforts to refine its service offerings, maintain the highest standards of gaming integrity, and bolster its regulatory standing. As the company moves forward with this licensing process, it anticipates a positive impact on its operations and continued success in delivering exceptional gaming solutions to its global clientele.
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