The most recent report from the American Gaming Association (AGA) revealed that Michigan’s 27 commercial and tribal casinos represent an annual economic impact of $ 6.3 billion for the state.
Properties jointly registered 37,911 jobs and paid heathens annually in the order of $ 2.1 billion. In addition, it will generate finances as well as generating $ 1.3 million in state and local taxes, the report, released when Detriot’s three commercial casinos prepare to reopen after the new coronavirus blockade (Covid-19).
“The report shows the importance of casino gaming in Michigan’s economy and, consequently, the importance of gaming for the state’s economic revival,” the organization said.
According to the AGA, the closure of Michigan casinos between mid-March and early August “deprived state and local governments of $ 114.1 million in gaming tax revenue.” Of this $ 46.7 million could have been earmarked for state education and another $ 67.8 million to other local initiatives in Detroit.
“Communities across Michigan rely on games for good jobs, partnerships, and tax revenues. The safe reopening of Michigan casinos is vital to getting back on your feet in the Great Lake,” AGA acknowledged.
Another point examined in the report was the impact of casinos on the state’s nonprofit organizations. Workers in the gaming industry in the United States contribute more than 422,000 hours of volunteering annually. While at MGM Grand Detroit, nearly 1,900 employees contributed 28,000 hours of their time over the past seven years, the report noted.
“Some of our biggest supporters come from the gaming industry. There have literally been hundreds, and may even be miles, of volunteers who have taken their time to give back to the community,” said Gleaners Community Food Bank President and CEO, Gerry Brisson.
Regarding the state’s tribal casinos, the report noted that they are “helping thousands of Native American families, businesses, and communities to prosper, diversify, and build for the future.”
The report cited the FireKeepers Casino Hotel case in Battle Creek, where a portion of the proceeds goes to public safety. Also to improve infrastructure and parks, raise the educational level and support professional careers in the city.
In July, the Michigan Gaming Control Board reported that the revenue of the state’s three commercial casinos was $ 299.2 million during the first half of 2020. This is 59.3% less than last year.
Michigan casinos will be able to reopen this Wednesday, August 5, but they will only be able to allow 15% of their full capacity players.