According to the 2023 LIGHT (Leadership in Gaming and Hospitality Tax) report, Atlantic City casinos contributed a staggering $682 million in taxes and supported over 22,000 jobs in the state of New Jersey. The report, which was released by the American Gaming Association (AGA), highlighted the significant economic impact that the gaming industry has on the Garden State.
The $682 million in tax revenue generated by Atlantic City casinos represents a 3% increase from the previous year, showcasing the steady growth of the industry. These tax dollars are crucial for supporting various public services and programs throughout the state, including education, healthcare, and infrastructure projects. In addition to the tax revenue, the gaming industry also supported over 22,000 jobs in 2023, providing opportunities for individuals in a variety of sectors including hospitality, food and beverage, entertainment, and more.
The LIGHT report also highlighted the positive impact that the gaming industry has on local communities in Atlantic City. Casinos in the area contribute to the revitalization of the city, attracting tourists and visitors from around the world. This influx of visitors helps support local businesses, restaurants, and hotels, creating a vibrant and thriving economy in the region.
In response to the findings of the report, AGA President and CEO Bill Miller emphasized the importance of the gaming industry in driving economic growth and job creation in New Jersey. He stated, “The gaming industry is a vital contributor to the state’s economy, providing millions of dollars in tax revenue and supporting thousands of jobs. Atlantic City casinos continue to be a key driver of economic development in the region, and we are excited to see the industry’s continued success in the years to come.”
Overall, the 2023 LIGHT report underscores the significant impact that Atlantic City casinos have on the economy of New Jersey. With billions of dollars in revenue, thousands of jobs, and a positive effect on local communities, the gaming industry in the state continues to be a powerhouse in driving economic growth and prosperity.
