The Oxford Economics study, commissioned by the American Gaming Association, has released its report about the commercial gaming industry in Michigan, which includes three state-regulated casinos in Detroit and 23 Native American casinos. The study found that gaming in the state had a total economic impact of .8 billion in 2013, including nearly 7 million in total labor income. In addition, the industry supports one out of every 239 jobs statewide. Without those 17,000 jobs, the state’s unemployment rate would increase by 1 percentage point. In November it was 6.7 percent.
In addition, the study indicated Michigan’s commercial gaming industry generated $730 million in total tax revenues in 2013, with $306 million in gaming taxes going toward municipal services. The balance of $424 million included sales, income and other taxes.
For the first 11 months of November 2014, Detroit’s three casinos reported total revenue of more than $1.2 billion, generating tax revenues of $98.3 million.
