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4/2/2012

Iowa's Commercial Casinos Have Over a $1 Billion Impact on the State

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A new report, "Statement of Economic Impact on the State of Iowa," was recently released by the Iowa Racing and Gaming Commission (IRGC). The data is a clear indicator of the significant benefit the 18 casino businesses provide to Iowa's economy, and it shows how they add value to the state's entertainment and tourism industry. This Economic Impact report highlights the Iowa percentage to the overall cumulative total in the far left column; which indicates the annual sum for the past four years has been over $1 billion!

Every year, the IRGC releases economic data regarding the gaming industry. The IRGC tracks the annual numbers for the licensed commercial casino's employee wages and benefits, Buy Iowa First purchases, charitable contributions and taxes paid.

Some key points to note from the figures include:
  • In 2011, over $392 million was paid in taxes at the local, county, state, and federal levels, which is more than $3 million than was paid in 2010, and $10 more than in 2009.
  • Casinos paid nearly $274 million in employee wages and benefits in 2010, which was $8 million more than in 2010.
  • The industry's Buy Iowa First Program purchased nearly 87% in eligible products and services from Iowa-based companies.
  • Casinos are committed to making our State an even better place to live by making charitable contributions and donations to the non profit license holder, or contributing to city or county projects. In 2011, casinos contributed over $84 million.
To view other IRGC economic Impact reports, click on the following links:
2008  |  2009  |  2010  |   2011

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