AGEM report shows gaming manufacturers generate $59.9bn in economic impact
Suppliers to the global gaming industry generated a significant and improved total economic impact of almost $60bn in 2023, according to a comprehensive report released today by the Association of Gaming Equipment Manufacturers (AGEM).
The supplier industry’s value-added economic impact rose 7.5 per cent v. 2022, to $32bn. Further, gaming industry suppliers supported approximately 225,000 employees, including 77,000 direct employees, with a total of $21bn in wages and salaries, up 11.8 per cent over the prior year.
The report, ‘Impact Analysis: Global Gaming Supplier Industry,’ shows the findings of an independent study commissioned by AGEM and conducted by Nevada-based research firm Applied Analysis.
While the impact of the global gaming industry spans domestic and international markets, companies doing business in Nevada generated $10.6bn in direct global economic output ($27.9bn in total output). Other impact measures include $15.1bn in total value added, $6.6bn in wages and salaries and over 71,000 employees for companies that have operations in Nevada.
The global gaming supplier industry directly generated approximately $23bn in economic output during 2023. When the ripple effect of those impacts is considered, total output reached nearly $60 billion, which represented an 8.1 percent increase from 2022.
Limiting the economic impact to the amount of value added, the total impacts (including indirect and induced) equated to $32bn in 2023, an increase of 7.5 percent from the prior year.
Employers paid nearly $10bn in direct wages to employees, while total earnings throughout the economy reached nearly $21bn in 2023 (+11.8 percent).
Direct jobs in the industry reached over 77,000, and the multiplier effect resulted in nearly 225,000 positions around the globe in 2023 (+9.0 percent)
“The gaming supplier industry continues to be a global success story. AGEM’s member companies remain a critical source of technology, innovation, advanced manufacturing, economic development and workforce investments within regulated gaming jurisdictions around the world.” said AGEM President & CEO Daron Dorsey. “The most recent economic impact study shows our members are resilient in the face of global challenges and will continue delivering products, technologies and services to customers and consumers alike while remaining invested in the long-term success of their local communities.”
The report reflects a recurring update and the most comprehensive review to date of the global gaming supplier industry that analyzes the size and scope of this technology-driven sector, specifically identifying AGEM members’ global reach spanning every regulated gaming market in the world.
