This report examines the contribution of New Jersey’s casino resort industry to the New Jersey economy. in 2008 New Jersey’s casino resort industry supported nearly 101,500 jobs, about 2.0 percent of the 5.2 million New Jersey jobs counted by the U.S. Bureau of Economic Analysis that year. It also generates over $11.8 billion annually in spending and 4.2 billion in payroll for the state. Given this level of contribution, the casino industry is responsible for far more New Jersey jobs than the state’s Chemical manufacturing industry, which is composed of the pharmaceutical companies and petroleum refineries (among others) for which the New Jersey is well-known. Jobwise, it is also larger than the Federal government’s military presence within the state. Moreover, it is nearly as large as two of the state’s highly valued supersectors: the Arts and entertainment supersector and the Information supersector. The latter includes telecommunications manufacturing, broadcasting, internet services, other computer services, and publishing. Moreover, the casino resort industry itself, when separated from its attenuating effects, employs more New Jersey residents than the investment and pharmaceutical industries which continue to be heralded as the roadway to state’s economic future. It also employs more residents than the state’s well-known transit industry and military sector.
The Contribution of the Casino Hotel Industry to New Jersey’s Economy
Lahr, Michael, Hincken, Garrett, Chao, Jessica, and Azhar, Naheed. 2010. The Contribution of the Casino Hotel Industry to New Jersey’s Economy. Submitted to: The Casino Association of New Jersey. Published by R/ECON™ and the Center for Urban Policy Research.