Industry suppliers generated a direct economic impact of US$17 billion, and a total impact of US$44.4 billion, in 2021, a new report by the Association of Gaming Equipment Manufacturers (AGEM) has found.
The report, titled Impact Analysis: Global Gaming Supplier Industry, 2021, was conducted by Nevada-based research firm Applied Analysis on AGEM’s behalf, found that the US$17 billion of direct economic impact was complemented by US$11.4 billion in indirect economic impact and another US$16.1 billion in induced impact.
Value-added impact of US$24.3 billion was 16.8% higher than in 2020.
Gaming industry suppliers also supported around 192,000 employees, including 68,000 direct employees, with the total of US$17 billion in wages and salaries paid representing a 14.7% increase over the prior year.
“The gaming supplier story is one of innovation, technology and global reach. The ripple effect of this industry is something all our member companies can be proud of,” said AGEM Executive Director Daron Dorsey.
“Globally, the gaming supplier industry is a key source of technological innovation and advanced manufacturing investment. We are exporting valuable, legal products to meet high consumer demand in regulated gaming jurisdictions worldwide, with economic impacts and operations that fit well with objectives of key stakeholders in terms of economic expansion and opportunity.”
The report also found that 55.6% of member suppliers surveyed had increased their workforce from 2020, with 43% anticipating further increase.
According to AGEM, the report reflects the most comprehensive review to date of the global gaming supplier industry that analyzes the size and scope of the sector, “specifically identifying AGEM members’ global reach spanning every regulated gaming market in the world.”
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