Entertainment industry contributes $2610 to the US economy

September 22, 2018
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According to a study released by the American Entertainment Association (AGA), Entertainment Expo contributed $261 billion to the US economy in 2017. This is undoubtedly a very impressive number, but it also gives people a frightening effect.


Oxford Economics conducted this research, the first such study since 2014. In 2017, the industry’s contribution of $261 billion to the US economy increased by 9.5% compared to the $240 billion generated in 2014. The entertainment industry in the United States also supports nearly 1.8 million jobs, a slight increase from the 2014 figure.


At the same time, the federal, and local governments have benefited from the tax revenue generated by entertainment activities by $40.8 billion. This figure has risen from the $38 billion found in the previous study.


Sara Slane, senior vice president of AGA's co-government, said: "Only taxes from the industry can provide enough funds to hire 692,000 new teachers."


“Since our last survey in 2014, the game has expanded into new markets, supplying innovative new music options and enhancing its position as a key contributor to the local and federal economy.”


No group can profit from the Supreme Court's ruling than the US field and Boss. For 25 years, Nevada has been the only one to approve sports, including individual events. Today, the country's sports blogs and local markets have a profitable infrastructure and track record in this outbreak. After the ruling of the Supreme Court, they began to celebrate and prepare for work.



Investors also like this news. As a result of the ruling, the US and entertainment stocks rose sharply. Caesars Entertainment shares rose 5.5% to $12.55; Churchill Downs rose 4.9%; VanEck Vectors Gaming ETF rose 2% on the same day as the S&P 500 index.