ND Charitable Gaming Economic Impact Analysis FY2022 Report
"Explore the economic impact analysis report of FY2022 North Dakota Charitable Gaming, revealing direct effects on revenue, contributions, jobs, labor income, and taxes. Discover the industry's impact on employment, total economic impact, and sales by sector alongside the input-output model used for analysis."
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Economic Impact Analysis of FY2022 North Dakota Charitable Gaming March 2024 Cullen F. Goenner, PhD Consultant Charitable Gaming Association of North Dakota
ND CHARITABLE GAMING Direct Effects (Fiscal year 2022) ADJUSTED GROSS REVENUES CHARITABLE CONTRIBUTIONS JOBS LABOR INCOME GAMING TAXES $222 Million $74 Million 2,100 Workers $71 Million $19.9 Million
ND CHARITABLE GAMING ND Employment Comparison Jobs Industry Machinery manufacturing Food manufacturing Oil and gas extraction Fabricated metal product manufacturing Wood product manufacturing Charitable gaming Mining (except oil and gas) Plastics and rubber products manufacturing Nonmetallic mineral product manufacturing Computer and electronic product manufacturing 6154 5054 2421 2175 2153 2100 1985 1568 1228 1224 Source: Bureau of Economic Analysis (2021)
ND CHARITABLE GAMING Input-output model and the EconomicMultiplier The total economic impact an industry contributes to the economy is determined by using an input- output model, which links the direct effects from an industry s operations to the changes in the state s economy that are attributable to this activity. INDIRECT INDUCED DIRECT Impact of charitable gaming operations. Household spending of employees tied to direct and indirect effects Suppliers of intermediate goods and services needed for gaming operations.
ND CHARITABLE GAMING Total Economic Impact on North Dakota TOTAL SALES JOBS LABOR INCOME TAXES $330 Million 3,065 Workers $108 Million $35 Million
ND CHARITABLE GAMING Industry Impact $220 million total impact on Arts, Entertainment, and Recreation Impact on Sales by Industry (millions of $) Finance & Insurance Real Estate & Rental Health & Social Services Professional Services Information Retail trade Utilities Accom. & Food Services Admin. & Waste Services Indirect Induced Other Services 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0
ND CHARITABLE GAMING Statewide Direct Impact on Sales Per Capita Population (2020) 2395 2282 5332 4091 3396 3015 3706 9770 2202 2306 184,528 Sales Per Capita $597 $582 $531 $526 $509 $494 $492 $487 $477 $471 $225 County Kidder Renville McHenry Lamoure Foster Nelson Cavalier Mclean Divide Griggs Cass Sales $ 1,430,849 $ 1,327,682 $ 2,828,907 $ 2,151,374 $ 1,729,382 $ 1,489,742 $ 1,823,122 $ 4,754,073 $ 1,049,694 $ 1,086,482 $ 41,453,672
ND CHARITABLE GAMING Impact on Tax Revenue FY 2022 State and Local Taxes ND Gaming Taxes Personal Income Sales tax Property Federal Taxes Personal Income Indirect Business Tax Social Security (FICA) $34,533,799 $19,856,122 $916,877 $8,624,819 $5,135,981 $19,264,617 $6,151,495 $1,306,673 $11,806,449 Total Taxes $53,798,416
