Gambling Creates Over 4,000 New Jobs
Friday, August 13th, 2010One of the biggest problems the recession created was the jobless rate. Record numbers were reached during the height of the recession and now, though it is months later, little improvement has been made. Some economies have seen their double-digit unemployment rates come down to single digits, but that is still not good enough news for many analysts. They believe that until the rate is closer to what its average was pre-recession, the economy of the US will still be in trouble. Despite the negative result of a high unemployment rate, there are still some nascent signs of improvement. One such improvement is from an unexpected source.
It seems that the very thing that is highly controversial to the market—gambling—is what is bringing the hope for new jobs. Take Pennsylvania, West Virginia and Delaware for example. The states just approved table games and that is opening up a new job market. More gambling tables means the need for more employees to manage them. Whether it is a dealer to manage a table, or just wait staff to handle the increase in patrons, it still means that there are more jobs on the horizon of the job market. One state that is creating a lot of jobs is Pennsylvania. Experts reported that over 4,400 jobs have been created due to the result of approving and allowing table games. The state admits its new need for clerks, dealers, security and managers to handle the substantial increase in business. The question is, is it all worth it?
A resounding “yes” is the answer. Analysts have estimated that slot machines in the state are scheduled to bring in over $116 million in tax-revenue dollars this month alone. Though that could be a record number due to the newness of the market, it still is indicative of an overall increase in revenue. Pennsylvania is not going to deny that increase in revenue, even if it is exaggerated due to the circumstances. If you add to that the advantage of having over four-thousand people out of the unemployment line, it means a great advantage for the residents overall.

