Report: Kentucky ranks No. 1 in gun purchase background checks

LEXINGTON, Ky. (FOX 56) — In gentle of latest tragic occasions, weapons have change into a trending matter amongst residents and politicians throughout America. Together with political points, the financial affect of the altering trade is unknown.

The Firearm Trade Commerce Affiliation estimates weapons contributed greater than $70 billion to the U.S. financial system and generated practically $7.9 billion in federal and state taxes in 2021.

The identical group reported the trade was accountable for 5,101 jobs and $852.47 million in financial exercise throughout 2021 in Kentucky.

WalletHub in contrast the 50 states throughout three key dimensions — firearms trade, gun prevalence, and gun politics — to find out which states economically rely most on the gun trade. Kentucky ranked because the third most dependent.

State by state dependency

Kentucky’s rating largely relied on the prevalence of weapons inside households within the state, the place it ranked primary in accordance with Wallethub. The rating was derived from analyzing gun possession fee, gun gross sales per 1,000 residents, gun adverts for personal shopping for and promoting, and Google search curiosity for gun gross sales.

Though Kentucky ranked first in gun prevalence, the state additionally ranked primary for NICS background checks per capita. This test “verifies the customer doesn’t have a prison document or isn’t in any other case ineligible to buy or personal a firearm,” in accordance with the FBI.

The FBI said that for the reason that launch of NICS in 1998, greater than 300 million checks have been achieved, resulting in greater than 1.5 million gun buy denials.