Key Takeaways
- In 2022, the private prison industry generated approximately $4.6 billion in revenue, primarily from federal and state contracts.
- CoreCivic reported net income of $107.6 million in fiscal year 2022, up from $54.1 million in 2021.
- GEO Group’s total revenue reached $2.38 billion in 2022, with 90% from correctional and detention services.
- Private prisons accounted for 8% of the total U.S. prison population in 2022, housing 90,873 inmates.
- Federal Bureau of Prisons housed 13,814 inmates in private facilities as of December 2022.
- ICE detained 34,134 people in private facilities on a single day in FY2022.
- Private prisons had a staff-to-inmate ratio of 1:7.5 on average in 2019.
- Turnover rate for private prison guards averaged 53% annually in 2018.
- GEO Group employed 22,000 staff members in 2022 across its facilities.
- Private prisons had 2.1 violent incidents per 100 inmates vs. public in 2021.
- Sexual assault rates in private prisons: 10% higher than public per PREA data 2022.
- CoreCivic facilities reported 450 use-of-force incidents in 2022.
- Private prisons recidivism rate 15% higher than public per 2020 study.
- Cost savings from private prisons averaged only 2-6% after adjustments.
- Public prisons had 20% lower violence rates than private in 2019 BJS data.
The blog post details the immense revenue and influence of private prisons despite limited public cost savings.
Comparisons and Outcomes
Comparisons and Outcomes Interpretation
Financial and Profit Metrics
Financial and Profit Metrics Interpretation
Inmate Conditions and Incidents
Inmate Conditions and Incidents Interpretation
Population and Capacity
Population and Capacity Interpretation
Staff and Operations
Staff and Operations Interpretation
Sources & References
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