Native Indian gaming revenues show significant national and regional growth
The National Indian Gaming Commission (NIGC) reported this week that North America’s tribal gaming operators have set a record, taking over $30bn for the first time in gross gaming revenue.
Collectively taking $31.2bn, this represents a 4.4% increase over 2015, a significantly higher pace of growth than that of commercial casinos, which grew by 1.1% in the same period.
Sacramento in California was the region that showed the most year-on-year growth for tribal gaming nationwide, with an increase of 6.3% to $8.4bn. Meanwhile, the Oklahoma City region boasted the second-best revenue increase in the US, rising 4.4% to $2.9bn.
The lowest rate of growth was in the St. Paul region, with a 1.1% increase of revenue for the period.
“The stable growth is reflective of a healthy and well-regulated industry with a tremendous impact on local and state economies,” said Jonodev O. Chaudhuri, Chairman of the NIGC.
Gaming revenues were calculated based on 484 independently audited financial statements dealing with 244 federally-recognised tribes that operate gaming enterprises in 29 states, the NIGC’s report said.
On electronic games covered by the compacts, tribes pay 4% of the first $10m of annual adjusted gross revenues, 5% of the next $10 million and 6% of adjusted gross revenues over $20m. They pay 10% of the monthly net win on table games.
Gambling Insider delivers the latest industry news, in-depth features, and operator reviews that you can trust. Our team combines rigorous editorial standards with decades of specialized expertise to ensure accuracy and fairness. We are committed to delivering clear, impartial, and dependable coverage across the global gambling sector.
