2007 Indian Gaming Revenues Released by NIGC

2007 Indian Gaming Revenues Released by NIGC

6/25/2008
By: H. Scott Althouse At a time when commercial gaming revenues are down across the country, on June 18, 2008, the National Indian Gaming Commission ("NIGC") announced that net revenues from tribal gaming operations continue to grow - increasing approximately 5% from 2006 - and generating over $26 billion in net revenue in 2007. Net gaming revenues represent the amounts tribal casino patrons wagered less prizes paid. The revenues are calculated from financial information Indian tribes provide annually to NIGC in audit reports required by the Indian Gaming Regulatory Act. 382 Indian gaming operations provided reports to NIGC through June 10, 2008 and offer a complete picture of tribal gaming revenues across the country. NIGC Region V (Oklahoma, Kansas and Texas) experienced the largest percentage increase in revenues of $2.6 billion, an increase of 20% from 2006 - and Region V has more than doubled revenues in the three-year period from 2004 to 2007. Meanwhile, NIGC Region II (California and northern Nevada) experienced only a 1.6% increase in gaming revenues, but still saw the overall largest revenues of NIGC's six regions, increasing to $7.8 billion in 2007 from $7.7 billion in 2006. By size of operation, NIGC designates 69 tribal casinos as operations of $100 million or more. While only comprising 18.1% of all tribal casinos (69 of 382), these 69 casinos generated 72.3% of the total Indian gaming revenues in 2007, or approximately $18.8 billion. In comparison, all other tribal casinos (313 of 382, or 81.9%) generated just 27.7% of total gaming revenues in 2007, or approximately $7.2 billion.
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