Casino City's Indian Gaming Industry Report Released

Casino City's Indian Gaming Industry Report Released

8/28/2008
By: H. Scott Althouse, On August 19, 2008, Casino City Press released its annual independent study of Indian gaming trends for 2007, authored by economist Dr. Alan Meister of the Analysis Group. The report is one of the most comprehensive and up-to-date studies of Indian gaming available today and is relied upon by many in the gaming industry, related hospitality industries, government agencies, and the investment community. Casino City's Report contains nationwide statistics and state-by-state analysis of gaming and non-gaming revenue, Class II vs. Class III gaming, analyses of the number of facilities, tribes, gaming machines, table games, market summaries, trends, as well as the fiscal impact of Indian gaming, including an analysis of revenue sharing with state and local governments. The report also includes comparisons across states, comparisons to commercial casinos and racinos, an economic impact analysis examining Indian gaming's contribution to the U.S. economy, a detailed breakdown of its fiscal benefits, and predictive analysis of the future of Indian gaming. Key findings from Casino City's Gaming Industry Report:
  • Indian casinos realized a 5% increase in revenue in 2007, for a combined $26.5 billion in revenue, which amounted to 41% of all casino gaming revenue in the United States.
  • The 5% growth rate is down significantly from 2006 (10% growth) and 2005 (15% growth). Dr. Meister attributes the downturn in growth to (1) the lagging U.S. economy and (2) recently proposed federal restrictions on Indian gaming which may have delayed federal approvals and discouraged investors from opening new casinos and expanding existing facilities.
  • Commercial casinos brought in $32.2 billion in 2007, an increase of 2% over 2006.
  • The growth of Indian gaming outpaced the growth of commercial gaming 5% to 2%.
  • In 2007, 230 tribes in 28 states operated 425 gaming facilities. These Indian casinos directly supported approximately 346,000 jobs and paid about $12 billion in wages.
  • The estimated economic contributions of Indian casinos in 2007, both directly and indirectly resulted in $85.8 billion in output, 732,000 jobs and $29.4 billion in wages.
  • Indian gaming in California generated the most revenue in 2007 at $7.8 billion, about 29% of the national total. The other top states were Connecticut, Oklahoma, Arizona and Florida.
  • Federal, state and local governments received $14.8 billion in 2007 from Indian casinos: $1.3 billion in direct payments in $13.5 billion in non-taxing, revenue sharing agreements.
  • The states that experienced the most growth in Indian gaming revenue in 2007 were Wyoming (66.5% growth) and Alaska (32.2% growth).
  • As in previous years, Casino City's Indian Gaming Industry Report is the product of independent academic research and neither the Analysis Group nor Dr. Meister was commissioned to do the study. To obtain a copy of the report, click here on the link to the Casino City Press website: www.casinocitypress.com/GamingAlmanac/IndianGamingReport/ .
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