Native American Indian Casino Revenues Top $32 Million in 2018
Earlier this week, the National Indian Gaming Commission released the revenue figures for the Fiscal Year 2017 Gross Gaming Revenue (GGR) through a press release that was previously posted on Cision PR Newswire . The health of the Native American Indian casino business all across the country is extremely positive with $32.4 billion in revenue. This represents a 3.9 percent increase on the reported revenue in 2016.
The chairman of the National Indian Gaming Commission is Jonodev Osceola Chaudhuri and Kathryn Isom-Clause is the vice chair. Also mentioned in this report is Associate Commissioner Sequoyah Simermeyer. The trio was part of Tuesday’s press release that contained these revenue figures. Also included in the report was a graph that contained American tribal gaming revenue figures for the past 10 years. The annual revenue in 2008 was $26.7 million and with the exception of two stagnate returns in 2009 and 2010, the Fiscal Year GGR has increased every year from 2011 through 2017. The biggest percent increase during this same time frame was in 2015 with a five percent gain to $29.9 million.
How Are Native American Indian Casino Revenues Up $32 Million From 2017?
The FY 2017 revenues at Native American Indian casinos nationwide are calculated from the independent and audited financial statements from 494 different real money Indian casinos representing 242 federally recognized American tribes. The GGR for each gaming operation is the amount wagered minus the winnings returned to casino patrons. It represents the earnings before salaries, tribal-state compacts, and operating expenses according to the press release.
The annual release of these GGR figures serves as a quick snapshot of the economic health of the Native American casino industry. This year marks the 30th year of gaming under the guidance of the National Indian Gaming Commission. The annual release also serves as the perfect opportunity to review the key policies and principles that have fueled the creation and the continued growth of the Indian gaming industry.
A few of the policies and principles mentioned in this release include the preservation of the role that Tribes play as the primary regulators and beneficiaries of their operations. It also mentions the IGRA’s ability to promote innovation through advanced technology such as the use of electronic aids in Class II gaming. Next was the faithful application of laws that mirror the various histories and territories of each tribe. This is the basis for allowing Indian gaming on a wide variety of these tribal lands. The final policy and principle mentioned was the ongoing relationship between all tribes and the federal government that actually predates the US Constitution.
All of Native American Indian Country has worked very hard to maintain a flourishing and constantly growing gaming industry
Mr. Chaudhuri was quoted as saying “All of Indian Country has worked very hard to maintain a flourishing and constantly growing gaming industry. The successes of Indian gaming in the 30 years since IGRA prove that the foundational principles of federal Indian law should remain at the forefront of any future policy discussions.”
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