{"id":7135,"date":"2014-03-26T15:48:34","date_gmt":"2014-03-26T15:48:34","guid":{"rendered":"https:\/\/forumarchives.tmsites.net\/index.php\/2014\/03\/26\/indian-casinos-set-new-revenue-record-topping-28-13-billion\/"},"modified":"2014-03-26T15:48:34","modified_gmt":"2014-03-26T15:48:34","slug":"indian-casinos-set-new-revenue-record-topping-28-13-billion","status":"publish","type":"post","link":"https:\/\/forumarchives.tmsites.net\/index.php\/2014\/03\/26\/indian-casinos-set-new-revenue-record-topping-28-13-billion\/","title":{"rendered":"Indian casinos set new revenue record, topping $28.13 billion"},"content":{"rendered":"


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\n\tThe Graton Resort and Casino in Rohnert Park, Calif is shown in this file photo. The Las Vegas-style Indian casino is part of the expansion and development of Indian gaming in California. (AP Photo\/Eric Risberg)<\/span><\/p>\n

\tBy HOWARD STUTZ
\n\tLAS VEGAS REVIEW-JOURNAL
\n\tThree years after the nation\u2019s Indian casino industry experienced its only annual gaming revenue decline in the 24 years since figures have been kept, the market is on an upswing.<\/p>\n

\tFor the second straight year, Indian casinos nationwide combined for a new annual gaming revenue record, topping $28.13 billion in 2012.<\/p>\n

\tThe 2 percent increase was a lower percentage jump than in 2011 when Indian casinos nationwide grew revenues 3.4 percent, to $27.59 billion. That\u2019s a cause for concern, said California economist Alan Meister, who compiles the figures for Casino City\u2019s annual Indian Gaming Industry Report.<\/p>\n

\t\u201cIt was the third straight year of positive growth, which is a movement in the right direction,\u201d Meister said. \u201cBut it reflected the slower growth of the economy.\u201d<\/p>\n

\tIt takes a year for Meister to get the revenue figures from the 28 states with Indian casinos. Tribal casinos don\u2019t publicly release monthly gaming revenue totals like Nevada and other states with commercial casinos. The report is being released today through Casino City.<\/p>\n

\tMeister said Indian casinos \u2014 which traditionally recorded double-digit percentage revenue increases annually until 2007 \u2014 grew at a slower pace than the commercial casino industry (4 percent in 2012) and the race track casino market (8 percent in 2012).<\/p>\n

\tIn the report, Meister writes that it has been 18 years since commercial casinos had a higher annual growth rate than the Indian casino segment.<\/p>\n

\tHe said the trend could have been the result of increased gaming opportunities in several states that year.<\/p>\n

\t\u201cGaming developed in additional jurisdictions, such as Ohio, while older markets added new facilities,\u201d Meister said.<\/p>\n

\tAlso in 2012, there were 468 tribal casinos, one more than 2011. Indian casinos operated 346,242 slot machines in 2012, a 1.6 percent increase from 2011, and 7,768 table games, a decline of less than 1 percent.<\/p>\n

\tCalifornia, which had 68 Indian casinos in 2012, the same as in the previous two years, collected a nation-high $6.96 billion in gaming revenue in 2012, an increase of 0.8 percent.<\/p>\n

\tOklahoma, the nation\u2019s No. 2 Indian gaming market, collected $3.7 billion in 2012 \u2014 an increase of 6.6 percent \u2014 from 118 large and small casinos.<\/p>\n

\tCalifornia and Oklahoma generated 38 percent of the overall Indian gaming revenue in the U.S. The top five states \u2014 California, Oklahoma, Washington, Florida and Connecticut \u2014 accounted for 60 percent of the nation\u2019s gaming revenue.<\/p>\n

\tThe top 10 Indian gaming states \u2014 which included Arizona, Michigan, Minnesota, Wisconsin and New York in sixth through 10th place \u2014 did not change in ranking from 2011. The top 10 states accounted for 86 percent of the nation\u2019s Indian gaming revenue.<\/p>\n

\tIndian casinos made 43 percent of all U.S. casino gaming revenue in 2012.<\/p>\n

\tMeister said California\u2019s growth rate was slower than in 2011, but tribes were expanding and developing their facilities.<\/p>\n

\tMeister said developments in California that took place in 2013 and are planned for this year could expand beyond its current 25 percent grip on all Indian gaming revenue nationwide.<\/p>\n

\tAccording to the study, Indian casinos \u2014 including the properties\u2019 nongaming operations \u2014 directly and indirectly generated $91 billion in output, employed more than 679,000 workers, paid $30 billion in wages, and contributed $9 billion in taxes and revenue-sharing payments to federal, state, and local governments.<\/p>\n

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The Graton Resort and Casino in Rohnert Park, Calif is shown in this file photo. The Las Vegas-style Indian casino is part of the expansion and development of Indian gaming in California. (AP Photo\/Eric Risberg) By HOWARD STUTZ LAS VEGAS…<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-7135","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/7135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=7135"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/7135\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=7135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=7135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=7135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}