Tribal casino revenue grows for 3rd straight year

An increase in Indian gaming revenues in 2012 of almost three percent offers “economic encouragements” for Indian country, according to the National Indian Gaming Commission (NIGC). The commission released data in late July showing revenues generated by the Indian gaming industry in 2012 totaled $27.9 billion—the third consecutive year of increases in gross gaming revenues (GGR) since the recession began in 2007.

The Indian gaming industry saw its largest gross gaming revenues ever in 2012, Tracie Stevens, NIGC chairwoman said. “The 2012 Indian gaming industry’s gross gaming revenues of $27.9 billion indicate a strong and mature Indian gaming industry. Additionally, gross gaming revenues in 2012 reached its highest level in history, ahead of 2011’s gross gaming revenues by $746 million. For those who judge casino spending as an indicator of increased discretionary spending and economic recovery, 2012 revenues certainly display economic encouragement,” Stevens said in a media conference in late July.

The National Indian Gaming Commission is an independent federal regulatory agency that was established by the Indian Gaming Regulatory Act of 1988. It provides training and technical assistance and regulatory oversight to ensure the integrity of more than 420 gaming establishments owned and operated by nearly 240 tribes across 28 states.

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