NIGC Reports 0.5 Percent Growth to $28B in 2013 Tribal Gaming Revenues
Tribal casinos netted $28 billion in revenues in 2013, the National Indian Gaming Commission reported on June 21.
“In 2013, the Indian gaming industry saw the growth of its gross gaming revenues for the fourth consecutive year,” said Jonodev Chaudhuri, vice chairman of the NIGC. “This stable, positive trajectory underscores the ongoing significance of Indian gaming to larger tribal nation building and self-determination efforts.”
The 2013 Gross Gaming Revenue (GGR) is calculated on the 449 independently audited financial statements submitted by 235 gaming tribes. The 2013 GGR of $28 billion represents a 0.5 percent growth in revenue as compared to 2012 reported GGR of $27.9 billion. Overall Indian gaming revenues stabilized over the past four years.
Associate Commissioner Daniel Little said, “Indian Gaming topped $28B for the first time since the passage of IGRA. It's a testament to the trust the gaming public has placed on this industry and it reinforces the fact that this industry has the most comprehensive regulatory structure in the business”.
The Indian gaming community primarily consists of tribes generating much needed revenue each year through small and moderate gaming operations. In 2013, 56 percent of Indian gaming operations reported gaming revenue less than $25 million. Of these operations, 157 generated gaming revenue less than $10 million.
Revenue calculations are based on the independent audit reports NIGC receives annually from tribes conducting gaming operations in accordance with IGRA. The 2013 GGR information was compiled from Indian gaming operations audited financial statements received by the NIGC through June 27, 2014. Gaming revenues represent the net win from gaming activities which is the difference between gaming receipts and payouts.
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