Tribal Casino Industry Sees Best Year EverOverall Revenue Of $27.9 Billion Reported For 2012 |
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Commercial casinos aren’t the only gambling businesses in the United States fully recovered from the worst of the Great Recession, which started around 2008.
The National Indian Gaming Commission this week released data showing revenues — or total win from gamblers — generated by the Indian gaming industry in 2012 totaled a whopping $27.9 billion.
The figure is the highest ever for the industry. It has also been three straight years of growth.
“In 2012, the Indian gaming industry saw its largest gross gaming revenues ever,” Tracie Stevens, Chairwoman of the NIGC, said. “For those who judge casino spending as an indicator of increased discretionary spending and economic recovery, 2012 revenues certainly display economic encouragement.”
The 2012 figure marks an increase of 2.7 percent compared to 2011’s $27.2 billion.
“Regulation has played a key role in the growth of the Indian gaming industry,” NIGC Associate Commissioner Dan Little said. “Over the last three years our regulatory review has provided much needed reform to meet the needs of the changing industry and provide flexibility and consistency for tribes and tribal regulators.”
More than 420 gaming establishments, associated with nearly 240 tribes across 28 states, made up the revenue figure.
Commercial casinos in the United States collected $37.34 billion in 2012, according to figures released earlier this year by the American Gaming Association.
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