Tribal Gaming Scores Another Record Year For RevenueNIGC Reports Growth Of 2.4% In 2023 |
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Tribal gaming continues to become a bigger part of the American casino landscape and saw growth of 2.4% to $41.9 billion in 2023, according to new figures released by the National Indian Gaming Commission (NIGC).
That’s a gain of $1 billion to the $40.9 billion from a record number in 2022. The revenue numbers are collected from the audited financial statements of 527 gaming operations, made up of 245 tribes across 29 states.
“This year’s GGR (gross gaming revenue) results demonstrate how a strong regulatory framework and diversity of tribal gaming enterprises generates growth in the gaming industry,” NIGC acting chairwoman Sharon M. Avery said.
“Again, this year, tribal gaming operators and regulators have proven that their ingenuity and tenacity are catalysts for growth, even in the face of an ever-changing gaming landscape. This steadfastness will ensure that tribal gaming remains a valuable resource for continued economic sustainability in tribal communities.”
Continued Growth & Expansion
The report also detailed some growth in key areas across the country. The Phoenix area was one of the strongest regions, seeing revenue growth of 5.5% to more than $3.9 billion. Rapid City, South Dakota, also proved to be a particularly strong market as well, seeing growth of 4.9% to $425.9 million.
The solid revenue numbers come as tribes continue adding to their casino facilities and even expanding into more areas beyond their traditional lands and gaming areas.
For example, the Seminoles of Florida have moved into online sports betting in the state and have also purchased the Mirage on the Las Vegas Strip, with plans to convert the casino to a Hard Rock property by 2027.
The San Manuel Band of Mission Indians of California also now owns and operates the Palms casino in Vegas. Other tribes have also recently moved to get into the gaming industry as well.
“I congratulate the industry regulators, operators, and tribal leadership on another successful year,” NIGC vice chair Jeannie Hovland. “Their hard work in meeting and overcoming the challenges presented by an increasingly competitive market is evidence that tribes are resilient, and their gaming expertise is yielding benefits for their nations as IGRA (Indian Gaming Regulatory Act) intended.”
In related news, the commercial gaming industry also reported record revenue numbers in 2023, up 10% to $66.5 billion.
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