Error, group does not exist! Check your syntax! (ID: 21)

An update on Indian gaming revenues

WASHINGTON –– National Indian Gaming Association Chairman Ernie Stevens, Jr. attended the NIGC announcement of Gross Indian Gaming revenues which were up 4.4% in 2016 to a total of $31.2 billion. On the revenue report, Chairman Stevens said, “The growth in Indian Gaming reflects that tribes mean business. The revenue not only creates jobs and funds vital programs and services to our people and surrounding communities, but also that Indian Gaming has a positive impact on the economy of the United States.”

The NIGC reported that 57% of gaming revenues are generated by small or moderately sized gaming operations grossing less than $25 million per year. For the vast majority of Tribal Gaming operations, their revenues are a lifeline to generate economic development and supplement under-funded federal programs and services to Tribal Governments.

NIGC Chairman Jonodev Chaudhuri stated, “The stable growth is reflective of a healthy and well regulated industry with a tremendous impact on local and state economies. When Congress passed the Indian Gaming Regulatory Act almost thirty years ago, it expressly cited in its findings and purposes the longstanding federal policy goal to promote tribal economic development, tribal self-sufficiency and strong tribal governments; no other economic driver has been able to do that for Indian Country as successfully as gaming.”

The National Indian Gaming Commission also joined NIGA at its Legislative Summit to update tribal leaders on their consultation activities. They discussed the Grandfathering Provision for Class II which will undergo further refinement, management agreements, rural outreach, meaningful training & technical assistance and mobile gaming devices technical standards. The NIGC reported that their findings from the consultations will be delivered this coming fall and will include categorical improvements.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.