A view of the Four Winds Casino in Michigan. Photo from Facebook
The Pokagon Band of Potawatomi Indians is sharing fewer casino revenues with a community fund that warns it could run out of money a year from now. As part of its Class III gaming compact, the tribe shares 2 percent of electronic gaming revenues from the Four Winds Casino with local governments. Additionally, the agreement established a separate Pokagon Fund to distribute grants to the community.
Slide shows the declining rate of revenues the Pokagon Fund receives from the Pokagon Band. Image from Pokagon Fund
The fund, however, is seeing a smaller share of revenues from the tribe. The drop was anticipated -- the compact called for 2 percent in the first two years of operation, 1 percent in the third, fourth and fifth and 0.75 percent for the remaining years.
As a result, the fund expects to run out of money by June 2015 if it continues to distribute grants at the current rate. So changes are being made to the process to ensure that won't happen.
Get the Story:Pokagon Fund officials announce new grant schedule, hear from grant recipients (The Harbor County News 8/14)
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