Keweenaw Bay Indian Community shares $1.5M in casino funds

Wednesday, December 14, 2016

The Keweenaw Bay Indian Community owns and operates the Ojibwa Casino in Marquette, Michigan. Photo by Ocie Albert

The Keweenaw Bay Indian Community has shared more than $1.5 million in gaming revenues with Michigan for the second half of 2016.

The tribe shared $307,181.28 with communities affected by the two Ojibwa Casino locations. The payment is based on 2 percent of the net win from slot machines at the facilities.

The payments are made twice a year. The latest amount was only slightly lower than the $316,802.66 distributed during the same time in 2015.

Additionally, the tribe shared $1,228,725.12 with the state of Michigan. That figure is based on 8 percent of the slot machine win.

When combined with the payments made during the first half of the year, the tribe paid a total of $532,447.11 to local communities and $2,108,726.49 to the state in 2016.

The amounts could go up now that the tribe is spending $40 million to upgrade and expand the two casinos.

Read More on the Story:
KBIC’s Gaming Distributions To Local And State Governments (The Keweenaw Report 12/14)
Revamping underway for casinos (The Marquette Mining Journal 12/14)
KBIC gives to the community (WNMU 12/14)
Keweenaw Bay Indian Community announces recent gaming distributions (WLUC 12/13)
KBIC seeks trust status in casino expansion project (The Marquette Mining Journal 12/11)