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Arizona sees second consecutive quarter of growth in tribal gaming revenue
Thursday, August 3, 2017
The Gila
River Indian Community owns and operates
floor at the Wild Horse Pass Hotel and Casino in Chandler, Arizona. Photo: DK
Hong
The tribal gaming industry is showing signs of renewed growth in Arizona.
For the quarter ending June 30, tribal revenues were up 4.8 percent, the Associated Press reported. That marks the second consecutive quarter of growth, following a series of downturns.
Tribes share a percentage of their Class III revenues with the state. As of May 2017, they contributed more than $1.28 billion, according to the Department of Gaming.
Tribes currently offer Class III games at 24 facilities, according to the department. The number will grow by one after the Tohono O'odham Nation converts its Class II facility into a Class III one, thanks to a new compact that was approved by the Bureau of Indian Affairs last month.
Gross gaming revenues
in 2016 by region. Source: National
Indian Gaming Commission
According to the National Indian Gaming Commission, revenues in the region that includes Arizona grew 4.4 percent in 2016.
That beat the 3.7 percent growth rate in 2015 and the negative growth rate (-1.1 percent) in 2014.
“The success reflected in the 2016 gross gaming revenue is due, at least in
part, to the Indian Gaming Regulatory Act’s promotion of tribal
self-determination principles,” Chairman Jonodev O. Chaudhuri. of the NIGC said
in a press
release. Overall, tribal casinos took in $31.2 billion, an increase of 4.4
percent.
More detailed information about the 2016 gross gaming revenue can be
found at nigc.gov/public-affairs/media-center.
Read More on the Story:
Arizona tribal casino gambling revenue up by 4.8 percent
(AP 8/2)
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O'odham Nation secures approval of updated Class III casino deal (July 21, 2017)