Indian gaming reports revenue increase in 2018
The NIGC has reported that Native American tribes have increased their gross gaming revenue by 4.1% in 2018 and registered a record.
US.- The National Indian Gaming Commission (NIGC) has released its latest financial report, in which it details operations from Native American tribes in 2018. The gross gaming revenue (GGR) from fiscal year 2018 totalled US$33.7 billion, which is the highest in Indian gaming history.
The US$33.7 billion figure also represents a 4.1% increase over the previous fiscal year. NIGC said that all of its administrative regions experienced positive revenue growth in fiscal 2018. The commission highlighted the Portland Region, as it featured the highest growth with an 8.2% increase. The Oklahoma City region also registered a 7.3% growth.
NIGC Vice Chair Kathryn Isom-Clause said that the GGR calculation process is an example of the partnership between the tribes and the commission to ensure effective regulation for a successful tribal gaming industry. “These numbers reaffirm the industry’s health as a stable economic driver for Indian Country,” she said.
NIGC calculates the revenue numbers on 501 independently audited financial statements, which comprise 241 federally recognised tribes across 29 states.
“The annual GGR tells a positive story about Indian gaming’s economic success and the industry’s ongoing contribution to a strong economy. It also tells the story of how collaboration among tribes, industry and the regulatory communities can build a strong reputation for reliability and integrity in the GGR calculation,” said Commissioner Simermeyer.
The National Indian Gaming Commission was created in 1988 with the passage of the Indian Gaming Regulatory Act (IGRA), enacted to support and promote tribal economic development, self-sufficiency, and strong tribal governments through the operation of gaming on Indian lands. IGRA establishes the NIGC to regulate and support tribal gaming as a means of generating revenue for tribal communities.
