Tribal gaming continues to change into a much bigger a part of the American on line casino panorama and noticed progress of two.4% to $41.9 billion in 2023, in line with new figures released by the National Indian Gaming Commission (NIGC).
That’s a acquire of $1 billion to the $40.9 billion from a file quantity in 2022. The income numbers are collected from the audited monetary statements of 527 gaming operations, made up of 245 tribes throughout 29 states.
“This year’s GGR (gross gaming revenue) results demonstrate how a strong regulatory framework and diversity of tribal gaming enterprises generates growth in the gaming industry,” NIGC appearing chairwoman Sharon M. Avery mentioned.
“Again, this year, tribal gaming operators and regulators have proven that their ingenuity and tenacity are catalysts for growth, even in the face of an ever-changing gaming landscape. This steadfastness will ensure that tribal gaming remains a valuable resource for continued economic sustainability in tribal communities.”
Continued Growth & Expansion
The report additionally detailed some progress in key areas throughout the nation. The Phoenix space was one of many strongest areas, seeing income progress of 5.5% to greater than $3.9 billion. Rapid City, South Dakota, additionally proved to be a very robust market as effectively, seeing progress of 4.9% to $425.9 million.
The stable income numbers come as tribes proceed including to their on line casino services and even increasing into extra areas past their conventional lands and gaming areas.
For instance, the Seminoles of Florida have moved into on-line sports activities betting within the state and have additionally bought the Mirage on the Las Vegas Strip, with plans to transform the on line casino to a Hard Rock property by 2027.
The San Manuel Band of Mission Indians of California additionally now owns and operates the Palms on line casino in Vegas. Other tribes have additionally lately moved to get into the gaming business as effectively.
“I congratulate the industry regulators, operators, and tribal leadership on another successful year,” NIGC vice chair Jeannie Hovland. “Their hard work in meeting and overcoming the challenges presented by an increasingly competitive market is evidence that tribes are resilient, and their gaming expertise is yielding benefits for their nations as IGRA (Indian Gaming Regulatory Act) intended.”
In associated information, the business gaming business additionally reported file income numbers in 2023, up 10% to $66.5 billion.
