For Immediate Release                    

Washington, DC, June 18, 2008 — Philip N. Hogen, Chairman of the National Indian Gaming Commission (NIGC), announced today that net revenues from Indian gaming continue to grow, increasing 5% from 2006 and generating $26 billion in revenues in 2007.

 

"The continued growth is significant considering recent economic struggles throughout the country. Indian gaming continues to be an important factor in local economies by providing much needed jobs throughout Indian country and other economic development,” Hogen said. “The Indian gaming industry has experienced tremendous growth since the inception of the Indian Gaming Regulatory Act (IGRA) twenty years ago in 1988 when the Indian gaming industry saw revenues of $200 million, to now over $26 billion in 2007.”

 

NIGC Region V, which includes Kansas, Oklahoma and Texas, had the largest percentage increase in revenues. The region generated revenues of $2.6 billion in 2007, a 20% increase from the $2.1 billion generated in 2006. The region has experienced active growth, more than doubling revenues in the three-year period from 2004 to 2007, climbing from 83 operations generating $1.3 billion in 2004 to 100 operations generating $2.6 billion in 2007.  Region II, consisting of California and northern Nevada, had only a 1.6% increase in revenue but still saw the biggest revenues of NIGC’s six regions, increasing to $7.8 billion in 2007 from $7.7 billion in 2006.

 

Gaming revenues represent amounts wagered less prizes paid. Revenue calculations are based on the audit reports NIGC receives annually from tribes conducting gaming operations in accordance with IGRA.  The 2007 revenue data was compiled from the audit reports of 382 Indian gaming operations received by the Commission through June 10, 2008. Because the fiscal year utilized by tribal operations vary, compilations of annual revenue totals are not finalized until June of the following year.  

 

Hogen released not only regional revenue data, but also graphics analyzing the growth in Indian gaming.

 

 

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	NIGC Tribal Gaming Revenues
	Number of	Revenues	Percentage of		Mean	Median
GamingRevenueRange	Operations	(in thousands)	Operations	Revenues	(in thousands)	(in thousands)
Gaming operations with fiscal years ending in 2007
$250 million and over	22	10,999,559	5.8%	42.3%	499,980	416,824
$100 million to $250 million	47	7,807,413	12.3%	30.0%	166,115	158,777
$50 million to $100 million	46	3,281,581	12.0%	12.6%	71,339	71,215
$25 million to $50 million	57	2,037,400	14.9%	7.8%	35,744	33,506
$10 million to $25 million	85	1,442,901	22.3%	5.5%	16,975	16,193
$3 million to $10 million	66	391,941	17.3%	1.5%	5,939	5,714
Under $3 million	59	55,302	15.4%	0.2%	937	755
Total	382	26,016,098
Gaming operations with fiscal years ending in 2006
$250 million and over	23	11,006,025	5.8%	44.2%	478,523	413,556
$100 million to $250 million	40	6,730,419	10.2%	27.0%	168,260	157,987
$50 million to $100 million	45	3,185,470	11.4%	12.8%	70,788	66,955
$25 million to $50 million	64	2,241,013	16.2%	9.0%	35,016	32,652
$10 million to $25 million	73	1,241,706	18.5%	5.0%	17,010	17,363
$3 million to $10 million	67	416,098	17.0%	1.7%	6,210	6,423
Under $3 million	82	68,293	20.8%	0.3%	833	347
Total	394	24,889,022
Gaming operations with fiscal years ending in 2005
$250 million and over	21	9,691,959	5.4%	42.9%	461,522	379,129
$100 million to $250 million	39	6,206,788	9.9%	27.5%	159,148	145,771
$50 million to $100 million	43	2,897,277	11.0%	12.8%	67,379	63,211
$25 million to $50 million	58	2,019,686	14.8%	8.9%	34,822	33,116
$10 million to $25 million	75	1,267,891	19.1%	5.6%	16,905	16,383
$3 million to $10 million	68	411,501	17.3%	1.8%	6,051	5,474
Under $3 million	88	83,698	22.4%	0.4%	951	417
Total	392	22,578,800
Gaming operations with fiscal years ending in 2004
$250 million and over	15	7,200,911	4.0%	37.0%	480,061	376,449
$100 million to $250 million	40	6,277,698	10.7%	32.2%	156,942	155,160
$50 million to $100 million	33	2,240,010	8.8%	11.5%	67,879	67,233
$25 million to $50 million	60	2,144,496	16.0%	11.0%	35,742	33,391
$10 million to $25 million	71	1,180,438	18.9%	6.1%	16,626	16,035
$3 million to $10 million	58	354,050	15.5%	1.8%	6,104	6,040
Under $3 million	98	81,531	26.1%	0.4%	832	530
Total	375	19,479,134
Gaming operations with fiscal years ending in 2003
$250 million and over	11	5,381,204	3.1%	32.0%	489,200	343,230
$100 million to $250 million	32	5,333,377	8.9%	31.7%	166,668	163,916
$50 million to $100 million	35	2,459,698	9.7%	14.6%	70,277	65,416
$25 million to $50 million	57	2,040,711	15.9%	12.1%	35,802	35,219
$10 million to $25 million	69	1,170,169	19.2%	7.0%	16,959	16,741
$3 million to $10 million	57	350,398	15.9%	2.1%	6,147	5,819
Under $3 million	98	90,825	27.3%	0.5%	927	522
Total	359	16,826,382
Source: Complied from gaming operation audit reports received and entered by the NIGC through 6/10/08.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

National Indian Gaming Commission
Tribal Gaming Revenues (in thousands) by Region
Fiscal Year 2007 and 2006
	Fiscal Year 2007		Fiscal Year 2006		Increase (decrease)
	Number of	Gaming	Number of	Gaming	Number of	Gaming	Revenue
	Operations	Revenues	Operations	Revenues	Operations	Revenues	Percentage
Region I	43	2,208,190	46	2,080,369	(3)	127,821	6.1%
Region II	58	7,796,488	56	7,674,794	2	121,693	1.6%
Region III	44	2,840,585	45	2,718,914	(1)	121,672	4.5%
Region IV	109	4,217,960	122	4,069,940	(13)	148,021	3.6%
Region V	100	2,553,034	98	2,125,906	2	427,127	20.1%
Region VI	28	6,399,841	27	6,219,100	1	180,742	2.9%
Totals	382	26,016,098	394	24,889,022	(12)	1,127,075	4.53%
Source: Compiled from gaming operation audited financial statements received by the NIGC through June 10, 2008.
Region I	Alaska, Idaho, Oregon, and Washington.
Region II	California, and Northern Nevada
Region III	Arizona, Colorado, New Mexico, and Southern Nevada.
Region IV	Iowa, Michigan, Minnesota, Montana, North Dakota, Nebraska, South Dakota, Wisconsin and Wyoming
Region V	Kansas, Oklahoma, and Texas.
Region VI	Alabama, Connecticut, Florida, Louisiana, Mississippi, North Carolina, and New York.