Monday, June 23, 2008

Indian Gaming Revenues Grew 5% Last Year Across The Country

Feather News

A report issued by the National Indian Gaming Commission last week said that revenue at the nation's Indian casinos grew 5 percent in 2007, to $26 billion or just over double the $12.9 billion gambled at casinos in Nevada. Indian gaming was approved by the federal government in 1988 and the study was based on 382 Indian gaming establishments.

Revenues at Mohegan Sun on the Mohegan Reservation were $1.56 billion in fiscal year 2007. Gaming revenue at Mohegan Sun made up $1.29 billion of this figure while the rest of the revenue came from hotel, entertainment, retail and food and beverage sales.

Revenues are income before the deduction of expenses. Gaming revenues are based upon the amount wagered by customers less the amount paid out to customers: in other words, the amount lost by customers.