American Indian gambling revenue outpaces Vegas

Brutus

Well-Known Member
#1
Last Update: Jun 4, 2007 4:49 PM


(WASHINGTON,D.C.) June 4 - Federal figures show American Indian gambling pulled in $25 billion in 2006, 11 percent more than the year before, as the industry's explosive growth outpaced Las Vegas.

The figures were compiled from 387 tribal facilities in 28 states, including Oklahoma, and show Indian gambling revenue has nearly doubled in five years.
The National Indian Gaming Commission says Indian casinos brought in $12.8 billion from gambling in 2001, $22.5 billion in 2005 and $25.1 billion in 2006.

Most of the growth has come since 1988 when Congress passed a law creating the legal framework for Indian gambling.

The law let Indian tribes, with the consent of a state's governor, run slot machines and other profitable games on their reservations not allowed elsewhere in the state.
 

shadroch

Well-Known Member
#3
If by outpacing,you mean growing faster,of course it is. First its a newer ,less mature market, and it has a much larger geographic area to draw from.
Vegas is one city in the middle of a desert. Indian Casinos are popping up in almost every state.
 
#4
shadroch said:
If by outpacing,you mean growing faster,of course it is. First its a newer ,less mature market, and it has a much larger geographic area to draw from.
Vegas is one city in the middle of a desert. Indian Casinos are popping up in almost every state.
I mean bigger revenues, taken as a whole. zg
 

shadroch

Well-Known Member
#5
Again,we are talking about hundreds of casinos spread out nationwide compared to one city.It was only a few years ago that Vegas past AC for revenue,as hard as that might seem.
 
#6
shadroch said:
Again,we are talking about hundreds of casinos spread out nationwide compared to one city.It was only a few years ago that Vegas past AC for revenue,as hard as that might seem.
I thought that Vegas was ALWAYS ahead of AC?? zg
 

shadroch

Well-Known Member
#7
I would have thought so to,but in the late 90s/early 2000s,Atlantic city had higher revenues than Vegas did,according to Casino Player Magazine.
 
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