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Casinos Rake in Record $43.9 Billion in FY 2024

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Casinos Rake in Record $43.9 Billion in FY 2024

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Revenue from Indian Gaming grew more than 4.5% in 2024 over the previous year, the National Indian Gaming Commission (NIGC) announced Thursday.

The NIGC reported that gaming operations in the United States generated $43.9 billion for fiscal year 2024, up $2 billion, or 4.6%, over FY 2023.

“This year’s GGR (gross gaming revenue) reflects not only the resilience of the tribal gaming industry, but also the dedication of tribal leadership in preserving and growing this important economic driver for their communities,” NIGC Acting Chairwoman Sharon Avery said in a news release. “The continued success of Indian gaming is a testament to the strong tribal governance and the sound regulation that protects the integrity of the industry.”

The GGR figure is calculated from independently audited financial statements from 532 independently audited gaming operations owned by 243 federally recognized tribes across 29 states. Two NIGC regions, Oklahoma City and Washington, D.C., reported double-digit growth over the previous fiscal year. The Oklahoma City Region’s revenue of $3.6 billion, generated by 78 operations (including one in southern Texas) was up 12.7% over FY 2023. The Tulsa region, which includes 73 operations in Oklahoma and Kansas, reported $3.6 billion for FY 2024, about the same as what was reported the previous year, albeit with one less operation. In FY 2023, the Tulsa region had 74 operations. The Seminole Nation of Oklahoma operates three casinos in Seminole County, which report to the Tulsa region.

“These revenue numbers demonstrate the positive impacts of tribal gaming and the essential role it plays supporting tribal sovereignty, job growth, infrastructure, education, and important social, health, and welfare programs in tribal communities – just to name a few,” said Vice Chair Jeannie Hovland. “NIGC remains committed to working with Tribes and their regulators to ensure the long-term integrity and success of Indian gaming.”

NIGC uses GGR as a key industry measure, defining it as the amount wagered minus winnings returned to players. The agency collects this information annually to assess trends and help guide regulatory policy in support of the Indian Gaming Regulatory Act.

The full data report is available at www.nigc.gov.

Ken Childers Editor