For Immediate Release Contact: Shawn Pensoneau (202) 632-7003
NIGC Announces 2006 Indian Gaming Revenues
HOUSTON, Texas, June 4, 2007 — Phil Hogen, Chairman of the National Indian Gaming Commission (NIGC), announced today during the United South and Eastern Tribes (USET) semi-annual meeting that net revenues from Indian gaming grew more than 11% from 2005 to 2006, generating $25.1 billion in gaming revenues in 2006.
"The continued growth is eye-opening considering the tribal gaming industry is still relatively young. The Indian gaming industry has doubled between 2001 and 2006, going from $12.8 billion to $25.1 billion respectively," Hogen said. "In NIGC Region II, which includes California and Northern Nevada, the revenues have jumped from $1.7 billion in 2001 to $7.6 billion in 2006, which is an increase of four and a half times over a 5 year period" Hogen continued. Chairman Hogen also stressed that strong federal oversight has played an important role in the growth of the industry. “The public’s continued good will is a necessary element to continued growth which is why the role of the NIGC must be reaffirmed” he said.
NIGC Region V, which includes Kansas, Oklahoma and Texas saw a increase in revenues from $1.7 billion in 2005 to $2.1 billion in 2006, a 22% increase, which was the largest percentage increase regionally during 2006.
The NIGC receives annual audit reports from tribes conducting gaming operations in accordance with the Indian Gaming Regulatory Act. As the fiscal year utilized by tribal operations vary, compilations of annual totals are finalized in June of the following year. The NIGC’s revenue numbers are based on the audit reports of 387 gaming operations. Gaming revenues represent amounts wagered less prizes paid.
In addition to regional data, the NIGC has provided a historical comparison between facilities based on revenue and a bar graph illustrating the growth in Indian gaming since 1996.
The NIGC is an independent regulatory agency established within the Department of the Interior pursuant to the Indian Gaming Regulatory Act of 1988.
###
|
|
NIGC Tribal Gaming Revenues |
|
|
|
|
Number of |
Revenues |
Percentage of |
|
Mean |
Median |
|
Gaming Revenue Range |
Operations |
(in thousands) |
Operations |
Revenues |
(in thousands) |
(in thousands) |
|
Gaming operations with fiscal years ending in 2006 |
|
|
|
|
|
$250 million and over |
23 |
11,214,822 |
5.9% |
44.7% |
487,601 |
414,840 |
|
$100 million to $250 million |
40 |
6,730,419 |
10.3% |
26.8% |
168,261 |
157,987 |
|
$50 million to $100 million |
45 |
3,186,109 |
11.6% |
12.7% |
70,802 |
67,211 |
|
$25 million to $50 million |
64 |
2,241,013 |
16.5% |
8.9% |
35,016 |
32,652 |
|
$10 million to $25 million |
72 |
1,229,246 |
18.6% |
4.9% |
17,073 |
17,413 |
|
$3 million to $10 million |
66 |
412,702 |
17.1% |
1.6% |
6,253 |
6,458 |
|
Under $3 million |
77 |
61,518 |
19.9% |
0.2% |
799 |
286 |
|
Total |
387 |
25,075,829 |
|
|
|
|
|
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% |