Tribal Casinos Generate Record Revenue of $41.9B in 2023 Fiscal Year
The federal government's fiscal year 2023 (October 1, 2022, through September 30, 2023) saw record gross gaming revenue (GGR) of over $41.9 billion from tribal casinos in the United States.
Tribal casinos' gaming wins increased by $1 billion over the course of the 12-month period, the National Indian Gaming Commission (NIGC) in Washington, DC, said Casino.org Friday morning. The $41.9 billion haul was a 2.4% increase from the previous year.
“This year’s GGR results demonstrate how a strong regulatory framework and diversity of tribal gaming enterprises generates growth in the gaming industry,” said NIGC Acting Chair Sharon Avery.
"Tribal gaming operators and regulators have proven that their ingenuity and tenacity are catalysts for growth, even in the face of an ever-changing gaming lanscape. This steadfastness will ensure that tribal gaming remains a valuable resource for continued economic sustainability in tribal communities,” Avery added.
Following E. Sequoyah Simermeyer's resignation in February to take an executive position with FanDuel, Avery was appointed acting NIGC chair.
Gains for the Nation
T he NIGC gaming revenue summary showed that each of the government agency's eight metered districts had a rise in gross gambling revenue. According to the NICG, it examined financial statements from over 500 gaming establishments operated by Tribes throughout 29 states.
Only 9% of the reporting properties reported GGR exceeding $250 million for the fiscal year 2023. 55% of the total GGR came from Those Casinos. T HE NIGC REPORTED THAT 55% OF THE FINANCIAL SUBMITTALS WERE FOR GAMING RECORDS UNDER $25,000,000.
T he Sacramento area, which includes tribal gaming income from all Native American sites in California and Northern Nevada, was the richest region, with a GGR of around $12 billion. Sacramento's GGR increased 1.8% from the previous year.
T he Washington, DC region, which includes tribal gaming in New York, North Carolina, Florida, Alabama, Mississippi, and Louisiana, came in second with $9.19 billion.
T he St. Paul region, which includes tribal casino wins from Minnesota, Wisconsin, Michigan, Indiana, and Iowa, came in second with $5 billion. Compared to fiscal year 2022, St. Paul's win increased by over 3%.
The Portland group earned $4.53 billion, including tribal gaming revenues from Washington, Oregon, and Idaho. Tribal income from Arizona, New Mexico, Southern Nevada, and Colorado is included in the Phoenix segment, which recorded $3.92 billion in GGR.
The combined value of the Midwest's casinos in the Tulsa (Kansas and the eastern part of Oklahoma) and Oklahoma City (the western part of Oklahoma and Texas) regions was $3.56 billion and $3.21 billion, respectively.
T he eighth part, Rapid City, includes tribal casinos in Montana, Wyoming, and the Dakotas.
Gambling on Records
More Americans than ever before are gambling and losing. In February, the American Gaming Association revealed that commercial casinos had just finished their finest year, in addition to the record earnings from tribal casinos.
In 2023, commercial gambling operators produced an all-time high of $66.5 billion in GGR. For the third year in a row, commercial GGR reached all-time highs in 2023.
According to figures from the American Gaming Association and the National Indian Gaming Commission, Americans lose more than $100 billion annually to gaming.
