Indian casinos in the US posted a new annual gaming revenue record in 2012, reaching $28.13bn.
“It was the third straight year of positive growth, which is a movement in the right direction,” said economist Alan Meister, who compiles the figures for Casino City’s annual Indian Gaming Industry Report.
California, which had 68 Indian casinos in 2012, the same as in the previous two years, collected a nation-high $6.96 bn, an increase of 0.8 per cent. Oklahoma, the nation’s number two Indian gaming market, collected $3.7bn, an increase of 6.6 per cent, from 118 large and small casinos.
California and Oklahoma generated 38 per cent of the overall Indian gaming revenue. The top five states - California, Oklahoma, Washington, Florida and Connecticut - accounted for 60 per cent. Indian casinos made 43 per cent of all US casino gaming revenue in 2012.
Three years after the nation’s Indian casino industry experienced its only annual gaming revenue decline in the 24 years since figures have been kept, the market is on an upswing. The two per cent increase was a lower percentage jump than in 2011 when Indian casinos nationwide grew revenues 3.4 per cent to $27.59bn.
