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Indian Casinos Revenue Surpasses Las Vegas

Posted By Jeremy Hopkins | Wednesday, June 6, 2007 - 08:42
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Indian Casinos in the U.S. have grossed $25 billion in 2006, 11 percent more than the previous year. In fact, Indian gambling is growing in a faster pace than Las Vegas.

Indian gambling brought in twice as much as in 2001, according to the National Indian Gaming Commission, based on audit reports of 387 gaming operations and represent amounts wagered less prizes paid.

"The continued growth is eye-opening considering the tribal gaming industry is still relatively young," commission Chairman Phil Hogen said.

In 1988, 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.

There are now 415 Indian gambling facilities nationwide operated by more than 200 tribes. They range from full-blown casinos with slot machines and other Las Vegas-style games to smaller gambling centers offering video poker, bingo or other games short of slots.


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