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Indian casinos pull in record $25 billion



Printer Friendly VersionPost a CommentTell a Friend about this Article05 June 2007
As reported by: The Daily World
Indian gambling pulled in $25 billion in 2006, 11 percent more than the year before as the industry’s explosive growth outpaced Las Vegas.

Federal figures announced Monday, compiled from 387 tribal facilities in 28 states, show Indian gambling revenue has nearly doubled in five years.

Indian casinos brought in $12.8 billion from gambling in 2001, $22.5 billion in 2005 and $25.1 billion in 2006, according to the National Indian Gaming Commission.

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

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.

Article By: The Daily World

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