Indian Gambling Revenues Reach Record $28.9BN in 2014

Indian gambling generated revenues of $28.9 billion in 2014, marking five straight years of growth, as well as an all-time record for the sector. Furthermore, the 2% improvement in year-over-year revenues reported for 2014 was in sharp contrast to the 2% fall in revenues noted by the country’s commercial casino industry.
The USA’s gambling market is roughly equally divided between Indian casinos (43.5%) and commercial casinos (44.2%), with racetrack casinos accounting for the remaining 12.3% share of business. In 2014, there were 489 Indian casinos owned by 243 Native American tribes offering 352,000 gambling machines and 7,800 table games across 28 states. Impressively, all but eight states experienced an improvement in their revenues in 2014, with three states reporting double-digit growth. Commenting on the statistic, Indian gaming expert Dr. Meister explained:
“Indian gaming’s growth in 2014 outpaced that in 2013, paralleling the improvement of U.S. and state economies. However, there was substantial variation in performance across states, from a high of 13% to a low of -9%.”
A further disparity was also noted in the revenues generated by the various states, with the country’s top two markets accounting for around 39% of total Indian gambling revenues; which subsequently rises to 62% for the USA’s top five states; and 85% for the top 10.
In addition to gambling, Indian casinos include hotels and other non-gaming facilities, which added a further $3.8 billion to overall revenues, higher by 5% compared to the previous year. Overall, direct and indirect casino resort operations helped to provide jobs for 738,000 people, and contribute $1.7 billion in taxes to federal and local coffers, in addition to another $8 billion in direct revenue sharing payments.
Casino City’s Indian Gaming Industry Report was produced by Dr. Alan Meister from Nathan Associates Inc., and is an independent, uncommissioned scholarly research. Commenting on its importance, Joe Valandra, former National Indian Gaming Commission Chief of Staff, said:
“His objective, accurate, and concise economic analyses of Indian gaming greatly influence regulators, government officials, managers, and financiers and his report remains one of the few reliable sources of data and more importantly, of meaningful analysis.”

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