Indian Gaming Revenue Reaches $41 Billion in Financial Year 2022
The National Indian Gaming Commission (NIGC) has recently reported that Indian gross gaming revenues for the fiscal year 2022 reached $40.9 billion to exceed the fiscal year 2021 figure by 5 % or $2 billion.
Historical Revenue Level:
The announcement comes after the fiscal 2022 ended on June 30, 2023. According to Native News Online, E. Sequoyah Simermeyer (Coharie), chairman of the NIGC, said that the reported amount represents an aggregated revenue figure presented by 519 audited financial statements of 244 Native American tribes operating tribal casinos across 29 U.S. states.
As reported, NIGC regulates eight tribal gaming regions whereas seven of these recorded the increased revenue levels in comparison the FY 2021. Although the so…