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Indian Casinos grew 5% in 2007 ($26 billion revenues) |
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June 24, 2008 WASHINGTON, D.C. - The National Indian Gaming Commission (NIGC) reported last week that Indian casinos earned $26 billion in revenues last year up from $25.1 billion in 2006. This was a 5% growth rate compared to 1.8% at Nevada casinos. Nevada casinos had $12.85 billion in gambling revenues last year. NIGC Chairman Philip Hogen said, "The continued growth is significant considering recent economic struggles throughout the country. Indian gaming continues to be an important factor in local economies." Since the Indian Gaming Regulatory Act of 1988, Indian gaming grew from $200 million in 1988 to $11 billion in 2000 to $26 billion in 2007. The slower growth rate for 2006-2007 is accredited to fewer big casino openings and a softer economy. The highest growth rate (20%) for 2007 Indian gaming was in Oklahoma. The lowest growth rate (1.6%) was in California. The National Indian Gaming Association reports:
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