Oklahoma Indian casino revenues soar
August 15, 2010
The success of the state’s Indian Casinos has helped raise $118.2 million in
state revenues. This is a record high. In total, the state’s 30 tribes have
increased state gaming revenues by 5,000 percent.
Three tribes have paid almost 60% of the revenue. The Cherokee Nation paid $12.2
million. $22.7 million was paid by the Choctaw Nation. $33.3 million was paid by
the Chickasaw Nation. 27 other tribal own casinos paid the state $50 million.
Currently the state has had a decline on revenues from other industries. The
money earned from Indian Gaming will be used to help state run programs. 88% of
the money will go to education. The remaining 12% will go to the state’s general
fund. $250,000 will go to pay for treatment and education programs to treat
One of the reasons for the success has been the operation of Class 3 gaming
machines. This provides visitors with Las Vegas style electronic gaming
machines. These types of gaming machines are networked with other casinos
resulting in progressive jackpots and large payouts. They are very popular with
gamers. 4% - 6% is collected by the state on these types of games.
Other states have had a decline in their gaming revenues. However Oklahoma has
been able to increase their revenues. With increased competition from nearby
states it is questionable if Oklahoma will be able to continue this trend.
Currently it is expected for the states tribal casinos to continue their revenue
increase for a few years. However it is also expected to level out in time with
a possible decline.
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