Chairman Hogen also stressed that strong federal
oversight has played an important role in the growth of the industry. “The public’s continued good will is a necessary element to continued
growth which is why the role of the NIGC must be reaffirmed” he said.
NIGC Region V, which includes Kansas, Oklahoma and Texas saw a increase in
revenues from $1.7 billion in 2005 to $2.1 billion in 2006, a 22% increase,
which was the largest percentage increase regionally during 2006. The NIGC
receives annual audit reports from tribes conducting gaming operations in
accordance with the Indian Gaming Regulatory Act. As the fiscal year utilized by tribal operations
vary, compilations of annual totals are finalized in June of the following
year. The NIGC’s revenue numbers are
based on the audit reports of 387 gaming operations. Gaming revenues represent amounts wagered less
prizes paid.
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Phil Hogen, Chairman of the National Indian
Gaming Commission (NIGC), announced
earlier this month that net revenues from Indian gaming grew more than 11% from
fiscal year 2005 to fiscal year 2006, generating $25.1 billion in gaming
revenues in 2006. "The
continued growth is eye-opening considering the tribal gaming industry is still
relatively young. The Indian gaming industry has doubled between 2001 and 2006,
going from $12.8 billion to $25.1 billion respectively," Hogen
said. "In NIGC Region II, which includes California and
Northern Nevada, the revenues have jumped from $1.7 billion in 2001 to $7.6
billion in 2006, which is an increase of four and a half times over a 5 year
period" Hogen continued.
Chairman Hogen also stressed that strong federal
oversight has played an important role in the growth of the industry. “The public’s continued good will is a necessary element to continued
growth which is why the role of the NIGC must be reaffirmed” he said.
NIGC Region V, which includes Kansas, Oklahoma and Texas saw a increase in
revenues from $1.7 billion in 2005 to $2.1 billion in 2006, a 22% increase,
which was the largest percentage increase regionally during 2006. The NIGC
receives annual audit reports from tribes conducting gaming operations in
accordance with the Indian Gaming Regulatory Act. As the fiscal year utilized by tribal operations
vary, compilations of annual totals are finalized in June of the following
year. The NIGC’s revenue numbers are
based on the audit reports of 387 gaming operations. Gaming revenues represent amounts wagered less
prizes paid.
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