Tribal gaming revenue hits a record $40.9bn for 2022
The figures for 2022 show a 4.9% increase from 2021.
The National Indian Gaming Commission (NIGC) has released its gross gaming revenue for the Fiscal Year 2022. NIGC has posted the numbers for 2022 which total $40.9bn, with this being the highest in Indian gaming history.
The 2022 figures show a 4.9% increase on 2021, a year that also saw a record high revenue. The numbers for 2022 increased by $1.9bn from the previous year.
Seven of NIGC’s eight regions showed an increase over 2021, with Phoenix having the biggest increase with 15.7%. The one region to show a fall over the previous year was Sacramento, which had a small decrease of 1.4%. Despite this drop, Sacramento was the highest-grossing region, reporting figures of $11.76bn.
With the exception of 2020, which was impacted by the Covid-19 pandemic, Tribal gaming has usually seen a steady increase in revenue.
Chairman E. Sequoyah Simermeyer and Vice Chair Jeannie Hovland made the announcement live from Thackerville, Oklahoma.
Simermeyer said, “This year’s historic revenue reflects the resiliency of many tribal gaming operations, and how tribal gaming continues to rebound and remain strong. Tribal governments and the operations they license continue to explore new and innovative ways to expand and deliver world-class experiences to cultivate sustainable economies.
“Across Indian country, tribes pursue economic sustainability through gaming by relying on the robust regulatory reputation for which Indian gaming is well known, and made better when supported by efficient and effective measures.”
Hovland said, “We have cause to celebrate the opportunity successful Indian gaming operations afford tribes to invest in the future and improve the quality of life for individual Native people, and their families and their communities.”
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