NEWTON, Mass.--(BUSINESS WIRE)--Casino City Press today announced the release of the 2011 edition of Casino City’s Indian Gaming Industry Report – the most comprehensive, up-to-date study of Indian gaming available – authored by Dr. Alan Meister, an economist with Nathan Associates Inc., who has done extensive research and analysis on Indian gaming issues.
The Report provides calendar year 2009 nationwide statistics and state-by-state statistics (the latter not available anywhere else) including: gaming and non-gaming revenue; Class II vs. Class III gaming; number of facilities, tribes, gaming machines, and table games; market summaries; trends; and the fiscal impact of Indian gaming, including revenue sharing with state and local governments.
The Report also includes comparisons across states, historical perspective on Indian gaming, an examination of the reasons for Indian gaming’s current slowdown, comparisons to commercial casinos and racinos, an economic impact analysis examining Indian gaming’s contribution to the U.S. economy, and a qualitative future outlook for Indian gaming.
Some key findings:
- Gaming revenue at Indian gaming facilities nationwide was approximately $26.4 billion in 2009.
- Indian gaming revenue fell 1% in 2009, the first year of decline in its recorded history.
- This decline was in large part due to the continuing economic climate.
- The decline of nationwide Indian gaming in 2009 was part of a continuing slowdown of Indian gaming in recent years.
- This overall slowdown of Indian gaming on a nationwide basis is only due in part to the economy. Other factors have contributed to Indian gaming’s slowdown, including public policies that have restricted the supply of gaming.
- While Indian gaming declined on a nationwide basis, the performance of Indian gaming varied widely across states, tribes, and gaming facilities – there were both declines and growth.
- The top 2 states, California and Oklahoma, generated 38% of total gaming revenue at Indian gaming facilities.
Dr. Meister said that the 2009 revenue decline was less severe than that of other segments of the gaming industry. “Despite the small decline in Indian gaming, it continued to close the gap on commercial casinos, which suffered a much larger decline. In 2009, Indian gaming revenue was 96 percent of that of the commercial casino segment. This compares to 89 percent in 2008.”
Casino City’s Indian Gaming Industry Report is relied upon by the gaming industry, other related industries, government/regulatory agencies, and the investment community, and is frequently cited by the press.
As in previous years, this study continues to be the product of independent academic research and neither Dr. Meister nor Nathan Associates was commissioned to do the study.
For more information and to order a copy of the report, visit www.CasinoCityPress.com.