March 6, 2012—In the newly released edition of the annual Indian Gaming Industry Report, Nathan Associates’ Principal Economist Dr. Alan Meister finds that in the wake of the Great Recession Indian gaming showed signs of recovery in calendar year 2010.
On a nationwide basis, gaming revenue at Indian gaming facilities grew 1.3 percent to $26.7 billion. This growth overcame Indian gaming’s first-ever decline of 1 percent in 2009 and marks a turnaround after four straight years of slower growth. Also on a nationwide basis, Indian gaming outperformed the commercial casinos segment and the card room segment, which declined 0.1 percent and 2 percent, respectively, in 2010. However, the racinos segment outgrew Indian gaming with 5 percent growth.
While Indian gaming grew slightly on a nationwide basis in 2010, its performance varied widely across facilities, tribes, and states. At the state level, gaming revenue growth varied from 61 percent in Alabama to -7 in North Carolina. Furthermore, it declined in 9 of 28 states, and in 51 percent of all Indian gaming facilities. Gaming revenue was also very concentrated. The top 30 percent of Indian gaming facilities generated 85 percent of gaming revenue while the bottom 35 percent accounted for only 2 percent of gaming revenue.
The Indian Gaming Industry Report is the most comprehensive, up-to-date study of Indian gaming available. It provides information on the number of facilities, tribes, gaming machines, and table games; gaming and non-gaming revenue; tribal revenue sharing with state and local governments; pending and approved applications for land into trust for gaming purposes; and the economic and fiscal contribution of Indian gaming to the U.S. economy.
The study also provides detailed background and cutting edge analysis, including market summaries; a historical review; trend analyses; comparisons of Indian gaming across states; comparisons of Indian gaming to other gaming segments, including commercial casinos, racinos, and card rooms; and assessments of the historical and future performance of Indian gaming.
Dr. Meister has conducted extensive research and analysis of the gaming industry, particularly Indian gaming, over the past decade. His research and analyses have been relied on in matters before the United States Supreme Court and the World Trade Organization. He has also been commissioned by the National Indian Gaming Commission to independently analyze the economic effects of proposed changes in Indian gaming regulations. Dr. Meister’s work is frequently cited in the press, and his studies are a trusted resource for government and regulatory agencies, investors, and the industry itself, as well as associated industries.
To order a copy of the Indian Gaming Industry Report, please visit www.indiangamingreport.com.
For more information on the report and on Nathan Associates’ Gaming Industry and Indian Gaming practices, please contact:
Alan P. Meister, Ph.D.
Nathan Associates Inc.