The U.S. federal agency within the Department of the Interior, the National Indian Gaming Commission (NIGC), released a new report, highlighting the performance of the Indian gaming industry.
Earlier this week, NIGC confirmed that for the fiscal year 2024, a new gross gaming revenue (GGR) record was set.
Gross gaming revenue in 2024 surpasses the previous record by $2bn
Per the Commission's latest report, GGR for the Indian gaming industry for the fiscal year 2024 soared to $43.9bn.
The result sets a new record and represents a sum that is $2.0bn more compared to the 2023 period.
During the fiscal year 2023, Tribal gaming revenue halted at $41.9bn.
While this was a record at the time, the most recent figure successfully surpassed it and, in fact, represents a year-over-year increase of 4.6%.
NIGC explained that it measures GGR by the amount wagered by the players minus the winnings returned to them.
A statement released by the agency explains further: "The agency collects this information annually to assess trends and help guide regulatory policy in support of the Indian Gaming Regulatory Act."
Per NIGC's announcement, the latest GGR result represents a figure that is derived from independent audited financial statements for 532 independently audited operations that are owned by 243 federally recognized tribal operators.
Those operators offer their services to customers in 29 different U.S. states.
Notably, two regions where tribal operators offer their services, Washington D.C. and Oklahoma City, reported double-digit growth year-over-year.
The recent results highlight the importance of tribal gaming for Indian Nations across the country
Jeannie Hovland, NIGC's Vice Chair, commented on the topic, Casino Guru News learned from a press release.
"These revenue numbers demonstrate the positive impacts of tribal gaming and the essential role it plays supporting tribal sovereignty, job growth, infrastructure, education, and important social, health, and welfare programs in tribal communities – just to name a few," said the executive.
Finally, Hovland pointed out: "NIGC remains committed to working with Tribes and their regulators to ensure the long-term integrity and success of Indian gaming."
Sharon Avery, NIGC's Acting Chairwoman, also shared her excitement about the latest announcement.
"This year's GGR reflects not only the resilience of the tribal gaming industry, but also the dedication of tribal leadership in preserving and growing this important economic driver for their communities," she said.
Finally, Avery praised the ongoing success of Indian gaming, highlighting that it is a testament to the effectiveness of tribal governance and the protection of the industry.
