{"id":11333,"date":"2020-12-22T11:52:51","date_gmt":"2020-12-22T16:52:51","guid":{"rendered":"https:\/\/unitedresourceconnection.org\/cannon-ball-nd-58528\/2019-indian-gross-gaming-revenues-hits-34-6b\/"},"modified":"2020-12-22T11:52:52","modified_gmt":"2020-12-22T16:52:52","slug":"2019-indian-gross-gaming-revenues-hits-34-6b","status":"publish","type":"post","link":"https:\/\/unitedresourceconnection.org\/cannon-ball-nd-58528\/2019-indian-gross-gaming-revenues-hits-34-6b\/","title":{"rendered":"2019 Indian Gross Gaming Revenues hits $34.6B"},"content":{"rendered":"
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\"\"<\/a>WASHINGTON \u2013 \u00a0Chairman E.\u00a0Sequoyah Simermeyer\u00a0and Vice Chair\u00a0Kathryn Isom-Clause\u00a0of the National\u00a0Indian\u00a0Gaming\u00a0Commission\u00a0announced the Fiscal Year 2019 (FY19) Gross Gaming Revenue (GGR) for the Indian gaming industry. Revenues for FY19 total $34.6B; an increase of 2.5% over 2018.<\/p>\n

In the 32 years since the federal Indian Gaming Regulatory Act was enacted, 2019 marked the Indian gaming industry\u2019s highest ever revenue report. During FY19, nearly every NIGC region experienced growth. The Oklahoma City region saw the largest increase of 7.7%. Additional information and a summary of gross gaming revenue according to the NIGC\u2019s administratively determined regions can be found on the NIGC\u2019s website.<\/p>\n

\u201cHealthy tribal economies are important to promoting the tribal self-sufficiency envisioned in the Indian Gaming Regulatory Act. The growth reflected in the 2019 gaming revenue demonstrates the strength of tribal economies in recent years. The Indian gaming industry is a vital component to many tribal economies across the country,\u201d said Chairman Simermeyer.<\/p>\n

The reporting period for FY19 ended before the COVID-19 Pandemic forced the temporary closure of every Tribal Gaming Operation. Although the full effect of the Pandemic is yet to be realized, many Indian gaming operations remain closed or operate at reduced capacity. Some Indian gaming operations have been closed since March 2020. The\u00a0Pandemic\u2019s impact on the Indian gaming industry will be reflected in the Fiscal Year 2020 GGR report.<\/p>\n

Chairman Simermeyer cautioned that, \u201cIt\u00a0is important to recognize the Pandemic\u2019s impact on Tribes.\u201d Chairman Simermeyer went on to say, \u201cTribes\u2019 dedication to a safe and sustainable Indian gaming industry is demonstrated in the preventative measures Tribes continue to take during the challenging economic times brought on by the Pandemic. This same dedication has fostered a successful and responsibly regulated Indian gaming industry over several decades.\u201d<\/p>\n

Vice Chair Isom-Clause added that, \u201cWhile we welcome this positive report from FY2019, we know that the current reality is dramatically different. Future reports will reflect the effects of the pandemic on the industry, as well as how it continues to adapt to changing circumstances. Despite these current hardships, Indian gaming, like the tribal nations it benefits, has proved its resiliency over the years.\u201d<\/p>\n

The FY19 GGR figure is calculated from 522 independently audited financial statements submitted to the NIGC by 245 federally recognized Tribes across 29 states. An operation\u2019s GGR is the total amount of money wagered less any amounts paid out as prizes and before deducting operating expenses.1<\/sup><\/p>\n

The post 2019 Indian Gross Gaming Revenues hits .6B<\/a> first appeared on Native Sun News Today<\/a>.<\/p>\n

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<\/span><\/div>

WASHINGTON \u2013 \u00a0Chairman E.\u00a0Sequoyah Simermeyer\u00a0and Vice Chair\u00a0Kathryn Isom-Clause\u00a0of the National\u00a0Indian\u00a0Gaming\u00a0Commission\u00a0announced the Fiscal Year 2019 (FY19) Gross Gaming Revenue (GGR) for the Indian gaming industry. Revenues for FY19 total $34.6B; an increase of 2.5% over 2018. In the 32 years since the federal Indian Gaming Regulatory Act was enacted, 2019 marked <\/p>\n

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