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August 15, 2010
The success of the state’s Indian Casinos has helped raise $118.2 million in state revenues. This is a record high. In total, the state’s 30 tribes have increased state gaming revenues by 5,000 percent. Three tribes have paid almost 60% of the revenue. The Cherokee Nation paid $12.2 million. $22.7 million was paid by the Choctaw Nation. $33.3 million was paid by the Chickasaw Nation. 27 other tribal own casinos paid the state $50 million. Currently the state has had a decline on revenues from other industries. The money earned from Indian Gaming will be used to help state run programs. 88% of the money will go to education. The remaining 12% will go to the state’s general fund. $250,000 will go to pay for treatment and education programs to treat gaming addiction. One of the reasons for the success has been the operation of Class 3 gaming machines. This provides visitors with Las Vegas style electronic gaming machines. These types of gaming machines are networked with other casinos resulting in progressive jackpots and large payouts. They are very popular with gamers. 4% - 6% is collected by the state on these types of games. Other states have had a decline in their gaming revenues. However Oklahoma has been able to increase their revenues. With increased competition from nearby states it is questionable if Oklahoma will be able to continue this trend. Currently it is expected for the states tribal casinos to continue their revenue increase for a few years. However it is also expected to level out in time with a possible decline. Return to Oklahoma Casinos home page. |
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