May 19, 2014
A new report released by the California Legislative Analyst's Office states that funds are running low to help dozens of state tribes in the state.
When a law went into effect that allowed casinos to be built on Native American lands a fund that would distribute funds into certain areas went into effect. Money would be given to communities that the casinos are located. Funding to programs that help addicted gamblers. Gambling regulators also received a portion of the money. As well as California tribes that do not have a casino, or a very small casino.
Much of the money that was in the fund has been spent. Not much money is being deposited into the fund. Money from larger casinos revenue payments have been going to the general fund for California, instead of the distribution fund. This was after a negotiations were made between the state and the larger tribes on how the money would be deposited.
As of now, it is estimated that in June 2015 the distribution fund will be gone. Currently there is no plan by the state to help pay for the costs of the programs that use the fund.
Return to California Casinos.