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    Friday, May 10, 2024

    Report: Tribal gaming a significant contributor to U.S. economy

    Foxwoods Resort Casino and Mohegan Sun paid nearly $769 million in taxes and revenue-sharing payments to all levels of government in 2016, the last year for which data were available, according to a new state-by-state study of the economic impact of tribal casino gaming.

    Connecticut’s two tribal casinos generated more than $3.7 billion in economic activity and the equivalent of more than 24,000 full-time jobs, and were responsible for workers earning more than $1.2 billion in wages, bonuses, tips and benefits, the study released this week by the American Gaming Association shows.

    Only in a handful of states did tribal casinos generate more economic activity than Connecticut’s casinos did.

    In California, the largest tribal gaming state in terms of economic activity, jobs and tax payments, 74 tribal gaming facilities added $20 billion to the state’s economy, supported jobs for nearly 125,000 Californians and generated $3.4 billion in taxes and revenue-sharing payments. Oklahoma, Florida and the upper Midwest states of Michigan, Minnesota and Wisconsin trail California on the list of biggest tribal gaming states.

    Nationally, tribal casinos accounted for $105.4 billion in direct and indirect economic activity, 676,000 jobs, $36.2 billion in compensation for employees and $15.2 billion in tax and revenue-sharing payments, according to the study.

    “Tribal gaming operators are present in 28 states and create nearly half of all U.S. gaming revenue,” said Sara Slane, senior vice president of public affairs for the American Gaming Association. “This report details the widespread economic impact that tribal casinos have in states across the country, providing diverse career opportunities, supporting local businesses and generating tax revenue and revenue share payments for all levels of government.”

    The AGA partnered with Meister Economic Consulting on the study, which relied on tribal gaming data included in Meister’s “2018 Indian Gaming Industry Report,” including tribal casinos’ gaming and nongaming revenues and tribes’ gaming-related payments to federal, state and local governments.

    The Meister report, released in October, found that tribal gaming experienced a seventh straight year of growth in 2016, outperforming commercial casinos. Tribal gaming represents about 45 percent of the U.S. gaming market.

    Foxwoods and Mohegan Sun combined to generate about $1.6 billion in gaming revenue in 2016, an increase of slightly more than 5 percent over the previous year. It was the first year of growth following nine straight years of decline, according to the report.

    b.hallenbeck@theday.com

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