Newton, Massachusetts, March 26, 2014 (GLOBE NEWSWIRE) -- Casino City Press today announced the release of the 2014 edition of Casino City's Indian Gaming Industry Report - the most comprehensive, up-to-date study of Indian gaming available - authored by Dr. Alan Meister, an economist with Nathan Associates Inc., who has done extensive research and analysis on Indian gaming issues.
The Report provides calendar year 2012 nationwide and state statistics (the latter not available anywhere else) including: gaming and non-gaming revenue; Class II vs. Class III gaming; number of facilities, tribes, gaming machines, and tables; and revenue sharing with state and local governments. The Report also includes comparisons across states and classes of gaming, state-by-state market summaries, historical perspective and trends, an examination of the reasons for Indian gaming performance, comparisons to other gaming segments, an economic impact analysis measuring Indian gaming's contribution to the U.S. economy, and a qualitative future outlook.
Significant findings include the following:
- Gaming revenue at Indian gaming facilities nationwide grew 2.0% in 2012 to approximately $28.1 billion.
- This was the third straight year of growth, putting gaming revenue at an all-time high.
- In 2012, there were 243 Native American tribes operating over 346,000 gaming machines and 7,700 table games in 468 gaming facilities across 28 states.
- The top 2 states generated approximately 38% of total gaming revenue at Indian gaming facilities; the top 5 states generated about 60%; and the top 10 states generated 86%.
- Indian gaming facilities, including non-gaming operations, directly and indirectly generated approximately $91 billion in output, 679,000 jobs, $30 billion in wages, and $9 billion in taxes and revenue sharing payments to federal, state, and local governments.
- Indian gaming grew at a slower pace than other casino gaming segments. The commercial casino and racino segments grew 4% and 8%, respectively.
- Indian gaming generated approximately 43% of all U.S. casino gaming revenue in 2012.
Dr. Meister said that the performance of Indian gaming in 2012 was both positive and negative: "While it was good to see Indian gaming continue to grow on a nationwide basis, the fact that it grew at a slower pace than 2011, its pre-recession pace, and other casino gaming segments in 2012 is cause for concern."
Casino City's Indian Gaming Industry Report is relied upon by the gaming industry, other related industries, government/regulatory agencies, and the investment community. As in previous years, this report continues to be the product of independent scholarly research. Neither Dr. Meister nor Nathan Associates nor Casino City was commissioned to prepare it.
For more information and to order a copy of the report, visit www.CasinoCityPress.com.
CONTACT: Alan Meister, Ph.D. Nathan Associates Inc. 949-474-4955 Source:Casino City