The National Indian Gaming Commission reported gross gaming revenues of record for the fiscal year.
Federal regulatory agency reports $41.9 billion gross gaming revenues in FY2023, exceeding the previous record set in 2022 of $40.9billion. These results are based on the audited statements of 527 gaming businesses within 245 tribal groups in 29 states. Tribes are required to provide financial statements by the NIGC for class II, and class III gaming.
In a press release, NIGC’s acting chairwoman Sharon M. Avery said that the gross gaming revenues for this year demonstrate how a robust regulatory framework and diversity in tribal gaming enterprises create growth in gaming. This year tribal gaming operators, regulators, and the gaming industry have once again proven their ingenuity, tenacity, and resilience, even when faced with a constantly changing gaming landscape.
Sacramento is the leader in all Regions
Despite a variety of factors, including expansion and regulatory changes, all eight regions that are covered by the NIGC saw an increase in gross revenues year over year during FY2023.
Sacramento topped all NIGC Regions in FY2023, with gross gaming revenues of $11.9 billion. In FY2022, the region with 87 gaming operations posted gross revenues of $11.7 billion.
In FY2023, the D.C. Region closed with a gross revenue that was second highest among NIGC regions.
The 44 businesses in the region generated gross revenues of $9.1 Billion dollars, an increase of 2.4% over last year. St. Paul was the third-largest region with gross revenues of $5 billion for FY2023. St. Paul’s gross revenue reached $4.9 billion during FY2022.
Portland finished FY2023 with the 4th highest gross revenue rate in the country.
In FY2023, the region, which is home to 53 businesses, generated $4,5 billion in revenue. Portland’s gross revenue for the previous fiscal year was $4.4 billion. This region is made up of federal tribes in Oregon Washington Idaho Alaska.
Competitive landscape
In FY2023, the Oklahoma City region, Phoenix region and Tulsa reported similar results. Phoenix’s gross revenues in FY2022 were $3.9 billion, up by 5.5%. This region has 54 businesses in Arizona Colorado New Mexico and part of Nevada.
Tulsa reported $3.5 billion gross revenue for FY2023, an increase from $3.4 billion the previous year. Oklahoma City’s adjacent region reported gross revenues of $3.2 billion for FY2023. In FY2022, the region reported gross revenues of $3.1 billion.
In Oklahoma City, the NIGC includes one of America’s most populous States: Texas.
Rapid City45’s operations ended FY2023 at the lowest gross revenues for NIGC tribes, $425.8 millions dollars. This is up from the $406.1 million dollar figure for the previous fiscal year.
The NIGC not only guides tribal gaming operations, but ensures that federal control is properly maintained. It also investigates and takes action against instances of fraud, corruption or lack of integrity.
