In a significant announcement made at the Wisconsin Gaming Regulators Association Summer Conference in Green Bay, the National Indian Gaming Commission (NIGC) reported a record-breaking gross gaming revenue (GGR) of $41.9 billion for tribal casinos in 2023. This figure represents a 2.4 percent increase from the previous year’s GGR of $40.9 billion. This achievement highlights the ongoing growth and resilience of the tribal gaming industry across all eight NIGC regions.
Record-Breaking Revenue Growth
The reported GGR of $41.9 billion for 2023 marks a new high for tribal gaming revenue, underscoring a notable 2.4 percent increase from the $40.9 billion reported in 2022. This growth reflects the enduring strength and expansion of tribal gaming operations despite an evolving gaming landscape.
Regional Growth Across All NIGC Regions
For the first time, every one of the eight NIGC regions reported growth in their gaming revenues. This widespread improvement signifies not only a robust performance across various tribal gaming enterprises but also the effectiveness of diverse regulatory and operational strategies implemented throughout these regions.
Statements from Key Officials
At the Wisconsin Gaming Regulators Association Summer Conference, Acting Chairwoman Sharon M. Avery and Vice Chair Jeannie Hovland provided insights into the revenue increase and its implications for the future of tribal gaming.
Acting Chairwoman Sharon M. Avery’s Perspective
Avery emphasized that the impressive GGR results are a testament to the strength of the regulatory framework and the diverse nature of tribal gaming enterprises. She highlighted the role of ingenuity and perseverance among tribal gaming operators and regulators in achieving these results. Avery’s statement reflects the commitment to leveraging tribal gaming as a vital resource for economic sustainability within tribal communities.
Vice Chair Jeannie Hovland’s Viewpoint
Hovland congratulated the industry’s regulators, operators, and tribal leaders for their successful navigation of a competitive market. She pointed out that the industry’s resilience and expertise are yielding substantial benefits for tribal nations, aligning with the objectives set forth by the Indian Gaming Regulatory Act (IGRA).
The 2023 gross gaming revenue report by the NIGC underscores a remarkable year for tribal gaming, with a total revenue of $41.9 billion, marking a 2.4 percent increase from the previous year. The growth across all eight NIGC regions highlights the effectiveness of tribal gaming operations and regulatory frameworks. Statements from key NIGC officials reflect the significance of resilience and innovation in achieving these results. As the industry looks to the future, technological advancements, regulatory developments, market expansion, and community benefits will play pivotal roles in shaping its continued success.