Arizona's tribal casinos are on a winning streak
According to the Arizona Department of Gaming (DoG), tribal casino operators in the state continue to impress. They reported a 4.4% increase in revenue for the latest financial quarter, taking in $27 million in the second quarter of the year. For the sixth straight quarter, tribal-owned casinos have reported an increase in their revenue.
Arizona tribes with a Class III license contribute between 1%-8% of their gross gambling revenue (GGR) to state, city, town and county governments. According to the DoG's director, Daniel Bergin, the GGR for the casinos will give the governments around $13 million to be used for Arizona's Instructional Improvement Fund for education, with another $7 million to be earmarked for supporting emergency and trauma services in the state. Other monies will be allocated to the DoG to help cover its operating costs, with additional funds to be distributed for state tourism and wildlife conservation.
When the DoG released its revenue report for the first quarter of the year, it revealed that the 24 tribes in the state contributed almost $26 million in payments. The tribes have consistently been approaching $26 million for four of the past five quarters, finally seeing a substantial $1-million increase in the latest quarter. Over the past fiscal year, the tribes have contributed a total of over $121 million to the Arizona Benefits Fund, which distributes the money to the different jurisdictions around the state.
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