Tribal Casino’s Big Jackpot

The 30 Indian tribes that operate casinos in Oklahoma paid the state a record $118.2 million in gaming fees in fiscal 2010.

State revenue from Indian casino gambling is up 5,000% over the last six years.

The Oklahoma Office of State Finance said three tribes accounted for 58% of the gaming revenue total. The state received $33.3 million from the Chickasaw Nation, $22.7 million from the Choctaw Nation, and $12.2 million from the Cherokee Nation.

The 27 other tribes contributed about $50 million.

State law dedicates 88% of Native American gaming revenue to common education funding, with 12% to the general fund.

Indian gaming operations in Oklahoma generated $2.9 billion in 2008, second nationally only to $7.3 billion in California.

Oklahoma collects a fee of 4% to 6% on electronic casino games, and 10% on card games.

For reprint and licensing requests for this article, click here.
MORE FROM BOND BUYER