Tribal Casino Revenue Rose 2.4% to $42bn in 2023 Despite Profit Margins Tightening
A new report shows that tribal casinos in the US generated almost $42bn in gaming revenue last year. [Image: Shutterstock.com]
Tribal casinos have reported a 2.4% uptick in gross gaming revenue for last year, with the total reaching a record $41.9bn. The Indian Gaming Cost of Doing Business Report detailed the results from 132 tribal organizations in 18 US states, covering more than 500 distinct properties.
profit margins tightened from 36% in 2021 to 30% in 2022 to 26% last year
The report noted that profit margins tightened from 36% in 2021 to 30% in 2022 to 26% last year. Sports betting still isn’t a major revenue source for tribes despite its gradual spread across the country, as tribes still rely heavily on land-based operations.
In comparison to the almost $42bn in gaming revenue tribal casinos generated in 2023, the American Gaming Association (AGA)’s report on the commercial sector in the country outlined that US commercial properties made more than $66bn last year, also an all-time high.
