Online Casino Crawler with top online gambling news and online casino information source since 2001. Wide variety of Internet gambling tips, strategies. Don’t forget to check our complete online casino games totally free, we offer slot machines, video poker, online blackjack and much more.
Tribal gambling revenues soaring in Oklahoma
<< Back
revenues
revenues [Enlarge Image]
By Gene Koprowski
The government of the state of Oklahoma received a surprising $70.4 million last year from Indian gambling compacts; triple the revenues it received a year earlier, according to state officials.


Experts said the Chickasaw Nation led Oklahoma's Indian tribes for revenues sent to the state with $18 million. The Choctaw Nation was second with $16.5 million, and the Cherokee Nation came in third with $11.5 million.

According to State Treasurer Scott Meacham, the revenues may increase even more in the future. It is "likely that up to a 50 percent increase" in those payments could result if the National Indian Gaming Commission approves bingo-based gaming.

"If payments go up, it means more tribes are converting to compact games," said Meacham. "But that money doesn't go to the state as a whole, but straight to education."

According to Brian Campbell, CEO of Chickasaw Enterprises who his tribe is making the most compact fee payments among state tribes is not a surprise.

"The Chickasaw Nation is always among the top three tribes that contribute the most to the state's education fund," Campbell said.

Cherokee Principal Chief Chad Smith said the tribe's No. 3 position for compact payments is a direct result of finding its market and then competing for it. 

Officials see exclusivity fees as a barometer on how well a tribe's gambling enterprise is faring during the year.

Revenue payments increased from the beginning of the year to the end.

Compact payments started with $4 million in January and rose to $6.6 million by October.

The payments range from 6 percent to 10 percent of each tribe's revenues. About 33 of 37 federally recognized tribes have compacted with the state.

According to Janie Dillard, Choctaw executive director of gaming, her group pays 6 percent for compact games and 10 percent of table games revenue to the state.

"Over the past couple of years, some of the largest companies in the industry have had their games approved for play in Oklahoma under the state compact," she said.

Among other local tribes, the Osage Nation and Muscogee (Creek) Nation ranked fifth and seventh, respectively, among state tribes in total 2007 payments.

Oklahoma officials rely on tribal self-reporting and inventory amounts per casino the state already has to draw up their estimate of compacted games, Campbell said.
 
© Copyright 2008 Online Casino Crawler This material may not be published, broadcast, rewritten, or redistributed.



[Back]

Search



“Why Gamble Online?”: There are some ways to gamble, in a land based casino or online casino. Right now we are going to give you  some reasons why it is better to do it online. More...

Partners Casino listing
Casino Tales-All about casino games, tips of your favorite online casino right here...
RSS Online Casino Crawler
Free Subscription

Bonus Codes: The nice thing about an emerging & competitive industry is that consumers tend to get courted rather nicely. What bonus did you received? Learn More...
Sun Palace Casino

Cash-Out Options: In an actual casino cardroom, the term cash out is fairly literal. Learn More…
Read more articles related with the marvelous world of Online Casinos here...


Play Vegas Casino Online
 and  join the excitement
of playing at the
number one online casino

Vegas Casino Online