Oklahoma Indian gaming revenues are growing more than three times faster than national Indian gaming revenues, according to a report released Wednesday by a California economist.
Casino City’s 2014 Indian Gaming Industry Report portrays a thriving Oklahoma Indian gaming industry, listing nearly a dozen new or expanded casino-related facilities that opened in 2013 and identifying several more scheduled to open in 2014 or 2015.
Among the expansion projects the report cites as being on the horizon this year are:
•A third hotel tower at the Chickasaw Nation’s WinStar World Casino near Thackerville, expected to be completed by May.
•The addition of a hotel at the Comanche Red River Casino near Devol, which is scheduled to open this spring.
•An expansion of the Wyandotte Nation Casino in Wyandotte that will double the size of the existing casino and add a bowling alley and entertainment venue. It is scheduled for completion in late 2014.
“Oklahoma is continuing to grow at a healthy pace,” said California economist Alan Meister, who compiled the report.
Meister noted that a lot of the gaming-related construction growth in Oklahoma involves the addition of amenities, such as hotels, restaurants and entertainment facilities.
“That’s sort of the trend that has been happening over the years, where Indian gaming facilities have been tending to add more of the non-gaming amenities so they can have more well-rounded facilities,” he said.
Many have become more like resorts, he said.
Revenues from Oklahoma Indian gaming casinos rose to $3.7 billion in 2012, an increase of about 7 percent from the previous year, according to Casino City’s 2014 Indian Gaming Industry Report.
Nationally, Indian gaming revenues rose to about $28.1 billion in 2012, an increase of about 2 percent over 2011.
The report says it utilizes data from 2012 because that is the most recent year for which such statistical information is available.
The number of tribal gaming machines in Oklahoma increased about 7 percent to 68,134 in 2012, while the number of table games rose about 8 percent to 813, the report says.
State benefits from gaming compacts
Revenue the state receives from tribal gaming compacts increased last fiscal year, going from $123,872,079 in
fiscal year 2012
to $128,097,759 in
fiscal year 2013.
The state has received $80,576,907 through the first eight months of the current fiscal year, with four months remaining.