Gambling $13 Billion Industry in California Fueled By Indian Casinos

Gambling in California, fueled in large part by the expansion of Indian casinos, has grown into an industry worth more than $13 billion a year, according to a report released Wednesday by the state attorney general. Indian casino revenue made up the biggest single chunk, with an estimated $5.78 billion in 2004, the latest year for which figures were available, the 181-page report said.

Researchers found modest revenue benefits to state and local governments. For example, from 2001 to 2004, tribal casinos contributed $154.6 million into a pair of state revenue-sharing funds. The contribution is dwarfed by the roughly $17 billion in gross revenue Indian casinos saw in the same period. Horse-race wagering came in second in annual gambling revenue at $4 billion, followed by $3 billion by the state's lottery sales and $655 million by card clubs.

June 2, 2006
Posted By Hector Rodriguez
Staff Editor, CasinoGamblingWeb.com    Previous Page | Internet Gambling | Top Online Casinos | Submit News!

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