Gambling Revenue Up By Thirty Percent At Oklahoma Tribal Casinos

Oklahoma tribal casinos are thriving. Perhaps that is why Penn National decided against a casino in Kansas where an Oklahoma tribal casino was their main competition.

The tribal casinos in Oklahoma beat their revenue from fiscal year 2008 by thirty percent in 2009. That is an increase to $105.6 million in revenue for the state.

It was three of the states seven tribes that operate casinos that were the main contributors. They provided the increase of even more than thirty percent, but the other four tribes had revenue that dropped from the previous year.

"Tribal casinos just continue to grow their business and the state is feeling the effects," said observer Manuel Hastins, "if they can do this in a poor economy, I can't wait to see what they can do when the economy turns back around in a positive direction."

While tribal casinos in Oklahoma prospered, other states are watching revenue decline in record numbers. State casinos have fared much worse than tribal casinos throughout the recession. Las Vegas and Atlantic City, two of the biggest gaming destinations in the nation, are both in trouble financially.

Several Atlantic City casinos have gone into bankruptcy, and Nevada casinos are not far behind. Gambling expansion around the country has kept people from having to travel to play at a casino.

July 4, 2009
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
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