Tribal gross gaming profits (GGR) for 2020 fell to $27.8bn in the US, unsuprisingly offered the impacts of the Covid-19 pandemic and relevant on line casino shutdowns.
What is probably surprising, even so, is the fact earnings only fell 20% given the closures and subsequent social distancing measures that ended up enforced.
Tribes’ “resilience” has been praised, despite the fact that there is open acknowledgement that 2020’s final results have absolutely bucked the trend of 12 months-on-year development for tribal casinos.
Nationwide Indian Gaming Fee Chairman E. Sequoyah Simermeyer reported: “This GGR was anticipated the unidentified was just how substantially of an effect Covid-19 experienced on Indian gaming. Just about every yr, the yearly GGR determine tells a story about Indian gaming’s successes, contributions to Indian communities, and financial impacts.
“This was highlighted even much more in the course of the pandemic. Nevertheless, tribes ended up on the forefront of making benchmarks, creating new security protocols, and sharing community methods. I foresee this lessen as only a non permanent setback for Indian gaming.”
The biggest person geographical lower came in the Rapid Town Area, where by GGR fell by 37%. Over-all US data was taken from a overall of 524 independently audited financial statements from 248 federally recognised tribes throughout 29 states.
Vice Chair Jeannie Hovland included: “Despite the boundaries and uncertainty of the past year, it is important to concentrate on the sacrifices of and economic refuge delivered by tribes and the group impacts.
“Tribal gaming has proven resilience and determination, and continues to acquire new roads to financial security. I look ahead to observing Indian gaming continue to lead the way in endeavours to decrease the financial influence of the Covid-19 pandemic.”