RubinBrown Gaming Stats 2011

National Indian Gaming Analysis

After a decade of rapid growth and expansion, 2009 was the first year in over a decade that Indian gaming suffered from a decline in revenues. Utilizing data compiled by the National Indian Gaming Commission (NIGC), Indian gaming revenues declined by 0.7%, or $0.2 billion in 2009. While Indian gaming revenues declined, tribal operations still outperformed their commercial counterparts, as the commercial gaming industry recognized an industry wide decline of 6.45% in 2009. The decline in Indian gaming revenues is largely due to two consumer discretionary spending, which has translated to reduced patron levels and average patron spend. Second, Indian gaming is becoming a mature industry and the expansion of Indian gaming into new markets is occurring at a slower rate. factors. First, the economic recession greatly reduced

Ten Year History of Indian Gaming Revenues

$30B

$25B

$20B

$15B

$10B

$5B

$0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Number of Casinos by Revenue Range

100

80

60

40

20

0

Under $3M

$3M-$10M $10M-$25M $25M-$50M $50-$100M $100M-$250M $250M and Over

FY 2007

FY 2008

FY 2009*

*At the time of publication the NIGC had not released the 2010 information, as they were still compiling financial results from tribal operations with fiscal years ended during 2010.

33 | Raise Your Expectations