RubinBrown Gaming Stats 2019

TRIBAL GAMING ST. PAUL & RAPID CITY REGION †

$1.0B $1.5B $2.0B $3.0B $2.5B $4.0B $3.5B $4.5B $5.0B $5.5B $6.0B $6.5B $8.0B $8.5B $7.5B $7.0B $9.0B

60 OPS 50 OPS 40 OPS 30 OPS 20 OPS 10 OPS 70 OPS 80 OPS 90 OPS 100 OPS 110 OPS 140 OPS 150 OPS 130 OPS 120 OPS 160 OPS

134

132

111 3

130

128

120

120

119

119

115

NO. CASINO OPERATIONS

GAMING REVENUES

0 OPS

$4.40B

$4.38B

$4.45B

$4.57B

$4.80B

$4.75B

$4.68B

$4.83B

$4.88B

$4.95B

FY 2008

FY 2009

FY 2010

FY 2011

FY 2012

FY 2013

FY 2014

FY 2015

FY 2016

FY 2017

DATA FROM NIGC’S ANNUAL STATISTICAL RELEASE FOR TRIBAL FISCAL YEARS ENDING IN 2017.

15.7% TRIBAL GAMING REVENUES

GAMING REVENUE $4.95B

GAMING REV $2.39

THREE-YEAR COMPOUND ANNUAL GROWTH RATE 1.9% FIVE-YEAR COMPOUND ANNUAL GROWTH RATE 0.6%

$51.49M VERAGE REVENUE PER CASINO

$37.79M AVERAGE REVENUE PER CASINO

131

CASINO OPERATIONS

1.3%

6.5% OF ALL 2017 GAMING REVENUES

In 2017, the St. Paul and Rapid City regions collectively generated $4.9 billion in revenues, an increase of 1.3% over the prior year. The combined regions include over 131 casinos across 10 states. In April 2018, the National Indian Gaming Commission (NIGC) established an eighth regional office in Rapid City, South Dakota. The creation of the eighth region effectively split the legacy St. Paul region into two separate regions. The additon of an eighth region provides the NIGC with more resources to serve what was the largest region in terms of geographic area and number of casinos. Newly Formed Rapid City Region: The region represents 39 casinos across 4 states (North Dakota, South Dakota, Montana and Wyoming) and generates $363.3 million in gaming revenues. In 2017, the region reported a 2.7% decline in total gaming revenues. The decline in revenues across this region is primarily attributed to the oil and coal driven regional economic recession originating from low global energy prices. The suppressed energy prices have led to tens of thousands of jobs being lost across the coal producing Powder River Basin in Wyoming and the oil and natural gas producing Bakken formation in North Dakota. The Reshaped St. Paul Region: The region now represents 92 casinos across six states (Indiana, Iowa, Michigan, Minnesota, Nebraska and Wisconsin) and generates $4.6 billion in gaming revenues. In 2017, the region reported revenue growth of 1.7%. The region’s revenue growth was consistent with the 1.8% revenue growth reported by the Midwest Commercial Casinos in 2017.

Tribal Gaming

21

† see statistical note on page 25