INDIA GAME SALES IN FY21 RISE 40% Year-on-Year
The National Board of Indian Gaming (NIGC) released its 2021 (Fiscal Year 2021) Total Game Revenue (GGR) report, up 40% year-on-year to $39 billion in revenue.
The latest figures represent the highest earnings figures in Indian game history and show that all administrative districts have reported positive revenue growth from the previous year. The year-on-year growth is also the largest reported increase since the NIGC began recording earnings figures.
However, NGIC noted that fluctuations in earnings have been significantly impacted by pandemic closures and that positive trends will take time to represent the overall health of the industry.
The report was officially released yesterday in Tulsa, Oklahoma, when Chairman E. Sequoyah Simmereyer and Vice Chairman Jeannie Hobland broadcast live.
In response to the results, Simmermeyer said:
“The NIGC acknowledges that this year’s rebound did not feel the same for all tribes. We are committed to helping all tribal operations benefit from the regulatory lessons learned over the past two years. To build regulatory staff readiness, every part of the Indian gaming industry is responsible for learning from the experience of the tribe that built the path, so we can preserve those lessons and retain that knowledge for generations to come.”
He went on to add:
“We experienced a record number of closures last year, but there was also growth as new operations began. This shows that game operations and shortages are making difficult decisions in the process of rebounding from the pandemic.”
Hovland vice chairman noted that positive results also reflect Indian game geography, population and financial diversity:
“The industry has a lot to celebrate and be proud of. This year’s revenue, with 43 gaming operations reporting over $250 million in GGRs and accounting for more than 50% of total revenue, highlights the wide diversity of gaming operations across Indian countries.”
Revenue for fiscal 2021 was calculated using independent audit financial statements relating to 510 game operations owned by 243 federally recognized tribes across 29 states. 슬롯머신