While disputes about tribes building more casinos continue, many are wondering where the future of tribal commercial enterprises will go, and what impact it will have on local economies. There is no doubt that the driving force behind some tribes recent economic boom is casino revenues and so it is not surprising that tribes are still trying to build more casinos.
The Cherokee Nation in Oklahoma has reported that it has now paid the state over $100 million in gaming compact fees since 2005. Seemingly everyone is benefiting from the gaming boom, states, tribes…. But even with the huge amounts of money that are being dealt with there is still one group of persons who are left out.
A lot of the conversation and debate about Indian gaming can get bogged down in the particularities of having a casino in this location or that, about how much profit sharing there should be with the states, or the effects it has on the economy and social fabric of the community. At the end of the day the simple truth is that Indian Casinos are around to make money and states allow them to exist so that they can make money and create jobs for their citizens.
On April 12 of last year the Kialegee Tribe in Oklahoma signed a compact with the state of Oklahoma to engage in class III gaming (casino-style gaming). On July 8, Governor Fallin approved the compact. Since 2004 when Oklahoma passed State Question 712, this is all that needed to be done to have the compact take effect.
The amount of money at stake grows daily and the higher it gets, the more people get interested. People start to line up for a chance to try their luck. At this point it does not seem to be so much if the Jackpot will hit, but who will get to cash it in.