Oklahoma tribes approach $1B in revenue sharing with state

The Cherokee Nation debuted a new casino in Roland, Oklahoma, in May. Photo from Facebook

Oklahoma tribes are close to sharing $1 billion in gaming revenues with the state, The Cherokee Phoenix reports.

Cherokee Nation Gaming Commission Director Jamie Hummingbird believes tribes will hit the milestone this month. It would come 11 years after voters approved the Class III gaming compact through State Question 712 in 2004.

"This clearly shows that the Cherokee Nation and the other compacted Oklahoma tribes have clearly not only met, but exceeded our obligations that the state of Oklahoma has received $125 million, on average, each year for the past five years from gaming," Hummingbird told the Phoenix.

The fiscal year 2014 report from the Gaming Compliance Unit of the Office of Management and Enterprise Services showed that tribes shared $122.6 million in 2014, $128.1 million in 2013, $123.9 million in 2012, $122.2 million in 2011, $118.2 million in 2010, $105.6 million in 2009, $81.4 million in 2008, $46.8 million in 2007 and $14.2 million in 2006.

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Oklahoma tribes approach $1B in state gaming fees (The Cherokee Phoenix 8/10)

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