Our Opinion: Gaming profits help Az, cities
by Tucson Citizen on Sep. 23, 2008, under OpinionDespite decreased gambling revenues from January through June, Arizona’s 23 Indian casinos ended the fiscal year June 30 with a revenue increase of 1.9 percent.
All Arizonans will benefit from the tribes’ extra $38 million, giving them an annual take of $1.982 billion.
Because of the increased profits, the state received $3.8 million extra in revenue sharing from the tribes, for a total of $96 million.
That money is doled out to school districts, trauma centers, problem-gambling services, wildlife conservation and tourism promotion, as delineated by Arizona voters in the casino enabling legislation of 2002.
The tribes also will distribute another $15 million to cities or counties, as they choose.
As the bad economy continues to hit state and local governments hard, the shared Indian gaming profits bring some relief.