Remember when the tribes PROMISED us they'd help balance our budget? We discussed that here: How’s Expanded gaming worked out for CA?
Remember this commercial against expanded gaming?
California's American Indian gambling industry continued to struggle in 2010 for the third year in a row, a report released last week shows.
It was the longest decline since gambling was legalized 12 years ago, according to the annual Indian Gaming Industry Report compiled by Alan Meister, an economist with Nathan Associates Inc.
One silver lining for the industry in the state was that the rate of decline was beginning to slow, Meister said.
"Although it is a negative, it is an improvement (over previous years)," Meister said. OP: And improvement because the decline wasn't as bad? Isn't an improvement when it's doing better and CA is getting the money promised?
The 66 Indian casinos in California generated an estimated $6.8 billion in revenue, or about 2.5 percent less than the $6.9 billion they took in the previous year. Revenue fell 5 percent from $7.3 billion in 2008 compared to 2009.
Meister blamed the struggling economy for the industry's falling revenue. He said people have less disposable income because many have lost their jobs.