"I have put together a resource center that focuses on the best casino games as
well as the best casinos to increase your odds of winning."
- Jerry Whittaker
GAMBLING WIZ
U.S. PLAYERS ACCEPTED
GAMBLING NEWS
GAMBLING SOFTWARE
CASINO GROUPS
MORE GAMBLING
MISC.
  • Gambling Forum
  • Casino Affiliates
  • Directory
  • Pixel Link
  • Webmasters
  • Newsletter

 

 

  •  
 

Friday, June 02, 2006

California Gambling Revenue Rises

As reported by the San Francisco Chronicle: "Gambling in California, fueled
in large part by the expansion of Indian casinos, has grown into an industry
worth more than $13 billion a year, according to a report released Wednesday
by the state attorney general. "Indian casino revenue made up the biggest
single chunk, with an estimated $5.78 billion in 2004, the latest year for
which figures were available, the 181-page report said. Researchers found
modest revenue benefits to state and local governments. "For example, from
2001 to 2004, tribal casinos contributed $154.6 million into a pair of state
revenue-sharing funds. The contribution is dwarfed by the roughly $17
billion in gross revenue Indian casinos saw in the same period.

"Horse-race wagering came in second in annual gambling revenue at $4
billion, followed by $3 billion by the state's lottery sales and $655
million by card clubs.

"Gambling has emerged as one of the state's biggest industries when compared
to such giants as agriculture, whose revenue totaled $34.3 billion in 2004."

posted by Jerry "Jet" Whittaker at 6/02/2006 06:15:00 AM

 

Add to My AOL  Add to Google  Subscribe in NewsGator Online  







Remember, you can beat the odds, but you can't beat the percentages.