Tribal Casino Revenues Down Across State

According to a new report, tribal gaming resorts in California saw a 6% drop in revenue in 2008, and the report's author, Alan Meister, foresees a similar drop across the local industry in 2009. The states 65 casinos generated $7.3 billion in '08, compared to $7.8 billion in '07. California represents 27% of the nation's total tribal gaming sector, and almost half the states saw decreases in gaming revenue over the last two years. So we suppose this means that in times of economic trouble, people actually gamble away less of their social security and unemployment checks! Kudos, gamblers.