HomePublicationsNewsletter ArchiveNewslettersVolume 18Issue 35Gun Lake Disburses Revenue Sharing Payments

On November 27, 2012, the Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians (Gun Lake Tribe) announced details of its fourth revenue sharing payment to the state and local governments. The semi-annual distribution granted the state $7,002,443 while local governments and municipalities received $1,679,512. The local payments are calculated based on 2 percent of net win from electronic gaming devices, while the state payment is based on a sliding scale from 8 to 12 percent, based on gaming revenue earned between April 1, 2012 to September 1, 2012.

The payments to the Local Revenue Sharing Board are distributed to local municipalities for costs incurred due to the operation of the casino; public safety services; and replacement of property tax revenue.

The payments are made under the terms of the tribal-state gaming compact and do not include charitable donations. The Gun Lake Tribe noted that since the Gun Lake Casino opened two years ago, the Tribe has now shared a total of $27,136,145 with state and local governments.

Gun Lake Casino opened in February 2011 and currently employs more than 800 individuals. For more information about the Gun Lake Casino, please visit www.gunlakecasino.com.

 

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