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Which Indian Casino Makes the Most Money?
The tribal casino business is booming. The latest fiscal year revenue statistics released in August 2022 indicated that the total revenue for tribal casinos stood at $39 billion, and it’s expected to increase significantly in 2022. Our experts at CasinoTopsOnline carried out research and found the most profitable tribal casino in the US.
Mystic Lake Casino Hotel: Most Profitable Casino
The most profitable tribal casino is the Mystic Lake Casino Hotel in Minnesota which the Shakopee Mdewakanton Tribe owns. Established in 1992, the venue offers over 760 rooms, a convention centre, an amphitheatre that seats 8,350, a convention centre, and a world-class golf course.
The hotel consists of the Promenade Tower, Lobby Towers, and Suites decked out in absolute luxury with views over the extensive golf course. Guests are treated to various bars and restaurants (11 in total), of which the Mystic Steakhouse is the favorite among guests.
Other restaurants include the Minnehaha Cafe, Sweet Temptations, Meadows Bar and Grille, Gambler’s Grille, Fusion Noodle Bar, Mystic Delhi, Caribou Coffee, Drinx Bar, The Lobby Lounge, and The Promenade Bar.
One of the main reasons for the casino’s great success is its massive array of casino promotions that it offers to customers. The casino offers daily, weekly, and monthly promotions to attract customers.
The most notable promotions we noticed were the Shift Into New Year car giveaway, the Jackpot November, the Mystic Slots Drawings, and the Thursday Night Lights Digital Drawings promotions. We counted a total of 16 promotions running at once at the time of our review.
Additionally, the casino runs several shows and events at a time. A total of 13 shows and events were advertised to take place from the end of November to early December 2022. Shows vary from live music shows performed by famous artists to dance shows.
In the casino, customers are spoilt for choice. The casino floor measures an incredible 150,000 square feet, including a variety of 4,000 slot games and 100 table games. A massive variety of poker, roulette, and dice games are available. Electronic craps, roulette, blackjack, and three-card poker games can be played on the casino floor.
Additionally, speciality games, including keno, mini lottery, scratchcards, and bingo, can also be played. If you prefer trying your hand with tournaments, the casino also has poker cash tournaments for you to enjoy.
The Wealthiest Tribe in America
Based on the information we could obtain, it’s estimated that the Shakopee Mdewakanton Tribe (which has an estimated membership of 460 members) are the wealthiest Native American tribe in the US.
With the proceeds earned from the Mystic Lake Casino Hotel and the Little Six Casino, each tribe member gets over $84,000 per month paid out to them. The revenues of these two casinos amount to approximately $1.4 billion per year. The Mystic Lake Casino Hotel contributes the most to the total revenue.
Each tribe member gets approximately over one million per year. The tribe’s reservation in Scott County, and not too long ago, the tribe members lived in trailers without plumbing facilities. Today, the tribe lives in absolute luxury, but they haven’t forgotten their impoverished beginnings.
It’s estimated that the community has donated more than $240 million since 1996 and lent more than $500 million to people in need. They’ve also given out many grants to universities and have endowed many scholarships to Native American students.
Community members don’t work, but they’ve taken up expensive hobbies like thoroughbred horse breeding or hunting, and all their children are enrolled in private schools. Tribal leaders have boasted that more than 99.2% of tribe members are unemployed. However, this is simply by choice.
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