PHOENIX — Casinos in Arizona have seen a growth in revenue for the fourth year in a row, according to the Phoenix Business Journal.
Arizona casinos made $1.82 billion in revenue in 2014, marking a fourth straight year of growth. The findings, published in Casino City’s Indian Gaming Report, concluded the industry grew $11 million from 2013, equating to 0.6 percent.
The state was ranked No. 5 in the nation for highest gross for states with Indian gaming. California, Oklahoma, Florida and Washington rounded out the top five.
According to the report, the top five states in the nation made up more than 60 percent of the total national gaming revenue, which reached an all-time high of $28.9 billion.
Even though Arizona boasts one of the highest revenues in the nation, state officials said the growth has been relatively slow.
Amanda Jacinto with the Arizona Department of Gaming said in an interview with the Phoenix Business Journal that the growth in casino revenue is a sign of a growing economy in the state.
Last month, the Yavapai-Prescott Indian Tribe announced they will be taking the first steps to build a new casino and resort in the Prescott area.
- Chandler’s Tumbleweed Tree named as best Christmas lights, tree in Arizona
- Medical marijuana in Arizona will not be challenged by US Supreme Court
- Arizona utility regulators explore forest biomass for power
- Weekend wrap-up: Biggest stories from past weekend in Arizona, nation
- Tucson police locate 6-year-old boy shortly after issuing alert