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McCain Home State Still Suffering From Gambling Decline

November 4, 2008

The cash flow into Arizona's casinos continues to slow as economic woes and high gas prices reduce the amount people are willing to spend on gambling.

Contributions to the state from Indian gaming operations dropped 9.5 percent in the past three months when compared with a year ago, the Arizona Gaming Department announced Friday.

It's the third straight quarter the Gaming Department has reported a decrease in year-over-year contributions and the largest decline since 2003, when the Arizona Tribal-State Gaming Compact went into effect, said Seena Simon, a Gaming Department spokeswoman.

The decline in contributions reflect a decrease in revenue in the state's gaming operations, though the department doesn't release tribal gaming revenues on a quarterly basis.

People are being more cautious with their money during these trying economic times, especially with the volatile stock market, said Sheila Morago, executive director of the Arizona Indian Gaming Association.

"As people see their 401(k) shrinking right before their very eyes, they're going to hold onto their money a little tighter," Morago said.

Arizona's tribes contributed $25 million for the quarter that ended Sept. 30, which is down from $27.6 million in the same quarter the previous year, the Gaming Department said.

"We're still making money, it's just not as much as it was last year," Morago said.

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