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Potawatomi Casino gaming revenues drop more than 1% in past year

MILWAUKEE (WTAQ) - Gambling revenues at Wisconsin’s only big city casino dropped by about one-and-a-quarter percent over the past year.

New figures show that Milwaukee’s Potawatomi Casino won a total of $363 million from gamblers in the year ending June 30th. That’s about $5 million less than the previous year.

Casino industry analyst Michael Paladino tells the Journal Sentinel that the Las Vegas Strip has made gains since the Great Recession. However, he says Atlantic City and other regional gaming markets have either held steady, or had declines in revenues.

The Potawatomi tribe is based in Forest County, and its Milwaukee gaming house was the nation’s first off-reservation casino. Its net winnings grew until 2009, and they’ve been about steady since then.

The Journal Sentinel says the winnings have been enough to support annual payments of about $70,000 to each of the 1,500 Potawatomi members.

The city and county of Milwaukee and the state also get a share of the total take. Tribal officials expect a boost next year, when a hotel opens next to its Milwaukee casino.