Despite decline, casino sharing hits new mark
BRADLEY—Money the Gun Lake Tribe has shared with the state and with local governments has now topped $50 million.
A June 9 press release said the tribe had given the State of Michigan $6,316,920 and a local revenue sharing board $1,597,230.
That board will distribute the money to Wayland Union Schools, Allegan County, the Allegan Area Educational Service Agency, the City of Wayland and surrounding townships.
The payments are distributed twice a year; these latest numbers are calculated from the money wagered on electronic gaming from Oct. 1, 2013, to March 31, minus win-payouts.
The state receives between 8 and 12 percent of the net win, depending on the total; the local revenue sharing is 2 percent.
Gun Lake Tribal chairman D.K. Sprague said, “This revenue sharing distribution marks a very significant milestone. Today, we have given more than $50 million to state and local governments in support of many worthwhile causes.
“The tribe is proud to continue making meaningful contributions to the community.”
It has shared a total of $52,235,219.
These latest totals mark a decline in shared revenue, the lowest since fall 2011, the year the casino opened. Then, the payments were $6,241,766 to the state and $1,560,441 to local governments.
This is only one of two payments this year, however; spring payments tend to dip while fall payments rise.
The total annual local revenue sharing by year is: $2,075,312 in 2011 (a partial year, as it opened in February); $3,278,743 in 2012; and $3,368,276 in 2013.
The local revenue sharing board has two months to distribute the money, using a formula designed to cover costs incurred due to the operation of the casino; public safety services; and replacement of tax revenue.