Gun Lake Tribe Shares $8.2 Million with State and Local Governments
(Bradley, Mich.) – Today, the Gun Lake Tribe (Tribe) announced details of its spring revenue sharing payments. The State of Michigan received $4,603,777 and the local revenue sharing board received $2,301,883. GLIMI, an economic development entity, received $1,381,130. The figures are calculated from electronic gaming revenues reported from October 1, 2018 to March 31, 2019.
“We are pleased to continue sharing revenue with the local community,” said Bob Peters, Chairman of the Gun Lake Tribe. “The compact payments fund important local services, and k-12 public education programs, that greatly enhance the quality of life in our area.”
The Tribe’s state revenue sharing payments are dependent on the continued preservation of exclusive gaming rights within its competitive market area, as defined by the tribal-state gaming compact, which also includes statewide expansion of certain lottery games. The market area includes the cities of Grand Rapids, Kalamazoo, and Lansing, as well as the entire counties of Kent, Kalamazoo and Ingham, among others.
The Tribe has now shared more than $80 million with the State of Michigan, which directs the payments to the Michigan Economic Development Corporation. The MEDC in turn awards grants to businesses to invest in Michigan and create jobs.
The Local Revenue Sharing Board receives and administers the semi-annual payments. The gaming compact prescribes mandatory funding to local municipalities for: costs incurred due to the operation of the casino; public safety services; and replacement of tax revenue. The Board established by-laws to govern the distribution process. The local payments are made under terms of the gaming compact independent of gaming exclusivity.
Gun Lake Casino opened in February 2011 and now employs over 1,100 team members. The Gun Lake Tribe has now shared $126,655,194 with state and local governments over seventeen (17) distributions.