
Indians & Trial Lawyers
Friday, May 23rd, 2008
Indian Gambling: Native American Indian Tribes have been allowed to hold legal gambling in many states for a long time. The original purpose of this was to give some economic activity to large numbers of full-blooded Indians living on reservations in remote areas with little economic opportunity. In many cases, such legal gambling has been successful in achieving the desired result.
However, now there is much abuse of this privilege. This abuse comes from the fact that there is absolutely huge money to be made from establishing one of these casinos, particularly if you can get it in or near an urban area. That gigantic profit opportunity comes from several factors. First of all, in most states, Indian casinos are a government-sanctioned monopoly, with little competition except from other Indian casinos. Secondly, they regulate themselves, by and large. So, unlike Nevada where the Nevada Gaming Commission (NGC) establishes and monitors minimum payouts, Indian casinos can pretty much pay out as little in winnings as they can get away with so their margins are much higher. And, of course, they are not subject… Read More