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Gun Lake Casino provides millions in local revenue sharing

by
The Gun Lake Casino (photo courtesy Gun Lake Tribe)
The Gun Lake Casino (photo courtesy Gun Lake Tribe)

WAYLAND (WKZO) -- The continued success of the Gun Lake Casino means plenty of revenue for the state of Michigan and for local governments.  The Gun Lake Tribe has announced spring revenue sharing payments of over 6.7-million dollars for the state of Michigan, and another nearly 1.7-million for the local revenue sharing board.

The local revenue sharing is based on a two-percent of net winnings from electronic gaming devices, while the payment to the state is made on a sliding scale of between eight and twelve-percent.  It's the fifth payment made under the terms of a tribal-state gaming compact, and to date the Gun Lake Tribe has paid over 35-million dollars under the agreement.

The Gun Lake Casino opened in February of 2011 and now has over eight-hundred employees.

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