Odawa Indians Give Money
In 2005, the
Little Traverse Bay Band of Odawa Indians made enough money to pay out
Emmet County roughly $1.1 million. They paid in the form of two
checks, one for the first half of the year of $538,958 and the second,
recent, one for $598,958. Needless to say, the county is pretty happy
with the tribe – for they get 2% of the slot machines and gambling at
their Victories Casino.
The casino is
happy as well, for this means they are making enough money to be
paying the county more each time they write them a check. Since the
casino opened in 1999, they have been increasing in revenue slowly but
steadily. They took in nearly $57 million on their slot machines last
year alone. The state gets eight percent of that amount, with the
local county getting the two, based on the compact that the tribe has
with the state.
The local
government earmarks its money for different county causes and
charities, so everyone ends up making out for the best. The tribe is
now looking to expand from their original location, and want to build
a new slot machine casino next summer in
Bear
Creek
Township.
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