The Gun Lake Tribe announced its spring revenue sharing payments that continue to benefit schools and the community. The State of Michigan received $4,603,777, the Local Revenue Sharing Board received $2,301,883 and 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 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 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 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 employs over 1,100 team members. The tribe has shared $126,655,194 with state and local governments over 17 distributions.
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.