Per cap numbers indicate faltering revenues at North Carolina Cherokee casinos

Wednesday, November 29, 2023 9:47 PM
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  • Holly Kays, Smoky Mountain News

The most recent per capita distribution numbers indicate flagging revenues at the two casinos operating on Eastern Band of Cherokee Indians lands in Jackson and Cherokee counties.

The December payment will come in 14.1% lower than the December 2022 distribution, with the combined June and December distributions for 2023 8.6% lower than in 2022.

All tribal members receive these per capita payments as shareholders in the tribe’s casino enterprise. They’re not a perfect reflection of casino profits, as the number of shareholders is slightly different at each distribution, but they’re a good indicator.

After taking a hit in 2020, per capita distributions surged in 2021 and 2022, with the 2022 total 23.8% higher than the total just three years earlier in 2019.