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Report: Potawatomi Casino reports yearly drop in gambling revenues

MILWAUKEE (WTAQ) - Wisconsin's only big city casino saw its gambling revenues drop by almost three percent in the past year.

According to figures from the Journal Sentinel, the Potawatomi Casino in Milwaukee won just over $350 million from players during the year ending June 30th. It was the fourth straight year that the casino's gaming revenues were either decreased or flat.

Experts say it's no surprise, since a gaming market that was once considered a popular novelty has matured. The newspaper makes an estimate based on payments made to the city and county of Milwaukee -- both of which get 1.5 percent of the casino's net winnings after it makes it its annual payment to the state.

The Potawatomi contends that its gaming revenues will drop even further if Governor Scott Walker approves a proposed Hard Rock Casino and hotel for nearby Kenosha, which the Menominee tribe wants to build.

Supporters of the Kenosha project say it would tap into new markets not served by any of Wisconsin's casinos.

The governor has until February to announce his decision, after the federal government gave its blessing to the project a few months ago. Meanwhile, the Potawatomi is opening a large hotel this month at its Milwaukee gaming house.

(Story courtesy of Wheeler News Service)