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HomeGovernmentBusinessGaming Enterprise Board approves $8M increase in annual distributions

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Gaming Enterprise Board approves $8M increase in annual distributions

Osage Casinos will distribute $71 million in the 2024 Fiscal Year

The Osage Nation Gaming Enterprise announced Sept. 29 it will distribute $71 million to the Osage Nation in the 2024 fiscal year. The $71 million distribution is an $8 million dollar increase over the current fiscal year’s contribution, according to a news release.

“It is gratifying to see the success of our casinos support the people of the Osage Nation. This business has seen consistent growth each year, which is a testament to the level of entertainment we provide,” said Kimberly Pearson, CEO of Osage Casinos. “With this significant increase in distributions, the Osage Nation can plan for even greater things in 2024.”

In 2021, Gaming Enterprise Board made an additional $9 million distribution to the ON government.

Pearson said increased commitment through greater distributions means more resources to the Osage Nation and the services it provides.

For each upcoming fiscal year, the ON Congress sets a projected revenue figure after receiving and considering reports on projected income sources for government operations including gaming revenue, Tax Commission income and other third-party sources. In addition to gaming oversight duties for the Nation, the gaming board approves an annual distribution, which is transferred to the government in monthly transactions. 

“Osage Casinos is the largest contributor to the annual budget of the Osage Nation and the services it provides. I am grateful to the staff at Osage Casinos for their role in making this growth possible and am honored that we can increase our distribution in the coming year,” said Geoff Hager, Chair of the Gaming Enterprise Board.

The Osage Nation uses revenues from the Osage Casinos to fund tribal government and programs; provide for the general welfare of the tribe and its members; promote tribal economic development; support charitable organizations and help fund operations of local government agencies of the Osage Nation.

For more information, visit osagecasinos.com.

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  • Osage News Staff

    Stories that are not primarily written by an Osage News staff member will have a “Osage News” byline. These stories include press releases and other community content that was drafted by someone externally but reviewed and approved for publication by Osage News. As an independent news organization, we strive to report news and information with fairness and balance. While being the official news organization of the Osage Nation, we base our news judgements on our loyalties to our readers and Osage citizens, and we are not directly beholden to the Executive, Legislative, or Judicial branches of the Osage Nation.

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Osage News Staff
Osage News Staffhttps://osagenews.org
Stories that are not primarily written by an Osage News staff member will have a “Osage News” byline. These stories include press releases and other community content that was drafted by someone externally but reviewed and approved for publication by Osage News. As an independent news organization, we strive to report news and information with fairness and balance. While being the official news organization of the Osage Nation, we base our news judgements on our loyalties to our readers and Osage citizens, and we are not directly beholden to the Executive, Legislative, or Judicial branches of the Osage Nation.
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