Indian Tribe Strikes Gold with Casinos

The Mystic Lake Casino owned by the Shakopee Mdewakanton tribe... The Mystic Lake Casino owned by the Shakopee Mdewakanton tribe...

Although there has been much debate about the influence casinos have on people, good or bad, members of the Shakopee Mdewakanton tribe in Minnesota are certainly not complaining about how casinos have affected them.

This Native American tribe is small, with just 480 members, but are extremely rich, with earnings of more than $1 billion a year. This works out at approximately $1,000,000 a year per person, which is just under £640,000, after deducting the regular contributions they make to various charities.

This money stems from 2 casinos they built, Mystic Lake and Little Six and the luxury estate they built to go with them, including a 600 room hotel, a concert venue and a championship golf course. This had led to a life of leisure for members of the tribe, who have used their casino income to fund luxury lifestyles with items such as boats, cars, mansions and long distance holidays, a normal feature.

In these economic hard times the tribe is also unusual in that they voluntarily have 99.2% unemployment, as members do not financially need to work. They do share their casino riches though and make significant contributions to other tribes and charities, who are grateful for their assistance.