Potawatomi Hotel and Casino in Milwaukee adds sports betting

The Potawatomi Hotel and Casino in Milwaukee will be allowed to offer sports betting under a new agreement between the tribe and Governor Tony Evers.

The pact, announced Friday, allows Forest Potawatomi County to offer betting on sporting and non-sporting events.

The signed agreement was sent to the US Department of the Interior. It will be subject to a 45-day review by the ministry before coming into effect.

The tribe plans to open a sports betting site at the Potawatomi Hotel and Casino, 1721 W. Canal St., by the end of 2022.

The agreement also allows sports and event betting at the tribe’s Forest County casino.

Evers has signed similar agreements with the Oneida Nation and the St. Croix Chippewa Indians to allow sports betting at their casinos in Green Bay and northwest Wisconsin.

In a statement, Evers praised his administration department, the tribe and Forest Potawatomi County Chairman Ned Daniels Jr. for working “to get this done so people can enjoy sports betting and other events. in our state while benefiting from the economic growth of the tribe.”

“We appreciate Governor Evers and his administration working with us in a government-to-government manner to provide our tribe with the tools to compete in the marketplace and give us the business certainty to continue our investments in Milwaukee and throughout state,” Daniels said in a statement.

In addition, the agreement extends the duration of the current pact until 2061.

The Indian Gaming and Regulatory Compliance Bureau of the Department of Administration conducts on-site audits of casino operations.

Under the amended pact, this agency will be responsible for ensuring regulatory compliance and event betting integrity, according to the announcement.

Sports betting comes to Potawatomi Hotel and Casino after revenue decline

The introduction of sports betting at the Potawatomi Hotel and Casino comes after the tribe reported a sharp drop in revenue last summer due to the COVID-19 pandemic.

The casino earned at least $293 million from players in the 12 months that ended June 30, down more than 28% from its 2019 total, according to tax records reviewed by the Sentinel Journal.

The 2020 win was at least $292 million.

The tribe has won more than $400 million from bets taken on its Milwaukee slot machines, off-track betting windows and a range of table games including poker, craps and blackjack during the year ending June 30, 2019.

Declining revenues caused the Potawatomi and other tribes to lay off employees, cut dividends to tribal members, and end a variety of services.

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