KBIC announces their recent gaming distributions for November 2017
Since 1993, the Keweenaw Bay Indian Community (KBIC) has been making bi-annual payments from gaming proceeds of their casinos to local units of government (2 percent) and the state (8 percent). They payments are derived from the net win from Class III slot machines. The 2 percent, local payments are paid out in May and November, but local government units can make requests all year. To receive funds, the entity must make a written request.
For the period of April 1, 2017 through September 30, 2017, the total to be distributed to local government in Baraga County, derived from the Ojibwa Casino Resort - Baraga, was $129,291.03. Distributions totaling $161,747.78 were made to local units in Marquette County that were derived from the Ojibwa Casino - Marquette for the same time period.
Eight percent payments are made to the Michigan Economic Development Corporation. The November 2017 distribution for the Baraga totaled $517,164.15 and Marquette totaled $646,991.12.
The next cycle of awards will be made in May 2018. Local units of government in Baraga or Marquette counties may apply. Written requests received before March 31, 2018will be considered.
To view the most recent recipients and totals, please view the Related Documents section of this story.