Previous research on Indian gaming in South Dakota discovered very restrictive and unfavorable tribal-state compacts that appear to border on economic racism. This article expands this previous research by exploring the influence of tribal-state Indian gaming compacts for the Indian casinos located in the contiguous United States. The purpose is to describe the current state of the Indian gaming industry. For the states that have Class III Indian gaming the authors document the number of casinos, numbers of gaming devices, and gaming revenues. They also provide an in-depth analysis of common practices in compact negotiation and how tribal-state compacts vary geographically. States are ranked based on the degree of control that they attempt to exercise over sovereign Native American tribes. Concern is raised over the growing interest by certain states to require greater revenue sharing from the tribes' gaming operations. The authors find that the Indian Gaming Regulatory Act (IGRA) does not fairly regulate Indian gaming and does not protect Native American sovereignty, and they suggest changes to provide a more equitable policy to deal with Native American gaming operations. (Contains 7 figures, 1 table and 61 notes.)