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Casino

Nebraska's 2 casinos generate more than US$1.2M in January tax revenue

Friday 24 de February 2023 / 12:00

2 minutos de lectura

(Nebraska).- Nebraskans wagered their most money ever last month at the state’s two horse track casinos. WarHorse Lincoln and the Grand Island Casino Resort combined to produce more than $1.25 million in gaming taxes in January.

Nebraska's 2 casinos generate more than US$1.2M in January tax revenue

WarHorse Lincoln and the Grand Island Casino Resort combined to produce more than $1.25 million in gaming taxes in January, the first time that both casinos were open for the entire month. The state’s casino tax is 20% of gross revenue, so that indicates the two casinos made nearly $6.3 million combined in January.

WarHorse Lincoln accounted for more than $809,000 in tax revenue. That was better than December numbers, but slightly below October and November, when the Lincoln casino had no competition. WarHorse opened in late September. The Grand Island casino produced almost $450,000 in tax revenue in its first full month of operation. The casino at Fonner Park opened in late December.

The two casinos, both operating in temporary spaces until new facilities are built, have now generated more than $4 million in tax revenue in just over four months of operation. The bulk of the tax collections, 70%, goes into a state property tax relief fund. That distribution was more than $566,000 in January and is more than $2.5 million since the casinos opened.

Cities and counties where casinos operate split 25% of the gaming tax proceeds. In January, that was a little over $100,000 each to Lincoln and Lancaster County, and since WarHorse opened, each has received a little over $450,000.

Gambling in Lincoln and Grand Island has been limited to slot machines added at temporary casinos at the horse tracks. Both hope to add sports betting soon.

In Omaha, WarHorse Gaming is in the process of transforming Horsemen’s Park into a casino, racing and entertainment complex. The project — which involves renovating the existing complex and adding nearly 67,000 square feet in new construction — got underway in July. At the time, WarHorse said it anticipated opening the renovated space in the spring, with the entire facility coming online in early 2024.

Categoría:Casino

Tags: casinos,

País: United States

Región: North America

Event

GAT EXPO CARTAGENA 2025

28 de April 2025

26th edition of GAT Expo Cartagena closed with great success

(Cartagena de Indias).- The most important fair for the gaming, entertainment, technology and Esports industry in Latin America ended with an excellent commercial balance and testimonials of satisfaction from suppliers and operators, local and international authorities, associations and the main trade unions in the region.

Friday 02 May 2025 / 12:00

Colombian Olympic Committee, GAT Expo, and Colombian Official Esports Announce Historic Partnership to Promote Esports as an Olympic Discipline in Colombia

(Cartagena) - The Colombian Olympic Committee (COC) and GAT Esports have sealed a strategic partnership to promote esports as part of the country's professional sports ecosystem. The announcement was made at a formal ceremony held at the gaming industry products and services exhibition hall, attended by Marco Emilio Hincapié, President of Coljuegos, COC executives, José Aníbal Aguirre, CEO of GAT Esports, media, and special guests.

Wednesday 30 Apr 2025 / 12:00

GAT Expo 2025: Novelties, technology, innovation, and high-level networking in the magical city of Cartagena

(Cartagena, SoloAzar Exclusive).- Today concludes GAT Expo Cartagena 2025, which has taken place this week with the presence of 23 countries and more than 70 international brands in the historic city of Cartagena de Indias, with its cobblestone streets, flower-filled balconies, and centuries-old walls.

Wednesday 30 Apr 2025 / 12:00

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