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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 DE INDIAS 2024

09 de April 2024

Why to invest in Paraguay?

(Cartagena de Indias, Exclusive SoloAzar) - During the conferences organised at the GAT EXPO 2024 fair, Dr. Carlos Augusto Liseras Osorio, president of the National Gaming Commission, (CONAJZAR, in its original) asked this tacit question, to highlight the advantages and benefits of investing in the Republic of Paraguay, and also notifying the audience about the upcoming tenders for 7 land-based casinos in that country.

Monday 29 Apr 2024 / 12:00

Novomatic's innovative offerings and market insights: a recap of our presence at GAT Expo 2024

(Cartagena de Indias, SoloAzar Exclusive).- Manuel Del Sol - CEO at NOVOMATIC Gaming Colombia, gave an overview during the interview with SoloAzar, focusing on the innovative products presented at the event, the good reception from visitors, insights on the Colombian iGaming market, the latest technological trends incorporated into the platform, and the firm's approach to regulatory adaptation in the Latam market.

Friday 26 Apr 2024 / 12:00

Miguel Ángel Ochoa in GAT: "No casino has been closed due to money laundering or drug-related issues"

(Cartagena, SOLOAZAR Exclusive). One of the most interesting moments of the 25th anniversary edition of GAT Expo in Cartagena de Indias was undoubtedly the AIEJA panel dedicated to the Mexican gaming market. In this note, we review the key segments of the intervention of Miguel Ángel Ochoa, the president of AIEJA on that day.

Friday 26 Apr 2024 / 12:00

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