Lincoln casino generates over $1.9 million in tax revenue in 10 weeks of operation
LINCOLN, Neb. (KLKN) – Nebraska’s only casino has generated almost $2 million in tax revenue for the state in just 10 weeks of operation.
Lincoln’s WarHorse Casino has racked up $1,950,406 for the state, county and city since its opening in September, according to the Nebraska Racing and Gaming Commission.
“This represents a significant addition to the Nebraska Property Tax Relief Fund, as contemplated by the legislature and Governor Ricketts in adopting the Property Tax Relief Fund statutes,” Dennis Lee, chairman of the commission, said in a release.
The commission released its November report on Monday, showing that the Lincoln casino generated $809,627.78 in tax revenue last month.
That money will be divided up:
- 70% to the Nebraska Property Tax Relief Fund ($566,739.45)
- 2.5% to the Nebraska General Fund ($20,240.69)
- 2.5% to the Compulsive Gaming Assistance Fund ($20,240.69)
- 12.5% to the City of Lincoln ($101,203.47)
- 12.5% to Lancaster County ($101,203.47)
November’s total revenue is about $41,000 short of what the casino earned in October, which was its first full month of operation.