Lincoln casino generates over $850,000 in tax revenue in first full month of operation

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LINCOLN, Neb. (KLKN) – The Lincoln casino raked in a large sum of money for the state in its first full month of operation.

The Nebraska Racing and Gaming Commission released its October tax revenue report on Monday.

In October, Lincoln’s WarHorse Casino generated $854,077 in tax revenue, according to the report.

The money will be divided up:

  • 70% to the Nebraska Property Tax Relief Fund ($597,854.20)
  • 2.5% to the Nebraska General Fund ($21,351.94)
  • 2.5% to the Compulsive Gaming Assistance Fund ($21,351.94)
  • 12.5% to the City of Lincoln ($106,759.68)
  • 12.5% to Lancaster County ($106,759.68)

“The October gaming tax revenue report provides a more complete picture of gaming tax revenue generated over a full four-week period,” said Tom Sage, director of the commission. “This data is key to helping us gauge future tax revenue generation and distribution from other gaming projects across Nebraska.”

Lincoln’s WarHorse Casino is currently the only casino that provides tax revenue for the state.

The casino, which is near Homestead Expressway and Denton Road, currently has about 400 slot machines.

Once construction is finished, the casino will house 1,300 gaming stations, a 196-room hotel, event space, several restaurants and live horse racing.

In its first week of operation, the casino generated over $286,000 in tax revenue, according to the gaming commission’s September report.

SEE ALSO: Nearly $286,000 in tax revenue collected from Lincoln casino in first week

A WarHorse Casino is also in the works in Omaha, and last month, the commission approved a temporary casino to be built in Grand Island.

The temporary casino will be built in the concourse area of Fonner Park and will offer 300 slot machines and kiosks for horse betting.

SEE ALSO: Nebraska officials approve construction of temporary casino in Grand Island

Categories: Lancaster, Nebraska News, News