Nearly $286,000 in tax revenue collected from Lincoln casino in first week
LINCOLN, Neb. (KLKN) – The Nebraska Racing and Gaming Commission released its first monthly gaming tax revenue report on Monday.
And thanks to Lincoln’s WarHorse Casino, which opened on Sept. 24, Nebraska goT a total of $285,963.03 in gaming tax revenue in September.
The money will be divided up:
- 70% to the Nebraska Property Tax Relief Fund
- 2.5% to the Nebraska General Fund
- 2.5% to the Compulsive Gaming Assistance Fund
- 12.5% to the City of Lincoln
- 12.5% to Lancaster County
“We recognize the importance of routine reports detailing the distribution of tax revenue gained from expanded gaming in Nebraska communities,” said Tom Sage, executive director of the commission. “Having mechanisms to routinely share the total tax revenue and distribution fosters public trust and is key to transparent regulatory oversight of our gaming industry.
Lincoln’s WarHorse casino, which is near Homestead Expressway and Denton Road, currently holds around 400 slot machines.
Once construction is finished, the casino will include 1,300 gaming stations, a 196-room hotel, event space, several restaurants and live horse racing.
While sports betting is now legal inside casinos in Nebraska, the rules still need to be ironed out.
The racing and gaming commission is holding a public hearing Friday at UNL’s East Campus Union at 1:30pm in the Prairie South suite.