Two years after Nebraska voters had their say, first casino opens set to begin netting tax revenue

Two years after Nebraska voters had their say, first casino opens set to begin netting tax revenue

Article brief provided by Lincoln Journal Star
  • Matt Olberding, Lincoln Journal Star
September 24, 2022 6:48 PM
  • Matt Olberding, Lincoln Journal Star
  • Nebraska
  • Tribal Gaming

When gambling supporters were campaigning in support of a ballot initiative to legalize casinos at Nebraska’s horse tracks, they touted potential property tax relief of more than $45 million a year.

That’s based on a 20% tax on estimated casino revenue of $325 million annually, 70% of which is to go to the state’s Property Tax Credit Fund.

Of course, that revenue estimate is based on up to six fully operational casinos across the state with slot machines, table games and sports betting, something that’s still a year or two away.

But starting Saturday, casino gaming at the temporary WarHorse Casino at the Lincoln Race Course [began adding] some tax revenue to both state and local coffers.