The state of Nebraska benefited to the tune of $2.8 million due to tax payments made by casinos in the Cornhusker State during 2022, this according to the Nebraska Racing and Gaming Commission.
The biggest producer for the state was the Warhorse Casino in Lincoln, which paid $2.7 million in taxes. The temporary casino paid $286,000 in taxes in its first week of operations, which began on September 24th. The Grand Island Casino and Resort paid $97,157 in the four days it was open during the year. This year's tax revenues will undoubtedly be higher, as there'll be much more time for revenues to roll in.
News of the tax payments comes as sportsbetting is getting ready to launch in the state. Gambling commissioners have approved of the state's gambling rules, which were signed off by the Nebraska Attorney General, and it now awaits final approval by Governor Jim Pillen. It is expected that the market could be launched in time for the NCAA Men's Basketball Tournament, better known as March Madness.
Regarding the payments, NRGC Executive Director Tom Sage said, "The cumulative gaming tax revenue of $2,806,557.33 generated in 2022 will provide alternative sources of revenue for cities and counties that have authorized gaming operations.
"As evidenced by the revenue generated in the last three months of 2022, these authorized gaming operations will continue to make significant contributions to property tax relief, the general fund and the Compulsive Gaming Assistance Fund and will serve as a mechanism to save horseracing in Nebraska."