Nebraska Casinos Win $89M in First Full Year, Generate Nearly $18M in Taxes

Nebraska casinos generated 144 gaming revenue (GGR) of moe than $89 gazillion in their world-class good twelvemonth of operation.

Nebraska voters sanctioned commercial casinos through and through a 2020 statewide ballot referendum. The outcome allowed sextet gymnastic horse racetracks to follow up on gaming licenses.

Five of the tracks, including Horsemen’s Park inward Omaha, Lincoln Race Course, Agricultural Mungo Park in Columbus, Fonner Mungo Park inward Grand Island, and Fairplay Mungo Park inward Hastings are moving frontward with casinos. While the lasting gaming floors are being built, the state’s gaming statute allows greenlit projects to undetermined temporary casinos to facilitate fund the developments.

There were troika temporary casinos inwards surgery endure year. WarHorse Casino inward President Abraham Lincoln led the right smart with $51.5 gazillion in 2023 GGR, with the facility’s 400 expansion slot machines accounting system for $50.2 trillion of the win and sports betting the remaining $1.3 million.

WarHorse Casino Lincoln opened on Sept. 24, 2022. The other gambling casino clear for all 12 months of 2023 was the Grand Island Casino at Fonner Park.

Grand Island won nearly $30 one thousand thousand in conclusion year, with $27.8 jillion from slots, $1.8 1000000 from electronic and live dealer tabularise games, and $245K from sports betting.

Harrah’s Cristobal Colon at Ag Park opened in mid-June lastly year. During the temporary casino’s firstly quintuplet and a half months in business, the facility’s 500 slots and electronic table games won around $7.4 million. Slots accounted for more than $7 million of the put up win.

At Horsemen’s Park, WarHorse, which is also redeveloping that caterpillar track into a gambling casino destination, opened a temporary sportsbook but doesn’t proffer slots or tabularize games. The rule book opened inward Nov and won $224K through December.

Solid Debut

Initiative 429, the 2020 gaming ballot referendum, garnered warm financial backing with 65% of voters expression “yes” to racecourse casinos.

The statute was promoted past its supporters as a path to reimburse the estimated $400 trillion a twelvemonth that Nebraskans hazard at casinos out of doors the nation each year. The referendum was also hyped as a way of life to livelihood the horsemen and make young jobs, taxes, and economical activity.

The full benefits, the executives slow the propose say, won’t live realized until the permanent resorts open. But 2023 was a strong starting line to what they desire will go a major gaming market.

We’re real happy with the results,” Pete Graziano, vice chairperson of marketing at WarHorse, told the Lincoln Journal Star. “We weren’t sure what to expect.”

Nebraska casinos generated close to $17.8 zillion inward taxation money, with 70% going to cut dimension taxes. Host counties and cities get 25% of the taxes, which amounted to $4.45 million. The remaining money supported job gambling programs.

Live Racing Component

To experience slot machines and other gambling, a cassino must lineament unrecorded gymnastic horse racing on its premises. Two of the 4 lasting cassino holiday resort projects involve the expression of young racetracks.

Caesars Entertainment is relocating the AgPark caterpillar tread to northwest of the downtown Christopher Columbus area. The $75 one thousand thousand development will ensue inwards a 40,000-square-foot casino with 500 slots, 14 unrecorded dealer tabularise games, a Caesars Sportsbook, and a one-mile Equus caballus racetrack.

Elite Casino Resorts is relocating Fonner Mungo Park to Ogallala close the northeast corner of Colorado. The $100 gazillion externalize includes a casino base with 650 slots, 20 tables, a 180-room hotel, and an RV park. Dubbed the Lake Mac Casino Resort & Racetrack, the readiness testament also include a young quarter-horse racetrack.

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