LINCOLN, Neb. (KOLN) – A new report highlights the latest gambling tax revenue figures, with Lincoln benefiting from a late-year boost fueled by sports betting.
WarHorse Casino in Lincoln generated more than $59 million in revenue over the past year. Of that total, 20% went to a variety of tax funds, while the casino retained 80%.
State taxes from sports betting contributed to the Property Tax Credit Fund, which received nearly $8.4 million from Lincoln alone in 2024. Statewide contributions to the fund totaled just under $20.4 million.
Lincoln collected almost $12 million from gaming taxes, with more than $29 million brought in statewide. Taxes collected from WarHorse Gaming in Lincoln were distributed as follows:
- 70% went to the Property Tax Credit Cash Fund: $8,306,357.93
- 2.5% went to the State General Fund: $296,655.64
- 2.5% went to the Compulsive Gamblers Assistance Fund: $296,655.64
- 12.5% went to the city’s share: $1,483,278.19
- 12.5% went to the county’s share: $1,483,278.19
- Total: $11,866,225.62
For reference, Lincoln’s casino drew in $10.3 million in 2023 and $2.7 million in 2022, the same year it opened.
There are four operating casinos in Nebraska, all of which drew in $29.1 million in tax revenue in 2024. Of that money, $20.4 million went to reducing property taxes — roughly $8 million more than was contributed in 2023.
According to the report, November was the most profitable month for both Lincoln and the state. That success coincided with WarHorse Casino’s opening of a new expansion featuring additional table games and a dedicated area for simulcast racing.
The full gaming tax report is available in the document linked below.
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