USA Top 10 best casinos in Virginia

USA Top 10 crypto casinos in Virginia

Nebraska’s Gaming Tax Surges Following Record January

Explore the latest developments in Nebraska's gaming industry as gaming tax revenue hits an all-time high in February, with notable variations in performance among racinos. Additionally, delve into the legislative landscape surrounding skill gaming machines, as Nebraska legislators advance a bill to tighten regulations amidst concerns of addiction and illegal gaming activities.
facebook twitter twitter
Nebraska Flag

Branimir Ivanov | Senior News Contributor

Updated: Mar 25, 2024

Nebraska's Gaming Tax Surges Following Record January

Nebraska's gaming tax continues its upward trajectory, surpassing expectations in February after reaching a record high in January. The state's gaming revenue, sourced from its four racinos, soared to over $1.7 million in February, marking an impressive 18.6% increase from the previous month's $1.4 million.

What to Follow:

  1. Surging Gaming Tax Revenue: Nebraska's gaming tax revenue surged in February, surpassing the previous month's record high. The state collected over $1.7 million from its four racinos, marking an 18.6% increase from January's figures.
  2. Mixed Performance Among Racinos: While three out of the four racinos demonstrated month-over-month progress in gaming taxes, WarHorse Gaming Omaha experienced a decline. Notable increases were observed at WarHorse Gaming Lincoln, Grand Island Casino, and Harrah's Columbus, while WarHorse Gaming Omaha reported a 33.5% decrease.
  3. Legislative Response to Skill Gaming Concerns: Nebraska's Legislature advanced a bill, LB685, aimed at tightening regulations on “skill” video gaming machines found in bars and restaurants. This legislative move responds to concerns regarding the addictive nature of these devices and aims to impose taxes and fees to mitigate potential risks.

 

The Nebraska Racing Commission's February gaming tax report reveals significant month-over-month progress for three out of the four racinos, indicating a robust performance in the state's gaming industry. While WarHorse Omaha experienced a slight decline in gaming tax contributions compared to January, the remaining venues demonstrated notable improvements:

  • WarHorse Gaming Lincoln reported a 13.9% increase, contributing $903,730.85 in gaming taxes.
  • Grand Island Casino showcased a substantial 19.8% month-over-month growth, generating $588,911.29 in taxes.
  • Harrah's Columbus emerged as a frontrunner with a remarkable 45.4% rise in gaming tax revenue, amounting to $211,722.62.

However, WarHorse Gaming Omaha experienced a 33.5% decrease in gaming taxes, presenting a perplexing deviation from the overall positive trend. While the surge in sports betting activity during Super Bowl LVIII might have influenced the monthly increase in gaming taxes for some venues, the decline in WarHorse Gaming Omaha remains enigmatic.

Comparing February 2023 to February 2024, two Nebraska casinos demonstrated substantial year-over-year progress in gaming tax revenue. WarHorse Lincoln and Grand Island Casino and Resort both exhibited commendable growth, with a 5.30% and 21.8% increase, respectively. This growth is particularly notable considering the limited operations and absence of sports wagering at the time.

In legislative developments, a bill aimed at tightening regulations on “skill” video gaming machines gained traction in the Nebraska Legislature. Introduced by State Sen. John Lowe, LB685 seeks to address concerns surrounding “mechanical amusement devices” commonly found in bars and restaurants. With over 5,800 licensed skill games dispersed across more than 1,600 locations in Nebraska, officials have expressed apprehension regarding the addictive nature of these machines.

 

“In February, Nebraska's gaming tax revenue surged to over $1.7 million, reflecting an 18.6% increase from the previous month's record high. While three racinos demonstrated positive growth, WarHorse Gaming Omaha experienced a decline, highlighting mixed performance across the state's gaming landscape.”

 

Despite initial pushback from device operators, backers of LB685 emphasize the necessity of stricter oversight to curb illegal gaming activities. The proposed bill imposes a 5% tax on the machines' net proceeds, coupled with an annual fee structure aimed at mitigating potential risks associated with unchecked proliferation of these devices.

As Nebraska's gaming landscape evolves, stakeholders anticipate further developments in regulatory frameworks to ensure responsible and sustainable growth within the industry.

The Hottest USA CAsinos 2024

American Eagle
All-American Casino
SlotsandCasino Casino logo

SlotsandCasino Casino Review

USARated 100.00/100%

welcome bonus

300%/$1,500 + 100 Free Spins

30x wagering (Deposit & Bonus)

Play
Number of games
11+
Payment methods
6
Game providers
9
Min deposit
25
US Players
Accepted
Popularity Icon
Hot New US Casino
Cafe Casino logo

Cafe Casino Review

USARated 98.12/100%

welcome bonus

250%/$1,500

40x wagering (Deposit Only)

Play
Number of games
150+
Payment methods
8
Game providers
3
Min deposit
20
US Players
Accepted
bonus (2)
Big Bonus
DuckyLuck Casino logo

DuckyLuck Casino Review

USARated 99.97/100%

welcome bonus

500%/$2,500+ 150 Free Spins

30x wagering (Deposit & Bonus)

Play
Number of games
11+
Payment methods
6
Game providers
9
Min deposit
25
US Players
Accepted
Popularity Icon
Trending in the USA
Bovada Casino logo

Bovada Casino Review

USARated 98.20/100%

welcome bonus

100%/$1,000

25x wagering (Deposit Only)

Play
Number of games
10+
Payment methods
4
Game providers
3
Min deposit
20
US Players
Accepted
Popularity Icon
Trending in the USA
Ignition Casino logo

Ignition Casino Review

USARated 98.11/100%

welcome bonus

300%/$3,000

25x wagering (Deposit Only)

Play
Number of games
10+
Payment methods
5
Game providers
4
Min deposit
20
US Players
Accepted
gold medal
#1 Crypto 2024
BC.Game Casino logo

BC.Game Casino Review

USARated 99.46/100%

welcome bonus

360%/$220,000

60x wagering (Deposit & Bonus)

Play
Number of games
610+
Payment methods
5
Game providers
64
Min deposit
0.01
US Players
Accepted
Popularity Icon
Hot New US Casino
JuiceBet Casino logo

JuiceBet Casino Review

USARated 99.12/100%

welcome bonus

300% on Top

35x wagering (Deposit & Bonus)

Play
Number of games
90+
Payment methods
5
Game providers
2
Min deposit
30
US Players
Accepted
Popularity Icon
Hot New US Casino
WinPort Casino logo

WinPort Casino Review

USARated 97.99/100%

welcome bonus

250%/$7,000

35x wagering (Deposit & Bonus)

Play
Number of games
68+
Payment methods
5
Game providers
5
Min deposit
10
US Players
Accepted
US Players Accepted
Slots LV Casino logo

Slots LV Casino Review

USARated 98.13/100%

welcome bonus

200%/$3,000 + 30 Free Spins

35x wagering (Deposit & Bonus)

Play
Number of games
150+
Payment methods
4
Game providers
73
Min deposit
20
US Players
Accepted
USA Icon
U.S. Choice Champion
JazzSports Casino logo

JazzSports Casino Review

USARated 97.96/100%

welcome bonus

200%/$2,000

40x wagering (Deposit & Bonus)

Play
Number of games
83+
Payment methods
7
Game providers
36
Min deposit
10
US Players
Accepted
10/ 10 (100%)

Related News

BGaming

BGaming Expands its Presence in Argentina

Boogie Boom

Boogie Boom Promises A Retro Disco Slot Experience

Tomb of Gold

Unveiling Ancient Mysteries: Play’n GO Introduces Tomb of Gold

hide-html