Casino events

Lincoln, Lancaster County considers how to spend casino revenue

In just five weeks, Lincoln’s Warhorse Casino’s 433 slot machines contributed $800,000 to the state’s property tax credit fund – $28,500 for compulsive gambler assistance and $143,000 each, the City of Lincoln and County of Lancaster. very many,” Lancaster County Commissioner Christa Yoakum said. the money that will be and how much it will come in, what that revenue stream will look like. So the county wants to meet with the city to sort of figure out how best to use those funds,” Yoakum said. They want to see how the casino could impact keno revenue, which currently helps support several city and county nonprofit programs. They also want to see if state lawmakers repeal or reduce estate taxes in the next session. funds,” Yoakum said. Jennifer Willams, chief of staff for Lincoln Mayor Leirion Gaylor Baird, said in a statement that she is also evaluating our options. of the Nebraska Benevolent and Protective Association said it was pleased with the revenue. “I think actually not only are we going to be stable, but I think we might even get a little bit better over time,” McNally said. over $4.27 million. Much of that money will go towards completing the $200 million casino, hotel and event center. Some will go to Ho-Chunk Inc., which runs the casino. And part of the money will go to the riders. Lincoln Race Track. “And after that, they’ll put money in the purse account, to have better races at Lincoln,” McNally said. Nebraska Racing and Gaming Commission executive director Tom Sage said he’s already seen an impact on horse racing. industry “Our breed industry in Nebraska for Thoroughbreds has tripled. We may be the only state I know of in the United States. It has a breed increase,” Sage said. McNally said this is just the beginning. “This is our very small installation of 433 machines. When our full installation is open. That’s when you’ll really see our contributions to the tax and revenue relief for the City of Lincoln and Lancaster County,” McNally said.

In just five weeks, Lincoln’s Warhorse Casino’s 433 slot machines contributed $800,000 to the state’s Property Tax Credit Fund – $28,500 for compulsive gambler assistance and $143,000 each, the City of Lincoln and County of Lancaster.

“This first month has been a really good number,” Lancaster County Commissioner Christa Yoakum said.

But Yoakum, who is the vice chairman of the board, said he wants to wait and see if the money keeps coming in at this rate.

“It’s a little unclear how much money that’s going to be and how much it’s going to come in, what that revenue stream is going to look like. So the county wants to meet with the city to kind of figure out how best to use those funds, “, said Yoakum.

They want to see how the casino could impact keno revenue, which currently helps support several city and county nonprofit programs.

They also want to see if state lawmakers repeal or reduce inheritance taxes in the next session.

“So we don’t have any immediate plans for those funds,” Yoakum said.

Jennifer Willams, chief of staff for Lincoln Mayor Leirion Gaylor Baird, said in a statement that she is also evaluating our options.

“We’re also planning a public engagement process related to what other options might be of interest,” Williams said.

Lynne McNally, CEO of the Nebraska Benevolent and Protective Association, said she was pleased with the revenue.

“I think actually not only are we going to be stable, but I think we might even get a little bit better over time,” McNally said.

Warhorse earned over $4.27 million.

Much of that money will be used to complete the $200 million casino, hotel and event center.

Some will go to Ho-Chunk Inc. which runs the casino.

And some money will go to the riders building Lincoln’s race track.

“And after that, they’ll put money in the purse account, to have better races at Lincoln,” McNally said.

Nebraska Racing and Gaming Commission executive director Tom Sage said he’s already seen an impact on the horse racing industry.

“Our breed industry in Nebraska for Thoroughbreds has tripled. We may be the only state I know of in the United States. It has a breed increase,” Sage said.

McNally said it was just the beginning.

“This is our very small facility of 433 machines. When our full facility opens. That’s when you’ll really see our contributions to tax relief and revenue for the City of Lincoln and the Lancaster County,” McNally said.