Nebraska racetrack casinos report growth in revenues for September

Article by : Charles Perrin Oct 15, 2023

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Nebraska racetrack casinos continue to pull their weight, and the latest revenue figures for September have highlighted an uptick.

Tax revenues announced for September showed that racinos hauled in a total of $1.58million, which was up slightly from August ($1.55m) and July ($1.54m) respectively.

In total, this accounted for 20% of the casinos’ total gross revenue for the month, which stands at $7.91m.

The results reflected the three active racinos in the state which are WarHorse Casino in Lincoln, Grand Island Casino Resort in Grand Island, and Harrah’s Columbus NE Racing & Casino.

Across the board, slots and electronic gaming devices proved to be the most popular with Nebraska’s gamblers, as they raked in more than 30 times the gross revenue generated from sports betting.

Since July, casino revenues have been steadily climbing, but sports betting represented only a small piece of the overall pie.

It shows that sports betting only accounted for just over 3% of total gross gambling revenue, but in the first nine months of 2023, the aforementioned racinos raked in nearly $12.9m in gaming taxes.

Of the racinos in Nebraska, Grand Island turned out some excellent results.

What is perhaps most intriguing to note, is gross revenues from table games offered at Grand Island outshone performance for sports betting.

In September, for example, table games such as blackjack, craps, and roulette pulled in $151,737 in gaming revenues.

In terms of the allocation of revenues, Nebraska’s Property Tax Credit Cash Fund receives 7% of the casino tax revenue, while cities and counties where casinos are based will split 25%.

A further 5% of tax revenues will then be divided between the state’s general fund and the Compulsive Gamblers Assistance Fund.

Broadly speaking, Nebraska’s racinos have been gathering momentum, and the latest results make for positive reading. After a final push in 2023, they could be in prime position to kick 2024 off with a bang.