“And we’ve just scratched the surface.” According to him, Lincoln doesn’t have the casino gaming tradition of Omaha, which has had legalized casinos in nearby Council Bluffs for years, meaning the opportunity for growth in the Capital City is much greater.Ĭasinos are required to pay 20% of their gross gambling revenue in state gaming taxes, with 70% of that money going to the state’s property tax credit fund. “Lincoln has incredible potential,” he told the cited source. WarHorse Lincoln's temporary casino opening in September “It was very important to us to start contributing to that property tax relief fund.”Īdditionally, Lance Morgan, the president and CEO of Ho-Chunk Inc., which operates the WarHorse Casino, said Monday he thinks that gaming revenue for property tax relief will exceed initial estimates and be around $100 million a year. “We’re really pleased with the way it’s been received,” said Lynne McNally, the CEO of the state’s horsemen’s association, as reported by Nebraska Examiner. Officials with the WarHorse Casino expect that gaming revenues will steadily grow as they begin advertising and marketing the temporary facility at the Lincoln Race Course on the southwest edge of Lincoln.

All in all, the property has produced $1.1 million in tax revenue since it opened in late September. The figures correspond to the first five weeks of operation of WarHorse Casino in Lincoln, and include $597,854 during the month of October. Nebraska’s first casino has already contributed nearly $800,000 to a state property tax relief fund so far, according to a report from the Nebraska Racing and Gaming Commission.

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