The Gaming Control Board Wednesday provided figures for gross revenue and tax generation for slot machine play during the month of June 2014 and for the state Fiscal Year 2013-2014.
After a drop in June of 6 percent compared to June 2013, slot machine gross revenue for the recently completed Fiscal Year was 4.5 percent lower than gross revenue generated last year.
In the 12-month period that ended June 30, 2014, slot machine gross revenue was $2,319,890,598 compared to $2,428,887,430 during the 2012-2013 Fiscal Year.
Tax revenue produced through slot machine play during the 2013-2014 Fiscal Year totaled $1,241,218,137.
The figures do not include revenue and tax generation during the Fiscal Year from table games. Total casino gaming revenue figures for the 2013-2014 Fiscal Year that include table games will be released by the Board in a couple of weeks.
To date, since the opening of the first slot machine casino in November of 2006, taxes just from slot machine play have totaled $8.35 billion.
Tax revenue from slot machines is designated under the Gaming Act to fund homeowner property tax reduction; increase purses and provide health and pension benefits to personnel in the horse racing industry; provide revenue toward economic development projects statewide including water and sewer projects; assist thousands of local fire and emergency companies with annual grants; and, provide a new stream of tax revenue to the county and local governments which host a casino.
A more complete report is available online.
