The Gaming Control Board Thursday reported slot machine revenues, bolstered by a 2.7 percent increase in slot machine revenue generated at casinos during June, slot machine revenue grew during a full fiscal year for the first time since Fiscal Year 2011/2012.
In the 12-month period that ended June 30, 2015, slot machine gross revenue was $2,335,787,919 compared to $2,319,890,598 during the 2013/2014 Fiscal Year. Tax revenue produced through slot machine play during the 2014/2015 Fiscal Year totaled $1,247,016,899.
These figures do not include revenue and tax generation during the Fiscal Year from table games. Total casino gaming revenue figures for the 2014/2015 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 $9.9 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.
The complete report is available online.
