Comparative State Tax Rates

Our growing No Casinos Coalition strongly opposes the takeover of the Miami area by gargantuan businesses that will degrade the city. Don’t be fooled. The future won’t just involve one casino — although the Genting Project alone is slated to create two of the largest casinos in the nation. Casinos will multiply and transform our region into something that will be a sad legacy to pass on to the future generations of residents.


Comparative State Tax Rates from www.eyeonmiami.blogspot.com.
Gambling: The deals in each State, Florida is among the worst. By Geniusofdespair

I put the States in order of when they allowed gambling from the earliest, Colorado in 1931 to the latest, Maryland in 2008. If you follow along you will see the deals for each State. You will also see that the deals get better and better because we know just how much money these casinos generate. The lowest rates are for the first two States to approve gambling.

In any event, look at this list and tell me why Florida is going to go backwards and take LESS money then other States, the lowest rate except for the early States. Following my list is an open letter to the two asses in the legislature pushing this low rate. Sergio Campos wrote them the letter.

Nevada
Legalization date 1931
State gaming tax rate – Graduated tax rate with a maximum tax of 6.75% on gross gaming revenue; additional fees and levies may be imposed by counties, municipalities and the state adding approximately 1% to the tax burden

New Jersey
Legalization date 1976
State gaming tax rate – 8% tax on gross gaming revenue, plus a community investment alternative obligation of 1.25% of gross gaming revenue (or an investment alternative 2.5% on gross gaming revenue)

South Dakota – Legalization date 1989
State gaming rate – 9% tax on gross gaming revenue; gaming device tax ($2,000 per machine per year)

Iowa – Legalization date 1989
State gaming rate – Graduated tax rate with a maximum of up to 22%

Colorado – Legalization date 1990
State gaming tax rate – Graduated 20% max

Illinois – Legalization date 1990
State gaming tax rate – Graduated from 15% to 50% of gross gaming revenue

Mississippi – Legalization date 1990
State gaming tax rate – Graduated tax of 8% on gaming revenues; up to 4% additional tax on gaming revenues may be imposed by local governments

Louisiana – Legalization date 1991
State gaming tax rate – Riverboat Casinos: 21.5%1; Land-based casino: $60 million annual tax or 21.5% of gross gaming revenue, whichever is greater; Racinos: 18% of gross gaming revenue paid to horsemen; 18.5% of net to state taxes and 4% to local parish

1Riverboat casinos pay an additional 4 percent to 6 percent to local governing authorities under the terms of “local boarding fee” agreements.

Rhode Island – Legalization date 1992
State gaming rate – 27.33%1
1FY 2010 data was used to calculate the percentage of revenue retained by operator.

Indiana – Legalization date 1993
State gaming tax rate – Riverboat and land-based casinos: Graduated tax rate from 15% to 40% of gross gaming revenue; $3 per patron admissions tax; Racinos: Graduated slot tax from 25% to 35% of gross gaming revenue

Missouri – Legalization date 1993
State gaming tax rate – 21% tax on gross gaming revenue; $2 per patron admission fee, per excursion, split between home dock community and the state.

Delaware -Legalization date 1994
Revenue retained by operator 42.21%

West Virginia -Legalization date 1994
Revenue retained by operator 45.89%

Michigan -Legalization date 1996
State gaming tax rate – For permanent facilities: 19% tax on gross gaming revenue (10.9% to city of Detroit, 8.1% to state of Michigan); state and municipal service fees also are levied annually

New Mexico – Legalization date 1997
State gaming rate – 26% tax on gross gaming revenue; 20% to purse supplements; 0.25% to fund disordered gambling treatment and awareness

New York -Legalization date 2001
Revenue retained by operator – 33.47% – New York gets 66.53%

Maine – Legalization date 2004
State gaming tax rate – 1% tax on handle, or the amount wagered; 39% tax on gross gaming revenue; 3% tax on gross gaming revenue to the city of Bangor

Oklahoma – Legalization date 2004
State gaming tax rate – Graduated state tax from 10-30% on gross gaming revenue; 9% tax to state racing commission, varying payments to horsemen, breeders and purses depending on track gaming revenues.

Pennsylvania – Legalization date 2004
State gaming tax rate – Slot machines: 34% to state gaming fund, 12% to horse racing industry, 5% to economic development, 4% to local and county governments; Table games: 16% tax – 14% to general fund, 2% to local county municipalities

Florida – Legalization date 2006 (They are going to reduce this rate for Racinos)
State gaming tax rate – 42.79% (3)

3- This figure only represents what operators retain after state taxes are collected. It does not take into account what operators allocate to horse and dog breeders funds, local authorities and public gambling awareness. Thus, the percentage of revenue retained by operators is actually significantly lower than this 50 percent figure.

Kansas – Legalization date 2007
State gaming tax rate – 22% state tax, 3% local government tax and 2% tax to fund problem gambling treatment

Maryland – Legalization date 2008
Revenue retained by operator – 33% – Maryland get 67%