RubinBrown Gaming Stats 2013

Gaming Revenue Tax Rates

Colorado

• 0.25% - 20.0% graduated tax, with 20.0% applied to gaming revenues in excess of $13 million

• Slot Machines: 43.5% revenue tax contributed to the state; 10.0% revenue contribution to increase horse racing purses; 6.0% towards leasing, upgrading games, and video lottery computer system maintenance; and 40.5% of revenue is retained by the casino • Table Games: 29.4% revenue tax contributed to the state; 4.5% revenue contribution to increase horse racing purses; 66.1% of revenue is retained by the casino

Delaware

Florida

• 35.0% of gaming revenues

• 15.0% - 50.0% graduated tax with 50.0% applied to gaming revenues in excess of $200 million • $3 Admission tax per patron per gaming day

Illinois

• Riverboat casinos: 15.0% - 40.0% graduated tax with 40.0% applied to gaming revenues in excess of $600 million • Racinos: 25.0% - 35.0% graduated tax, on 99.0% of gaming revenues, with 35.0% applied to revenues in excess of $200 million • $3 Admission tax per patron per gaming day, limited to riverboat casinos • Riverboat Casinos: 5.0% - 22.0% graduated tax with 22.0% applied to gaming revenues in excess of $3 million • Racinos: 22.0% - 24.0% revenue tax, with 24.0% applied to (a) operations with table games that generated gaming revenue in excess of $100 million in the prior fiscal or (b) operations located in a county without a riverboat casino • Riverboat casinos: 21.5% of adjusted gross receipts for riverboats to the state and 4.0 - 6.0% to the local parish • Land based casinos: 21.5% of adjusted gross receipts or $60 million (the greater) • Racinos: 18.0% of adjusted gross receipts to support contributions (e.g. purse supplements & associations) and 18.5% of taxable net proceeds, defined as AGR less support contributions, to the state and 4.0% to the local parish • 27.0% of gaming revenues, with 22.0% to the state, 3.0% to local governments, and 2.0% to the Problem Gambling Fund

Indiana

Iowa

Kansas

Louisiana

• Casino: 46.0% of slot revenue and 16.0% of table game revenues • Racino: 40.0% of slot revenue and 16.0% of table game revenues • 67.0% of gaming machine revenues • 20.0% of table game revenues (upon implementation)

Maine

Maryland

Michigan

• 19.0% of gaming revenues, with 10.9% paid to the city of Detroit and 8.1% to the state of Michigan

• 4.0% - 8.0% graduated tax based on monthly gaming revenues, with monthly gaming revenues in excess of $134,000 taxed at 8.0% • 0.4% - 4.0% local tax contingent upon the local governments and monthly revenue

Mississippi

• 21.0% on adjusted gross receipts • $2 Admission tax per patron per excursion (Excursion is defined as a 2 hour period)

Missouri

• 3.5% to 6.75% graduated tax based on monthly gaming revenues, with all monthly revenues in excess of $134,000 taxed at 6.75% • Administrative fees equaling approximately 1.0% of monthly revenue

Nevada

• 8.0% of gaming revenues • 1.25% Casino Reinvestment Development Authority tax or an additional 2.5% state tax • 26.0% of gaming revenues for operators • 10.0% on manufacturer gross revenues from the sale of gaming devices into the state of New Mexico • 45.0% of gaming revenues used for the state education fund • 10.0% of gaming revenue is allocated for gaming machines, including the lottery system administrator • 8.5% - 9.0% of gaming revenue is allocated for advertising, marketing, and promotion expenses

New Jersey

New Mexico

New York

• Full-Scale Casinos: 33.0% of all gross casino revenue • Racinos: 33.5% of all gaming machine revenues

Ohio

Oklahoma

• Graduated tax rate of 10.0% - 30.0% on gaming revenues

• 55.0% of gaming revenue for EGDs • 16.0% of gaming revenue for table games

Pennsylvania

Rhode Island

• Approximately 60.0% of gaming revenues

• 8.0% gaming revenue tax • $2,000 annual gaming device tax per machine

South Dakota

• 53.0% EGD gaming revenue tax (after a 4.0% administrative fee on gross revenue) on racetracks, of which 17.0% is distributed to other private entities within the racing industry • 53.0% EGD gaming revenue tax and a 4.7% capital reinvestment on “Historic Resort” casinos • 35.0% table games gaming revenue tax

West Virginia

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