RubinBrown Gaming Stats 2015

STATE GAMING TAX REVENUES

EARLY ADOPTERS

EFFECTIVE TAX RATE 8.4%

GAMING LEGALIZED 1931 EFFECTIVE TAX RATE 8.3% 1976 GAMING LEGALIZED 9.2% EFFECTIVE TAX RATE

GAMING TAX REVENUE $909.88M

NEVADA

0.7%

GRADUATED TAX RATE: 3.5% - 6.75% (PLUS ADMINISTRATIVE FEES)

GAMING TAX REVENUE $241.16M

NEW JERSEY

-0.2%

STRAIGHT-LINE TAX RATE: 8.0% OR 10.25%

RIVERBOAT MARKETS

EFFECTIVE TAX RATE 24.0%

2009 GAMING LEGALIZED 33.6% EFFECTIVE TAX RATE 2001 GAMING LEGALIZED 45.5% EFFECTIVE TAX RATE 2004 GAMING LEGALIZED 43.9% EFFECTIVE TAX RATE 2008 GAMING LEGALIZED 52.4% EFFECTIVE TAX RATE 2004 GAMING LEGALIZED 40.3% EFFECTIVE TAX RATE 2006 GAMING LEGALIZED 35.1% EFFECTIVE TAX RATE 1994 GAMING LEGALIZED 40.1% EFFECTIVE TAX RATE 1992 GAMING LEGALIZED 53.1% EFFECTIVE TAX RATE 1994 GAMING LEGALIZED 41.0% EFFECTIVE TAX RATE 2004 GAMING LEGALIZED 18.5% EFFECTIVE TAX RATE 1989 GAMING LEGALIZED 15.2% EFFECTIVE TAX RATE 1997 GAMING LEGALIZED 25.9% EFFECTIVE TAX RATE 1990 GAMING LEGALIZED 14.2% EFFECTIVE TAX RATE 2007 GAMING LEGALIZED 27.0% EFFECTIVE TAX RATE 1996 GAMING LEGALIZED 19.0% EFFECTIVE TAX RATE 1991 GAMING LEGALIZED 23.3% EFFECTIVE TAX RATE 1989 GAMING LEGALIZED 22.1% EFFECTIVE TAX RATE 1993 GAMING LEGALIZED 28.8% EFFECTIVE TAX RATE 1990 GAMING LEGALIZED 11.9% EFFECTIVE TAX RATE GAMING LEGALIZED 1990 34.2% EFFECTIVE TAX RATE 1993 GAMING LEGALIZED 26.3% EFFECTIVE TAX RATE

GRADUATED TAX RATE: 15.0% - 50.0% (PLUS $2-3 ADMISSION FEE PER PATRON PER DAY)

GAMING TAX REVENUE $500.60M

ILLINOIS

-6.7%

RIVERBOAT GRADUATED TAX RATE: 5.0% - 40.0% (PLUS $3 ADMISSION FEE PER PATRON PER DAY) RACINOS GRADUATED TAX RATE: 25.0% - 35.0%

GAMING TAX REVENUE $622.14M

INDIANA

-11.4%

CASINOS GRADUATED TAX RATE: 5.0% - 22.0% RACINOS GRADUATED TAX RATE: 22.0% OR 24.0%

GAMING TAX REVENUE $307.87M

IOWA

-5.0%

CASINOS STRAIGHT-LINE TAX RATE: 21.5% 1 RACINOS STRAIGHT-LINE TAX RATE: 33.17%

GAMING TAX REVENUE $575.78M

LOUISIANA 1

0.7%

GRADUATED TAX RATE AND VARIES BY LOCATION: 4.4 % - 12.0% (PLUS ADMINISTRATIVE FEES)

GAMING TAX REVENUE $246.56M

MISSISSIPPI

-4.3%

STRAIGHT-LINE TAX RATE: 21.0% (PLUS $2 ADMISSION FEE PER PATRON PER 2 HOURS)

GAMING TAX REVENUE $436.83M

MISSOURI

-3.4%

RACETRACK & VLT MARKETS

EFFECTIVE TAX RATE 43.2%

GAMING TAX REVENUE $164.26M

DELAWARE

-8.2%

BLENDED TAX RATE: 59.5% EGD & 33.9% TABLE GAMES

GAMING TAX REVENUE $177.37M

FLORIDA

8.4%

STRAIGHT-LINE TAX RATE: 35.0%

CASINOS BLENDED TAX RATE: 46.0% EGD & 16.0% TABLE GAMES RACINOS BLENDED TAX RATE: 40.0% EGD & 16.0% TABLE GAMES

GAMING TAX REVENUE $51.35M

MAINE

-0.2%

BLENDED TAX RATE: 50.0%, 57.0% or 67.0% EGD & 20.0% TABLE GAMES

GAMING TAX REVENUE $487.55M

MARYLAND

17.2%

GAMING TAX REVENUE $864.18M

NEW YORK

-1.5%

STRAIGHT-LINE TAX RATE: 64.0%

CASINOS STRAIGHT-LINE TAX RATE: 33.0% RACINOS STRAIGHT-LINE TAX RATE: 33.5%

GAMING TAX REVENUE $487.10M

OHIO

36.6%

GAMING TAX REVENUE $1,347.67M

PENNSYLVANIA

-2.7%

BLENDED TAX RATE: 55.0% EGD & 16.0% TABLE GAMES

GAMING TAX REVENUE $327.25M

RHODE ISLAND

2.7%

BLENDED TAX RATE: 60.0% EGD & 18.0% TABLE GAMES

RACINOS BLENDED TAX RATE: 54.9% EGD & 35.0% TABLE GAMES HISTORIC RESORTS TAX RATE: 57.7% EGD & 35.0% TABLE GAMES

GAMING TAX REVENUE $295.95M

WEST VIRGINIA

-9.2%

OTHER MARKETS

EFFECTIVE TAX RATE 19.2%

GAMING TAX REVENUE $106.13M

COLORADO

2.5%

GRADUATED TAX RATE: 0.25% - 20.0%

GAMING TAX REVENUE $95.46M

KANSAS

-3.5%

STRAIGHT-LINE TAX RATE: 27.0%

GAMING TAX REVENUE $253.23M

MICHIGAN

-1.2%

STRAIGHT-LINE TAX RATE: 19.0%

GAMING TAX REVENUE $66.64M

NEW MEXICO

6.1%

RACINOS STRAIGHT-LINE TAX RATE: 26.0%

GAMING TAX REVENUE $20.63M

OKLAHOMA

NO CHANGE

RACINOS GRADUATED TAX RATE: 10.0% - 30.0%

STRAIGHT-LINE TAX RATE: 8.0% (PLUS $2,000 ANNUAL FEE PER GAMING DEVICE)

GAMING TAX REVENUE $15.86M

SOUTH DAKOTA

-2.3%

1 Louisiana casinos include riverboat and land-based operations. Land-based operations are subject to a minimum tax of $60 million, regardless of revenues.

10 | RubinBrown 2015 Gaming Stats