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Originally posted by: MissL7777
Do the casinos pay state tax on the profits from our gambling losses?
Originally posted by: MissL7777
Do the casinos pay state tax on the profits from our gambling losses?
Yes.
Each month, Nevada's casinos pay up to 6.75% on gross gaming revenue ...a percentage that is the lowest in the U.S.. Casinos with more than 15 slot machines also pay an annual tax of $250 on each one.
The gaming industry contributes more tax revenue to the state than any other. $1.26 billion in 2010, about 46% of the state's general fund that year.
Each month, Nevada's casinos pay up to 6.75% on gross gaming revenue ...a percentage that is the lowest in the U.S.. Casinos with more than 15 slot machines also pay an annual tax of $250 on each one.
The gaming industry contributes more tax revenue to the state than any other. $1.26 billion in 2010, about 46% of the state's general fund that year.