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Question of the Day - 26 August 2006

Q:
What percent of casino profits does the state of Nevada get?
A:

The state of Nevada collects the following fees and taxes on slot machines and table games:

a $250 annual tax per slot machine

a $20 quarterly license fee per machine

an annual license fee for table games of $100 for one up to $16,000 for 16 (the fees go up in uneven increments), plus $200 for every game over 17

a quarterly license fee of $12.50 for 1 game up to $20,300 for 36 or more, plus $25 for each game over 35

There's also a monthly percentage fee based on gross gaming revenue:

3.5% of the first $50,000 during the month, plus 4.5% of the next $84,000, plus 6.75% of revenue exceeding $134,000

In 2005, the total amount collected in fees and taxes came to $1.02 billion.

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