Legislators Set Nebraska Casino Revenue Tax at 20%

Nebraska lawmakers faced significant challenges this legislative session in deciding on the state’s rules and regulations for horse racetrack casinos. The legislature set Nebraska casino revenue tax at 20%. And legislative fiscal analysis says that the tax could bring in an estimated $45 million.

Nebraska Initiative 431 was on the ballot on November 3, 2020. Over 600,000 people supported imposing an annual tax of 20% on all gross gaming revenue of legitimate gaming operators.

Gross gaming revenue is the amount of money players gamble minutes, any promotion gaming credits received from the operator, federal taxes, and the amount won.

Supporters of the measures say that the newly authorized casinos would keep Nebraska residents from spending their money elsewhere. The law earmarks:

  1. 2,5% to support treatment for compulsive gamblers
  2. 70% to the Property Tax Credit Fund
  3. 25% to the city or county where the track is
  4. 2,5% to support treatment for compulsive gamblers

In Nebraska, if you wish to play the lottery or keno, you will need to be 19 years or older. While the minimum age for pari-mutuel horse race betting and charitable games is 18. And if you wish to sign up for an online casino, poker site, or sportsbook, you must be 18 years or older

It comes as no surprise that Nebraska doesn’t have a regulated online gaming market, given the state’s stance on commercial casinos.

On the bright side, Nebraska didn’t take a harsh stance against internet gaming, which allows residents to play at offshore sites. At last, if interested, a map of casinos in Nebraska found here can give you all of the remaining information and locations of casinos in this state.

Guide To Online Gambling in Nebraska

For those of you who would like to play online casino games in Nebraska, you should know that you won’t have a problem doing so. Nebraska has yet to propose a serious ban on this activity, but as for now, they have no section declaring online gambling to be legal or illegal, which means that Nebraska residents will have no problem playing at offshore casino sites.

A lot of people get scared to participate in playing on offshore sites because they think they can get arrested for it. However, no one has ever been arrested strictly for playing online casino games in Nebraska.

The only possible scenario of an individual getting arrested is if they make it a public point that they are gambling online in Nebraska. Therefore, if that’s not the case, players’ odds of being arrested are pretty much non-existent.

Guide to Choosing an Offshore Gaming Site

If you go to Nebraska, you would see that safety and security are not something this state takes lightly- quite the contrary. However, if you want to gamble on an offshore site, you must know that the state can’t protect you from scams; that’s something you need to take care of.

On the bright side, as long as you follow some simple rules when looking for a quality and secure online casino site, there’s no need to feel intimidated by scammers.

The first thing you should look for when choosing a gaming site is a license. Every legal casino site must have a proper license disclosed on its home page. This is insurance that will keep your mind at ease at all times, hence why it’s crucial.

Next, you most likely don’t want to choose a casino site that’s slow to process a cash-out and has a bad reputation. Therefore reading reviews is a crucial step to discovering what kind of reputability a site offers.

Finally, considering that you are risking your data’s safety to have a little bit of fun time, you should always pick a site that has the best game options and selection. An online casino with big bonuses, frequent loyalty rewards, and a variety of games to choose from is just the right site.

Sports Betting in Nebraska

Governor Pete Ricketts signed the state’s first commercial gaming bill into law in May 2021, which means that Nebraska sports betting is now officially legal. However, you should keep in mind that the gaming bill permits only retail sportsbooks at pari-mutuel race tracks.

Unfortunately, it is illegal to bet on college games featuring in-state programs played in the state. This means that gambling enthusiasts won’t be able to bet on the Nebraska Cornhuskers football team games when they play, for example, at Memorial Stadium in Lincoln.

It can be said with certainty that sports betting is becoming more popular by the day all around the world, including in Nebraska. If you want to place a bet on your favorite team, know that you have legal access to a handful of reputable and secure online sportsbooks like MyBokkie, Xbet, and Bovada.