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US Tax Revenue Erodes Further As Casino Revenue Erodes

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US Tax Revenue Erodes Further As Casino Revenue Erodes

Unread postby InToWishin » Wed 24 Dec 2008, 08:11:29

Every fired worker: less income tax
Every lost sale: less sales tax

and now

U.S. casino revenues falling like dominoes

As noted earlier this month, Nevada casinos suffered their worst ever year-over-year decline in October as gaming revenues plummeted 22 percent.

November casino revenue down 7.6%

The reduction in revenue from that lost income translates to about $1.5 million less in casino taxes for the two Coast counties and $3 million less for the state, King said.
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