Casino tax revenue
Published 12:00 am Sunday, February 15, 2009
Vicksburg’s five casinos pay a 3.2 percent revenue tax to the State of Mississippi that is divided, with 10 percent going to schools, 25 percent to Warren County and 65 percent to the city. A second revenue tax is a 0.8 percent share of the state’s 8.8 percent revenue tax. It is split based on population proportions between Vicksburg and Warren County. Each casino is also required to pay $150 for each gaming device annually to the city. Riverwalk Casino opened on Oct. 28. These are the latest receipts.
November 2008
City $501,714.76
County $236,900.98
Schools $64,227.46
Fiscal year 2008
City $1,035,355.10
County $438,481.53
Schools $118,938
November 2007
City $425,029.32
County $200,380.10
Schools $54,383.43
Fiscal year 2007
City $1,040,165.10
County $439,317.41
Schools $119,272.39
* Vicksburg’s four casinos also pay annual property taxes to the city and Warren County
* Vicksburg’s casinos pay a $150 annual fee per gaming position at various times each year. Last year, the city collected $733,440. So far this fiscal year, the city has collected $384,807.