Local casino revenues climb as most in state see decline

Published 12:02 pm Tuesday, July 20, 2010

Revenue-based tax payments paid to the city, county and schools here from Vicksburg’s five casinos were up 3.6 percent in June compared to the same month in 2009, indicating local casinos fared better than others along the Mississippi River and Gulf Coast.

Proceeds from three different revenue taxes collected from local casinos were $880,380 in June, compared to $849,024 a year ago.

Vicksburg gets the lion’s share of all local gaming tax revenue, including a 65 percent cut of the main 3.2 percent tax, while Warren County gets 25 percent and the school district, 10 percent. A second revenue tax equaling an 0.8 percent share of the state’s 8.8 percent revenue tax is split between the city and county nearly evenly based on populations.

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Casinos also are required to pay the city a $150,000 fee each year for each gaming device in operation. June numbers were boosted by a $117,900 device fee payment, and to date it has brought $438,750 to city coffers. Three casinos have paid the fee thus far in 2010, the same number as had paid to date in 2009.

Mississippi’s 30 state-licensed casinos saw slight uptick in winnings from gamblers in June compared to last year, according to figures released Monday by the Department of Revenue. Players left behind $189.6 million in June, up about $400,000 from June 2009, when Mississippi’s casinos won $189.2 million.

Despite the ongoing oil crisis, the 11 casinos on the coast fared better in June than their 19 counterparts along the Mississippi River — including Vicksburg, Tunica, Greenville, Lula and Natchez casinos. Coast casinos took in $87.2 million last month, up $3 million from $84.2 million in June 2009. River casinos won $102.3 million last month, down nearly $3 million from the $105 million won in June 2009.

The figures do not include the two Indian reservation casinos in the state, which do not pay taxes and are not required to report winnings.

Casinos also pay property taxes that support city, county and school operations.