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Casino gambling revenues expected to drop; first time in 16 years

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New Richmond,Wisconsin 54017
New Richmond News
Casino gambling revenues expected to drop; first time in 16 years
New Richmond Wisconsin 127 South Knowles Avenue 54017

Casino gambling revenues are expected to go down in Wisconsin for the first time in 16 years.

The Madison Capital Times says analysts project a nearly 5 percent drop in Indian casino revenues this year, and a relatively small gain of 3 percent next year.

And it's not just the casinos that are hurting. The Legislative Fiscal Bureau says the state government will get almost $16 million less in gaming revenues in the current two-year budget period.

That means taxpayers will have to make up for those losses.

And lottery ticket sales are expected to drop by $21 million dollars this year.

That means homeowners will get smaller property tax breaks from the lottery.

They can expect around $78 for a lottery credit in December, down from $97 two years ago.

Last year, Wisconsin's Indian casinos had a combined revenue increase of just 0.4 percent.

But Bobbi Webster of the Oneida tribe says there's been an increase in its bingo business.

She says it gives players a chance to stretch their entertainment dollars a little longer.