Nevada’s Gaming Tax Could Be on the Rise

As reported by the Associated Press, Nevadans for a Fair 9 Percent Gambling Revenue Tax, backed by conservative businessman Monte Miller, filed an initiative Tuesday that would raise taxes on Nevada's highest earning casinos. The measure would raise the top tier of gambling taxes to 9 percent, up from 6.75 percent, for casinos that make more than $250,000 a month. According to state regulators, this would affect about 170 of Nevada's 443 license holders.

Virginia Valentine, president of the powerful Nevada Resort Association, opposes the measure. She had this to say via email:

"This initiative represents a 33 percent tax increase on the gaming industry, which would be reckless and irresponsible. We are currently reviewing the language. If this effort is indeed legitimate, we will oppose it vigorously."

Miller said his motive is fairness.

"Nevada's individuals and small businesses are overtaxed," Miller said. "By fairly taxing the billions of dollars that big casinos win from high-rolling gamblers, we can lower taxes and fees on individuals and small businesses who are struggling during these tough economic times."