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Dubuque Greyhound Park and Casino-Increased Gaming Tax Impacts
Riverboat Gaming Tax Rate State Tax Paid in Excess of Riverboats Dubuque Greyhound Park & Casino 1999 act. act. act. prof. proj. proj. proj. proj. 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% $456,800 $1,055,193 $1,846,543 $2,462,058 $3,077,572 $3,693,087 $4,308,601 $4,924,116 $21,823,969 1997 1998 2000 2001 2002 2003 2004 Total Racetrack Casino State Tax Rate AGR Casino State Gaming Tax State Admissions Tax 22.00% 24.00% 26.00% 28.00% 30,00% 32.00% 34.00% 36.00% $25,1340,008 $29,379,819 $33,775,722 $33,775,722 $33,775,722 $33,775,722 $33,775,722 $33,775,722 ($5,274,802) ($6,581,157) ($8,251,688) ($8,867,202) ($9,482,717) ($10,098,231) ($10,713,745) ($11,329,260) ($450,000) ($450,000) ($450,000) ($450,000) ($450,000) ($450,000) ($450,000) ($450,000) Increased Gaming Tax Impacts State of Iowa - Tax Increase City of Dubuque - Distribution Decrease Charitable Organizations - Distribution Decrease DRA - Distribution Decrease $456,800 ($228,400) ($114,200) ($114,200) $1,055,193 $1,846,543 ($527,596) ($923,272) ($263,798) ($461,636) ($263,798) ($461,636) $2,482,058 ($1,231,029) ($615,514) ($615,514) $3,077,572 ($1,538,786) ($769,393) ($769,393) $3,693,087 ($1,846,543) ($923,272) ($923,272) $4,308,601 $4,924,116 $21,823,969 ($2,154,301) ($2,462,058) ($10,911,965: ($1,077,150) ($1,231,029) (55,455,992; ($1,077,150) ($1,231,029) (55,455,992' Note to user: Assumes Constant AGR for Comparative Pu posos m 0 0 co c 0 6 5 4 3 2 1 0 -1 -2 -3 Increased Gaming Tax Impacts ® State of Iowa M Charities CS City of ❑ DRA Dubuque NI_ 1997 1998 1999 2000 2001 2002 2003 2004 Year 25 20 15 10 -10 -15 Total Impact ■ State orlowa 0 Chorales Cttyot Dubuque ❑ DRA