Kansas Star Casino revenue distributions to local governments are down

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Thank you for your input. +1 Vote up Vote down Sally · 351 weeks ago Is there a percentage number of how much turnpike business there is? Report Reply 1 reply · active 351 weeks ago +9 Vote up Vote down OK gambler · 351 weeks ago Oklahoma casinos pay better. Report Reply 0 replies · active 351 weeks ago +5 Vote up Vote down Jim · 351 weeks ago if gambling revenue is down, how about revenue from the motel,food entertainment, and liquor sales? The county will see sales tax revenue from these additional sources. Report Reply 0 replies · active 351 weeks ago +10 Vote up Vote down JustMe · 351 weeks ago Do you think there could be a correlation between the bump during the first few months with end of the year bonuses and income tax returns? Then possibly a correlation between the end of the year slump with holiday spending/property taxes? Also may/june with the property tax thing. Probably need a few more years to really get any kind of grasp as to what the trend will be. Report Reply 0 replies · active 351 weeks ago +5 Vote up Vote down JP Buellesfeld · 351 weeks ago The State of kansas made a large change in the Deduction of gambling losses in (2013) only 70% of Gambling losses up to gambling winnings are deductible on a (2013)Kansas income Tax return. Jan 1,2014 (0%) of gambling losses up to Gambling winnings are deductible on a (2014) Kansas Income Tax return? Maybe these Kansas State law change is not helping the state owned mulvane,ks Casino. Report Reply 1 reply · active 351 weeks ago +4 Vote up Vote down Cry Me A River · 351 weeks ago Oh no!!!!! Money is a little bit down, but yet Sumner County is still getting over $140,000 more than they were getting when the casino didn’t exist. Let’s cry about it more! Report Reply 1 reply · active 351 weeks ago +7 Vote up Vote down guest · 351 weeks ago Not surprised that the new has worn off this fast but you can’t play for more than a few minutes before your money is gone – not much entertainment value in that. Rather go to Oklahoma where the entertainment value stretches much longer for the money. Report Reply 0 replies · active 351 weeks ago +7 Vote up Vote down JustMe · 351 weeks ago The postponement and cancellations of shows also does not help. Report Reply 0 replies · active 351 weeks ago +2 Vote up Vote down Thirsty · 351 weeks ago I try and keep people from going there. They are way too tight and theres a 98% chance you will lose your money. They need to loosen their slots and I bet they would see an increase in business again. Report Reply 0 replies · active 351 weeks ago +5 Vote up Vote down guest · 351 weeks ago shows canceled and postponements plus your chances of a win are slim to none. OKLAHOMA is where I go to the casinos that act like they are glad you came. Report Reply 0 replies · active 351 weeks ago 12Next » Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments March167,932190,40022,468 April145,120171,79926,679 December60,059158,15898,099 June144,006158,67914,673 by Tracy McCue, Sumner Newscow — Is the honeymoon over for the Kansas Star Casino in Sumner County?Whether it is naturally a slow time of the year for the casino or if there is reason for genuine concern, the latest lottery money distribution to Sumner County strongly indicates that business has tapered off and may be slightly declining at the local casino.Sumner County received its lowest full month distribution from the Kansas State Lottery Commission since the casino opened in December 2011. Sumner County received a $143,988 check from the state in November reflecting October business. The previous low was June 2012 when the county received $144,006 (see figures below). This follows October’s distribution of $144,355 which was the second lowest since the Star opened in December 2011. In January 2012 it received $60,059 but that reflected just one week of business when the casino opened that year.The Sumner County Treasurer’s office receives a monthly distribution from the state usually around the 10th of each month, based on total amount of revenue generated by the casino. Sumner County receives 1 percent of all Kansas Star receipts as does the city of Mulvane and Sedgwick County.The last two local government distributions were the lowest monthly totals in 2013 and the lowest since the casino fully expanded in December 2012.It also marked the first time in the brief Kansas Star Casino history that business decreased from the same month the year before. In October 2012, Sumner County received $147,506 from the state. That is $3,518 more than what was distributed this year.In September of 2012, the state sent Sumner County a $145,338 check compared to the $144,355 in 2013 for about a $983 decrease. While the distribution deceases are hardly back breaking, it does show that revenue has tapered off despite the new additions to the facility. Up until September of 2013, the casino was experiencing revenue growth every month from the year before.One should caution whether this is a trend, since this is only for two month revenue figures.Overall for 2013 Kansas Star Casino is still doing quite well. In fiscal year 2013, the Kansas Star netted $192,187,166 in it first full year of operation from Nov. 1, 2012 to Oct. 31, 2013 (see figures here).Kansas Star did better than the two other state-run casinos combined, according to the figures by the Kansas Lottery Commission. In fiscal year 2013, Boothill Casino in Dodge City generated $43.35 million in revenue and Hollywood Casino in Kansas City generated $124.9 million. Even this month, Kansas Star is generating more than the other two casinos combined.Sumner County is already receiving more money from the state in 2013 than it did in 2012. Currently, the county has received $1,792,222 in 2013 – not counting December’s distribution which will reflect November’s business. In 2012, the county received $1,733,892. The county is already ahead $58,330 from last year’s distributions. Of the 10 months where monthly figures can be compared, Sumner County has seen an increase of $105,830.But if the two month trend continues, Sumner County may need to budget accordingly and plan for less money distribution in 2014. 20122013Dollar change October147,506143,988-3,518center_img January155,564163,6888,124 August156,732164,1087,376 February164,470169,9675,497 July150,162163,24413,082 November145,599 TOTAL:1,733,8921,792,222203,929 September145,338144,355-983last_img read more