OMAHA - Today is a big moment for the gaming industry in Nebraska. The Nebraska Racing and Gaming Commission set licensing fees to operate casinos in the state.

Applications can now be submitted, along with an initial $1 million. The total fees are $5 million, which will be paid over the course of five years.

As soon as the gambling dollars begin to roll in, the money will start to go towards property tax relief to the joy of Nebraska homeowners.

It has been a long road to get to this point after Nebraska voters approved casino gambling in the state in November 2020.

Lynne McNally is the CEO of the Nebraska Horsemen’s Association. Lynne says the casinos will keep gambling dollars in the state and also help homeowners to keep some dollars in their pockets.

“20 cents of every dollar generated is going directly to the property tax relief fund that money belongs to the people of the state of Nebraska and we have a responsibility to send that money back as soon as possible.”

As much as $120 million a year could go to property tax relief in the state, according to official estimates.

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