LINCOLN- The first three months of casino gambling didn't translate into much property tax relief for property owners in Nebraska. But taxes collected on gambling revenue made a slight increase in the amount of property tax credits that the state will provide this year and are expected to provide much bigger boosts in the future.

State revenue officials reported that gambling added nearly $1.37 million to the $360 million allocated by state lawmakers for credits this year. That represents the state share of tax revenue from WarHorse Casino Lincoln, the first casino to open after voters approved expanded gambling at horse race tracks. Through the first eight months of this year, casino gambling has put nearly $8.5 million into the Property Tax Credit Fund.

The Department of Revenue announced that the Property Tax Credit Fund will provide credits worth $110.35 per $100,000 of valuation for homes and businesses. That means the owner of a $200,000 house will get $220.70 subtracted from his or her tax bill, with gambling taxes accounting for just 84 cents of the total.

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