Posted: Fri 8:33 AM, Jul 23, 2010
Reporter: Associated Press Email
Casino Money Boosts Iowa's Tax Revenue
The Iowa Legislative Services Agency says the state brought in $564.1 million in tax receipts last month, a boost of $44.3 million compared with June of last year.
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But the agency says net revenue from all taxes for the 12 months
ending this June fell to $6.146 billion. That's a decline of $195.8
million compared with the previous 12 months.
Gambling tax revenues were up 1.7 percent at Iowa's 17 state-regulated casinos compared to June 2009. It was the first jump in gambling tax revenues in nearly a year and a half.
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