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dalhectar t1_j6aunh8 wrote

Reply to comment by unarj in Petersburg Casino by SwanOverSunshine

No. According to § 58.1-4124 a casino pays 18%-30% gross revenue to the state, which the state then gives 6%-8% gross revenue to the host locality (33%-26% of the collected tax).

A typical restaurant which pays 0.36% gross for it's business license. Casinos pay localities 16%-22x more than other businesses like restaurants.

So not a pittance.

Richmond's not getting it. Getting that 8% is why Petersburg officials want it.

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unarj t1_j6dveqm wrote

good info, thanks. balanced against what it takes away from the local economy I would still consider it a loss. hopefully we can put this all to bed soon and maybe focus on things that actually help Richmonders (Richmonites? Richmonians?).

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