The state will receive revenue from a 25 percent tax on casino revenues and a 40 percent tax on the slots facility revenues. The collected revenues would be used to fund essential state and local services, including public safety, education, transportation, public health, debt reduction, local aid, and the stabilization fund.
Licensing fees collected by the state - at least $85 million for each casino and $25 million for the slot facility license - would be used for community mitigation, local capital projects, community colleges, tourism, and other municipal needs. Any applicant approved for a license must agree to minimum investments of $500 million for a casino and $125 million for the slot facility license, with an upfront 10 percent deposit.