A potential casino resort's host agreement was approved by Cedar Rapids city officials.
The 8% of net gaming earnings that Cedar Rapids Development Group has committed to the Linn County Gaming Association, which will use the money for local charitable causes and projects, is on top of the local tax share. The state, which receives 22% of the yearly gross gaming revenue from land-based and riverboat casinos, would impose additional taxes on the casino.
The 8% of net gaming earnings that Cedar Rapids Development Group has committed to the Linn County Gaming Association, which will use the money for local charitable causes and projects, is on top of the local tax share. The state, which receives 22% of the yearly gross gaming revenue from land-based and riverboat casinos, would impose additional taxes on the casino.
