New Norfolk Casino May Bring Millions in Gambling Tax Revenue
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The proposed casino by the Pamunkey Indian Tribe in Norfolk may bring millions in gambling tax revenue. The new casino project is pending the approval of Norfolk residents in November.
New Norfolk Casino May Bring Millions in Gambling Tax Revenue. Pamunkey Indian Tribe's proposed $500 million hotel-casino resort depends on a referendum set for November 3. If build as advertised, the city will profit from gambling tax and local taxes such as food, beverages, and real estate levies.
New Norfolk Casino may bring millions in gambling tax revenue. Public safety and gambling addiction are concerns of Norfolk residents. According to Filer, 5% of the gambling revenue may be used to fund the city's gambling treatment program. The city would still make approximately $24.8 million in taxes even if a smaller casino is built.
The Pamunkey Indian Tribe proposes a $500 million casino project in Norfolk. It will be 3,000 slot machines, 150 table games and a 300-room luxury hotel. The project estimates it will generate revenue between $415 million and $485 million per year.
