The County would receive a Net Win payment (calculated based on the total amount wagered at the casino minus the amount paid out as winnings).
The agreement also provides for a minimum payment to the County regardless of the Net Win allocation — a base if the Net Win does not reach this level. These annual minimums begin at $50,000 in the first year of the agreement, ramping up to $500,000 in years 3-8 and $1 million in year 9 and going forward.
The County is also to receive a Tribal Sales Tax payment at a rate equal to the 5.5% State of Wisconsin Sales Tax, plus an annual Responsible Gaming payment of $75,000 per year, to match an identical allocation from the County for the assessment and treatment of problem gamblers. An additional provision provides for payments from the tribe to the County to be used for debt service on the County’s new Human Services Building.
All told, per an analysis by the County’s Finance staff, the county expects to receive the following payments:
- In Calendar Years 3-8, the County expects to receive:
- Net Win payments ranging from $2.3 million to $2.7 million per year.
- Tribal Sales Tax payments ranging from $1.2 million to $1.3 million per year.
- Responsible Gaming match of $75,000 each year.
- In Calendar Years 9-12, the County expects to receive:
- Net Win payments ranging from $3.6 million to $3.9 million per year.
- Tribal Sales Tax payments ranging from $450,000 to $475,000 per year.
- Responsible Gaming match of $75,000 per year. Payments to be used for debt service on the Human Services Building of $650,000 per year.
- From Calendar Year 13 forward, the County expects to receive:
- Net Win payments of $3.95 million per year, increasing by approximately 2% per year.
- Tribal Sales Tax payments of $480,000 per year, increasing by approximately 2% per year.
- Responsible gaming match of $75,000, remaining at that level each year.