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Ask Dr. Per Cap: The business of per cap
Dear Dr. Per Cap
When will we know how much June Per Cap will be? I’d like to know so I can make a budget.
– Planning Ahead
Dear Planning Ahead,
I think a lot of EBCI folks would love to know the amount of upcoming per capita sooner rather than later; however, the process of paying per cap is detailed and complex.
I recently had the privilege of chatting with Cory Blankenship, Secretary of Treasury for the EBCI, who explained how it all works. Semi-annual per cap payments are based on distribution periods or timeframes. June per cap comes from casino revenues earned between October of the previous year and March of the current year. December per cap reflects revenues between April and September of the current year.