CLEVELAND (AP) — The growth of racetrack slots gambling in Ohio has led to declining casino revenue for
local governments.
Casino
taxes are split seven ways, most going to counties and host cities. But
as Ohio’s racino industry expands to seven outlets this year, the
public take for racinos goes only to education.
The switch has
made some local governments wary of allocating uncertain casino money
for mandated expenses like courts and jails. Instead, they use the money
for extra items like one-time projects.
The overall casino tax
pot is shrinking. Ohio is distributing $68 million, the local cut of
taxes collected from casinos from October through December. That was 2.2
percent less than the last quarterly disbursement.
On the racino side, the October-December take was $28.1 million, up 25 percent.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.
CLEVELAND (AP) — The growth of racetrack slots gambling in Ohio has led to declining casino revenue for
local governments.
Casino
taxes are split seven ways, most going to counties and host cities. But
as Ohio’s racino industry expands to seven outlets this year, the
public take for racinos goes only to education.
The switch has
made some local governments wary of allocating uncertain casino money
for mandated expenses like courts and jails. Instead, they use the money
for extra items like one-time projects.
The overall casino tax
pot is shrinking. Ohio is distributing $68 million, the local cut of
taxes collected from casinos from October through December. That was 2.2
percent less than the last quarterly disbursement.
On the racino side, the October-December take was $28.1 million, up 25 percent.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.