Revenue report for Ohio casinos released

Casinos in Ohio are taxed at 33 percent of their revenue.

Schools, the state racing commission, law enforcement for training and the problem gambling programme benefit from gambling revenue.

US.- The Ohio Casino Control Commission released the March 2016 Revenue Report for Ohio casinos. Gambling facilities are taxed at 33 percent of their revenue and 34 percent of that amount goes to schools all across the state on a semi-annual basis.

According to Jessica Franks, Director of Communication Ohio Casino Control Commission, all 88 counties, all school districts, the host cities, the OCCC for their operations, the state racing commission, law enforcement for training and the problem gambling programme receive a portion of the tax.

Fifty two percent of Ohio voters approved a constitutional amendment to allow casinos in the state. Under the amended legislation, each casino is required to pay a license fee of US$50 and to make an initial investment of US$250 million.

The four Ohio casinos, the Horseshore in Cincinnati and Cleveland and the Hollywood in Columbus and Toledo, brought in US$211,366,400 adjusted gross income (adjusted gross revenue minus any winnings paid out or promotional dollars spent.)