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The Ohio Casino Control Commission on Wednesday approved plans …
Ohio casinos will cut into nearby states' winnings
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 05/26/2012
CLEVELAND - Ohio's entry into casino gambling this spring isn't good news for its neighboring states.
States including Indiana, Michigan and Pennsylvania are likely to lose millions of dollars in tax revenues as more Ohioans stay home to gamble. That could mean less money for schools, college scholarships, roads and bridges.
Indiana alone estimates it will lose as much as $100 million in tax revenue in the first year after all four of Ohio's casinos are operating.
Cash-starved states are increasingly leaning on gambling money from new casinos to get them through lean times.
Ohio's first casino has drawn big crowds in Cleveland since opening two weeks ago. A second one gets going in Toledo on Tuesday.
The state expects to collect about $600 million a year from taxes on casino wagering.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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