Lower than Estimated Casino Revenue Changes Budget Plans
February 05, 2013
In 2009 it was estimated that Ohio's four casinos could earn the state around
$1.9 billion a year. However, Governor John Kasich's recently released proposed
budget has the gaming revenue of less that expected.
The budget was released on Tuesday. $957.7 million is the expected gaming
revenue expected by casinos. It is possible that by next fiscal year the amount
could be over $1 billion.
The lower amount of earned revenue will result in less money for the state.
The estimated amount of gaming revenues is based on racino competition. Revenues
from the currently operating casinos have also been lower than expected.
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