CasinoCityTimes.com

Gurus
News
Newsletter
Search News Subscribe
Stay informed with the
NEW Casino City Times newsletter!
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links
 

Ohio Racing Commission recommends video slots

20 March 2009

COLUMBUS, Ohio -- As reported by The Columbus Dispatch: "In a homestretch run to save the state's flagging horse-racing industry, the Ohio State Racing Commission sent lawmakers a proposal today to allow 14,000 video slot machines at the seven racetracks across the state.

"The commission estimated that by 2013, electronic slots at racetracks would generate $1.3 billion after winnings are deducted. Of that, $625 million would go to a special education fund for primary and secondary schools; agents at the racetracks would keep $650 million in commissions.

"Thomas M. Zaino, a commission member and the state's former tax commissioner, said during a meeting at Beulah Park in Grove City that the proposal isn't 'a panacea for Ohio's economic woes or school-funding challenges. ... While adding such gaming will save Ohio's horse-racing industry, it will certainly not save Ohio.'

"Zaino contended that the General Assembly and Gov. Ted Strickland could approve the slots proposal without a public vote.

"Unlike video-slot and gambling proposals rejected by Ohioans in the past several years, the commission wants to have a state agency - the commission itself, the Ohio Lottery Commission or a new entity - and not a private company manage and regulate gambling operations. An estimated 150 additional state employees would be needed.

"The tracks would have to pay $50 million apiece over two years to become licensed agents for slot-machine operations..."

< Gaming News