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Issue 3: Casinos back on the ballot in Ohio

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Staff report Updated 5:22 PM Saturday, August 22, 2009

In November, voters will be asked to amend the Ohio Constitution to allow four casinos — one each in Toledo, Cleveland, Columbus and Cincinnati.

Here are the details:

Backers: Penn National Gaming Inc., a gambling company that also owns Toledo Raceway, and Dan Gilbert, owner of the Cleveland Cavaliers and operator of Quicken Loans.

Claims: 34,000 new jobs, $1 billion in private investment, $200 million in licensing fees, and $651 million per year split between schools, state and local governments.

Other: The casinos would operate 24 hours a day, seven days a week and be allowed to offer any form of gambling that surrounding states do.

Detroit’s three casinos have brought millions into the local economy, even as the city and state have struggled economically.

Year	Revenues	Taxes
1999*	$188.4 million	$15.3 million
2000	$743.6 million	$60.2 million
2001	$1 billion	$81.6 million
2002	$1.12 billion	$91.1 million
2003	$1.13 billion	$91.5 million
2004	$1.19 billion	$111.4 million
2005	$1.23 billion	$148.6 million
2006	$1.3 billion	$157.7 million
2007	$1.33 billion	$157.3 million
2008	$1.36 billion	$121 million
2009**	$797.9 million	$72.7 million

*July to Dec.

**Jan. to Dec.

Note: Tax rates increased in 2004 and then decreased as casinos opened hotels. Tax receipts dipped last year mostly because the city reduced the tax rate as an incentive to hasten hotel construction.

Source: Michigan Gaming Control Board

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