Tax Revenue From Casinos Falls Short Of Predictions

Five racinos have opened since casino gambling was introduced in Ohio in 2012, and two more are slated to open in the coming months.(Photo: .)
Five racinos have opened since casino gambling was introduced in Ohio in 2012, and two more are slated to open in the coming months.(Photo: .)

Ohio’s casino tax revenue over the past year fell short of what state officials had predicted.

The state’s four casinos generated $273.4 million in tax revenue in the fiscal year that ended in June. That was more than $36 million less than the state had predicted.

The state executive budget for the fiscal year estimated that casinos would bring in more than $309 million in tax revenue. The Department of Taxation said Thursday that the gambling revenue missed the target by nearly 12 percent.

The likely reason is competition: Five racinos have opened since casino gambling was introduced in Ohio in 2012, and two more are slated to open in the coming months.

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