Ohio casino revenue may be less than projected - 13abc.com Toledo (OH) News, Weather and Sports

Ohio casino revenue may be less than projected

CLEVELAND (AP) - Gov. John Kasich's budget proposal suggests that revenue from Ohio's four voter-approved casinos could be about half of what officials had predicted years ago.

The Cleveland Plain Dealer reports that state officials estimated four years ago that the casinos could take in as much as $1.9 billion a year after all were in operation.

But Kasich's budget proposal issued Tuesday projects that gross casino revenue will be $957.7 million for the fiscal year beginning July 1. It could rise to just over $1 billion in the following fiscal year.

The figure is significant because smaller revenues mean fewer tax dollars for the state.

Officials say the lower estimate takes into account competition from racinos and lower-than-expected revenues at the three casinos already operating.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • LocalMore>>

  • Water rescue at Farnsworth Metropark in Waterville

    Water rescue at Farnsworth Metropark in Waterville

    Friday, April 18 2014 4:22 PM EDT2014-04-18 20:22:57 GMT
    Waterville crews are trying to reach passengers on a boat stuck on the Maumee River. It's happening near Farnsworth Metropark in Waterville. No one is hurt, but a family is stuck on a boat that has been
    Waterville crews are trying to reach passengers on a boat stuck on the Maumee River. It's happening near Farnsworth Metropark in Waterville.
  • Missing boater's father: "We just want to get him home"

    Missing boater's father: "We just want to get him home"

    Friday, April 18 2014 4:05 PM EDT2014-04-18 20:05:37 GMT
    We are learning more about the two remaining missing boaters on Lake Erie. Bryan Huff of Rossford is an experienced fisherman. His dad says he lived on the lake. Andrew Rose of Maumee works as a bartender
    ODNR and the Ottawa County Sheriff's Office continue combing Lake Erie for the missing men using sonar equipment.
  • breaking news

    Jury finds Amanda Bacon guilty in death of her son

    Jury finds Amanda Bacon guilty in death of her son

    Friday, April 18 2014 2:38 PM EDT2014-04-18 18:38:34 GMT
    The jury found Amanda Bacon guilty in the murder of her son. She was found guilty of murder and child endangerment charges. She was not found guilty of aggravated murder. Amanda Bacon was charged with
    The jury has found Amanda Bacon guilty in the murder of her son. The jury returned a guilty verdict on murder and child endangerment charges. Bacon was not found guilty of aggravated murder.
  • Top StoriesMore>>

  • breaking news

    Jury finds Amanda Bacon guilty in death of her son

    Jury finds Amanda Bacon guilty in death of her son

    Friday, April 18 2014 2:38 PM EDT2014-04-18 18:38:34 GMT
    The jury found Amanda Bacon guilty in the murder of her son. She was found guilty of murder and child endangerment charges. She was not found guilty of aggravated murder. Amanda Bacon was charged with
    The jury has found Amanda Bacon guilty in the murder of her son. The jury returned a guilty verdict on murder and child endangerment charges. Bacon was not found guilty of aggravated murder.
  • Water rescue at Farnsworth Metropark in Waterville

    Water rescue at Farnsworth Metropark in Waterville

    Friday, April 18 2014 4:22 PM EDT2014-04-18 20:22:57 GMT
    Waterville crews are trying to reach passengers on a boat stuck on the Maumee River. It's happening near Farnsworth Metropark in Waterville. No one is hurt, but a family is stuck on a boat that has been
    Waterville crews are trying to reach passengers on a boat stuck on the Maumee River. It's happening near Farnsworth Metropark in Waterville.
  • Missing boater's father: "We just want to get him home"

    Missing boater's father: "We just want to get him home"

    Friday, April 18 2014 4:05 PM EDT2014-04-18 20:05:37 GMT
    We are learning more about the two remaining missing boaters on Lake Erie. Bryan Huff of Rossford is an experienced fisherman. His dad says he lived on the lake. Andrew Rose of Maumee works as a bartender
    ODNR and the Ottawa County Sheriff's Office continue combing Lake Erie for the missing men using sonar equipment.

Area Events Calendar

See It, Shoot It, Send It!