Aug/21
2014

Figures released by Ohio Department of Taxation suggested that Ohio’s four casinos were in good momentum as shown by their quarterly tax revenue report. The latter saw a slight increase at the end of June 2014. This is actually the first quarterly increase since June 2013. As for casino games establishments servicing in Columbus, Cleveland, Cincinnati and Toledo, their overall tax revenues rose from $ 66.3 million to $ 68.2 million, which is 3 percent more than reported in the previous quarter.

Accordingly the city of Columbus will be granted $ 2.7 million. This amount is reasonably higher than in previous quarters. The total sum included $ 1.8 million from the city-county distribution. Despite all this, these figures fell short of what Ohio State officials had predicted. The fiscal year ending in June saw $273.4 million in tax revenue generated by the four casinos mentioned above, $36 million less than the State had expected.

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