Ohio Offer 33% Tax Revenue
March 22nd, 2009 admin Gambling News 0
US Midwestern state Ohio has attempted several times to get voters to grant casino gambling though that was unproductive. Ohio’s lawmakers are now taking a different shot at it. The proposal is that they are going to offer a new revenue tax rate. And the rate is low in comparison to any other states in the country.
The proposal comes from the Ohio Jobs and Growth Plan in light of the current recession in the USA. The administration hopes that the new plan would create more jobs at a time when a lot of citizens in Ohio are losing their current employment. According to source, the new tax rate for revenue from gambling industry will just be 33%. Spokesman for the plan, Bob Tenenbaum said “The decision (on the tax rate) was not based on what other states were doing, but rather what was fair for Ohio. Fairness was the biggest factor in coming up with this proposal”.
On the other hand, Maryland (state) taxes casino revenue at the rate of massive 67% whereas Pennsylvania has just expanded the casino options. The current tax revenue here at 55%. A proponent of bringing casinos to Ohio Senator Bill Seitz said “It’s not necessarily the plan I would have written, but I don’t have millions of dollars to push the plan I would have written. Let me say that I was more enamored of the Learn and Earn proposal than I am of this one.” The recent plan has already an uphill battle in Ohio, with voters shooting down a number of proposals over the previous decade.

The healthy businesses just keep getting worse, day by day, for Atlantic City (AC) casinos. Consequently, two of AC casinos are expected to be sold very soon though the current proprietors can be in for a battle just before the sales go on. The two casinos are Tropicana Casino and Resort, & Trump Marina Hotel Casino.

