His office estimates the machines will rake in nearly us$ 1 billion in 14 months
Ohio governor wants to add slots
(US).- Governor Ted Strickland's plan to balance the budget with gambling money includes legalizing up to 15,250 slot machines at Ohio's seven horse racetracks, with most of the games plugged in by May 2010.
2009-06-25
Reading time 23 seg
The governor's office estimates the machines will rake in nearly us$ 1 billion in 14 months - from May 2010 to the end of the 2011 fiscal year.
The plan would allow the state to collect 48 % of that revenue for education spending while the other 52 % would be split among the seven track owners and pay administrative and operational expenses, including payouts to lucky winners.
The state would also collect a one-time licensing fee from each owner, somewhere in the neighborhood of us$ 65 million for each location depending on how many machines are at each track.
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