Ohio counties getting revenue from casinos - Cincinnati News, FOX19-WXIX TV

Ohio counties getting revenue from casinos

Cleveland's Horseshoe Casino Cleveland's Horseshoe Casino
CINCINNATI, OH (FOX19) -

Ohio's counties are starting to receive their money from tax revenue from the states first two casinos.

The Horseshoe Cleveland Casino and the Hollywood Casino Toledo have both been open since the spring and now are sending hundreds of thousands out.

The Cleveland casino opened May 13  and Cuyahoga County's share is over $554,000. The city of Cleveland will get the same amount, plus a little more, because it gets half of Cuyahoga County's allotment plus a bonus for being the home city of a casino.  

Lake County is getting $200,668 and Geauga County $81,379. 

The Hollywood Casino Toledo opened up May 29 and the city has received more than $500,000.  According to the Ohio Department of Taxation, total casino tax revenue take is over $19 million.

As for the state wide impact, the 88 counties split 51 percent of the tax take, based on population, with the four counties home to casinos splitting their share with the host city. The schools get 34 percent, and the host cities divide up another 5 percent. The 10 percent left is split among the casino control commission, the Ohio State Racing Commission, a law enforcement training fund and a problem gambling fund.  

The Horseshoe Casino Cincinnati is scheduled for a grand opening in Spring of 2013. The Columbus casino will open its doors this fall.

Copyright 2012 WXIX. All rights reserved.

 

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