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Ohio Casino Would Boost Jobs, Revenue

The Lakes Entertainment group is hoping that Ohioans vote in favor of allowing them to build a new slot machine and casino gambling establishment when they go to the polls on November 4th.

Those in favor of the new casino most frequently include new jobs as a major benefit. The slot machines and other gambling devices in the casino would bring in an estimated five thousand permanent jobs, which is to say nothing of those state residents who would be temporarily employed by the building of the new resort. The average wage would be thirty-four thousand dollars, which is a respectable sum by any means. It is believed that related tourism would bring the total up to almost sixty-eight thousand positions.

The new casino would also generate about eight hundred million dollars in annual revenue, with two hundred forty million of that projected sum being pumped straight back into the Buckeye State economy and divvied up amongst Ohio counties on the basis of population after the casino paid its taxes.

Detractors of the slot machine palace say that the casino’s opening would inevitably lead to more casinos in Ohio, as Indian tribes have been looking to move on the state for years. Indian tribal casinos are not required to pay taxes, and if that becomes the case, the original casino could also have its tax bill eliminated. Foes of gambling deny that the casino would ultimately be an economic boon, since their position is that slot games and other forms of gambling just pull money away from other areas of the economy.

Back to October 2008 Archive.