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Casino Trend Possibly Reaching Ohio

The online casino and land-based casino trend is definitely spreading like wildfire all over the globe. And now, Ohio is on the radar. With all but one state, which neighbors Ohio, casino gambling has been legalized in the US. Because Ohio has yet to legalize land-based casino gambling, it is missing out on hundreds of millions of dollars in potential tax revenue every year. This argument has been pushing the claims of gambling proponents that Ohio law should be amended to allow casino gambling in The Buckeye State.

The main advocates for casino gambling in Ohio are of Native American heritage. These tribal groups bring forth statistics that indicate anywhere from $500 million to $900 million can potentially be generated by casino gambling in the form of state tax revenues. Ohio casino fans are practically running to neighboring states like Michigan, West Virginia, Indiana, and even Ontario, Canada, in order to gamble at casinos. According to these facts, there seems to be a great likelihood that Ohioans would stay in their home state and gamble is casino gambling was legal.

According to the American Gaming Association, statistics have been published to show that 18 states have casinos, and much talk about a legalized gambling law being passed in Florida and Pennsylvania has made headlines over the past few months. Stiff opposition in Ohio has been present when discussions of legalized casino gambling have been raised. If the casino gambling issue continues to come up in the state legislature next year, a very tough battle and debate will take place. The future of Ohio’s casino gambling sector remains unclear for the time being.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.