A constitutional amendment that is seeking to be added to the November ballot, would bring $1 billion in private investment, $600 million in annual tax revenue, and 20,000 new jobs if passed, according to the Ohio Jobs and Growth Committee.
The
Ohio Jobs and Growth Plan would establish casinos in the center cities of Cincinnati, Cleveland, Columbus, and Toledo; would mandate that casino developers and operators invest $250 million into each of the four communities; would require a licensing fee of $50 million per casino; and would impose a 33 percent tax on gross casino revenue.
The plan designates a "large majority" of the revenue from casino taxes to all 88 Ohio counties, the state's eight largest cities, and every school district in the state.
Primary backers of the plan include Dan Gilbert of Cleveland-based Rock Ventures and
Penn National Gaming, Inc., a prominent operator of gaming facilities and horse racing tracks.
Under Ohio election law, the committee must obtain valid signatures of 402,275 registered Ohio voters by July 1 for the proposal to qualify for the November ballot.
Read the full release
here.
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