The opening of casinos in Cleveland and Toledo and the "racino" at Scioto Downs in Columbus means, among manyother things, additional tax revenue. A third casino is scheduled to open in Columbus on Oct. 8, with a fourth tofollow in Cincinnati next spring. This brief reviews tax revenue that may be produced by casinos, and how that compares with state cuts to schools and local governments. Any new revenue is a welcome addition to strained local budgets. However, casino revenue makes up only a fraction of the cuts that local governments recently sustained because of slashed revenue from the state and the impending end ofthe estate tax.
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