WTOL.com, Toledo's News Leader, News 11 | Ohio casinos to hit Michigan, Indiana gambling taxes
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INDIANAPOLIS (AP) - Ohio voters have approved the opening of casinos in Toledo and three other cities, leaving officials and gambling interests in neighboring Indiana and Michigan worried that millions of dollars in gambling revenues - and taxes - are at risk.
Indiana's casinos pay more than $900 million in state and local taxes annually. A report released last month by the Indiana Legislative Services Agency predicts the competition in Ohio will lead to the state losing more than $100 million of that slice of the gambling pie.
Any loss of casino tax revenue will also hurt Detroit and Michigan, which already face towering budget deficits.
The state took a $121 million share of the Detroit casinos' $1.36 billion in revenues last year. --- Goodman is based in Detroit.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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