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Ohio Getting
Taste of Las Vegas
Ohio is ready for their slot machines
to come in. Residents of the state have
voted in favor of issue three which
would allow four slot machine casinos to
come into the state as soon as possible.
More than 53% of those voters who showed
up on Election Day decided that they
wanted slot machines legalized in their
state, and he wanted to see the proposed
millions of dollars flowing into their
coffers.
The state of Illinois is not necessarily
as pleased as Ohio is as they are aware
that they will be losing millions of
dollars in slot machine revenue.
Illinois has counted on Ohio residents
to come to their state in order to
gamble at their slot machines, and now
they now and if Ohio is having them
within their borders that most residents
will most likely spend their money in
state instead of next door.
This is the problem that many states are
seeing where they may have been making a
nice sum of money off of the slot
machines that were functioning within
their state, but then a neighboring
state brings them in as well and they
see their numbers drastically drop. This
leaves them in a bind as the money that
they had been counting on from the slot
machines is no longer coming in the
amount that it was before.
They are now faced with having to cut
various programs due to a lack of slot
machine revenues. Some states choose to
add even more gambling and notes that
this will shore up their numbers, but
all it really does is buy them a little
time until a neighboring state brings in
the expanding gambling as well. This is
why states should never count on slot
machine revenue or any form of gambling
to make their budget dollars last.
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