Race Tracks Want Video Slot Machine Program Changed 

The slot machines haven't even come in yet and already there are problems with how they are. The state of Ohio is bringing in slot machines to their racetracks across the state. However, those tracks that will be getting the slot machines are asking the Ohio Lottery Commission to change the way they plan on implementing those operations. 

The tracks want an agreement between the state and them to outline how the slot machines are going to work. They say that without any form of an agreement that shows the terms and conditions as to how the agents of the slot machines are going to be operating, it will be impossible for them to “obtain the required financing and other required financial security” in order to get their applications in. 

Under the current rules, the application deadline is September 15, and if they don't have in their application by that date they could be looking at a $15 million fee. This would make their 10 year permit fee $80 million instead of $65 million. According to the lottery commission their proposed changes are under review. The group is also asking for the bonding and insurance requirements to be dropped, as they say that it makes the projects “economically infeasible.” 

The letter has 22 proposed changes to the commission rules, including what kinds of slot machines will be brought in, who'll be doing the selecting of those slot machines, how payouts will be managed, and how many slot machines will be allowed. The racetracks want much more of a say in how the slot machines are handled on their properties, and the commission is not necessarily agreeing with them.

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