Sports gambling in play for Ohio
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So...you are saying that it is a turf war between the lottery commission and the gambling commission. Well, ain't that a fine how'd you do?
Of course, that begs the question: wasn't all this gambling: lottery, casinos etc. supposed to be a panacea for our tax woes in this state? To help education and all that? How is that panning out.
Supposedly this is the answer:
Where Lottery Money Goes: The Answer
If you or someone you know were wondering, where the money goes from the sale of Ohio Lottery games, here is some information that might be helpful:
During Fiscal Year 2010, the Lottery generated $2.49 billion in sales.
A breakdown of where that money went:
Prizes: 61 percent ($1.51 billion)
Profits: 29 percent ($728.6 million)
Retailer commission & bonuses: 6 percent ($153.4 million)
Operations: 4 percent ($109.4 million)
By law, 100 percent of profits from the sale of Ohio Lottery games go to the Lottery Profits Education Fund in support of schools, K through 12. The Ohio Department of Education, based upon appropriations made by the General Assembly, distributes this money.
The Ohio Lottery provides about 4 percent of the funding needed for school operations statewide. The majority of public school funding is generated by federal, state and local taxes.
My personal feeling is that the lottery commission likely is goosing that 61% going to prizes. Maybe it does, but it sure does not seem like it.
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Here possibly is part of the issue:
Year over year, overall gambling revenue in Ohio continues to climb. But where that income comes from impacts local governments because they receive roughly half of the casino tax proceeds, while the taxes racinos pay go directly to schools.
So it seems that lottery and racino tax revenues go to schools....where the casino revenue apparently is not specifically designated to go to schools.
My personal opinion is that they should be run by the casinos.....most of which are run by national gaming companies with experience in Las Vegas running sports books.
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Some interesting information on casino revenues/payouts in Ohio:
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Here possibly is part of the issue:
Year over year, overall gambling revenue in Ohio continues to climb. But where that income comes from impacts local governments because they receive roughly half of the casino tax proceeds, while the taxes racinos pay go directly to schools.
So it seems that lottery and racino tax revenues go to schools....where the casino revenue apparently is not specifically designated to go to schools.
My personal opinion is that they should be run by the casinos.....most of which are run by national gaming companies with experience in Las Vegas running sports books.
Here possibly is part of the issue:
Year over year, overall gambling revenue in Ohio continues to climb. But where that income comes from impacts local governments because they receive roughly half of the casino tax proceeds, while the taxes racinos pay go directly to schools.
So it seems that lottery and racino tax revenues go to schools....where the casino revenue apparently is not specifically designated to go to schools.
My personal opinion is that they should be run by the casinos.....most of which are run by national gaming companies with experience in Las Vegas running sports books.
I've always believed in that old adage when you have issues or problems whether it's in business, politics or whatever follow the money!
It often will lead you to the root cause(s) of what you are dealing with.
.....edit add, but how to actually solve it is the tricky part.
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I live right at the W.V. border so I can easily go to the Wheeling Downs and place bets on Sports. But if you don't live close by you can still place bets on line so I am not sure if this would even make a difference for the lotto commission but never know, Mite help the first few weeks of the season but it is a pain in the ass to park, walk to the casino then walk back to the parlor where you place the bets then walk back? they want you to walk past a slot and shovel money in to them.
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I live right at the W.V. border so I can easily go to the Wheeling Downs and place bets on Sports. But if you don't live close by you can still place bets on line so I am not sure if this would even make a difference for the lotto commission but never know, Mite help the first few weeks of the season but it is a pain in the ass to park, walk to the casino then walk back to the parlor where you place the bets then walk back? they want you to walk past a slot and shovel money in to them.
I live right at the W.V. border so I can easily go to the Wheeling Downs and place bets on Sports. But if you don't live close by you can still place bets on line so I am not sure if this would even make a difference for the lotto commission but never know, Mite help the first few weeks of the season but it is a pain in the ass to park, walk to the casino then walk back to the parlor where you place the bets then walk back? they want you to walk past a slot and shovel money in to them.
The Rivers casino and Mountaineer have hanging if you're close enough and want the hassle of getting there.
Ohio, traditionally a day late and a dollar short on things.
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I live right at the W.V. border so I can easily go to the Wheeling Downs and place bets on Sports. But if you don't live close by you can still place bets on line so I am not sure if this would even make a difference for the lotto commission but never know, Mite help the first few weeks of the season but it is a pain in the ass to park, walk to the casino then walk back to the parlor where you place the bets then walk back? they want you to walk past a slot and shovel money in to them.
The Rivers casino and Mountaineer have hanging if you're close enough and want the hassle of getting there.
Ohio, traditionally a day late and a dollar short on things.
The Rivers casino and Mountaineer have hanging if you're close enough and want the hassle of getting there.
Ohio, traditionally a day late and a dollar short on things.
An American Indian casino on the Texas/Mexico border had to sue the state of Texas to get their casino reopened on their reservation land. Meanwhile the largest casino in the world is located on the Ok. side of the Red River on the Chickasaw res. just about an hour north of Dallas/Ft. Worth. Now that's what they call behind the times.
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The Rivers casino and Mountaineer have hanging if you're close enough and want the hassle of getting there.
Ohio, traditionally a day late and a dollar short on things.
An American Indian casino on the Texas/Mexico border had to sue the state of Texas to get their casino reopened on their reservation land. Meanwhile the largest casino in the world is located on the Ok. side of the Red River on the Chickasaw res. just about an hour north of Dallas/Ft. Worth. Now that's what they call behind the times.
An American Indian casino on the Texas/Mexico border had to sue the state of Texas to get their casino reopened on their reservation land. Meanwhile the largest casino in the world is located on the Ok. side of the Red River on the Chickasaw res. just about an hour north of Dallas/Ft. Worth. Now that's what they call behind the times.
Lost Wages Nevada has to be taking a big hit on all of this action across the nation. NJ was the first State up and running on this sports betting potential Bonanza with all of the smart states in full gear to join them.
Bad news too for problem gamblers a lot of paychecks will be lost -but- it is the law of the land now.
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An American Indian casino on the Texas/Mexico border had to sue the state of Texas to get their casino reopened on their reservation land. Meanwhile the largest casino in the world is located on the Ok. side of the Red River on the Chickasaw res. just about an hour north of Dallas/Ft. Worth. Now that's what they call behind the times.
Lost Wages Nevada has to be taking a big hit on all of this action across the nation. NJ was the first State up and running on this sports betting potential Bonanza with all of the smart states in full gear to join them.
Bad news too for problem gamblers a lot of paychecks will be lost -but- it is the law of the land now.
Lost Wages Nevada has to be taking a big hit on all of this action across the nation. NJ was the first State up and running on this sports betting potential Bonanza with all of the smart states in full gear to join them.
Bad news too for problem gamblers a lot of paychecks will be lost -but- it is the law of the land now.
I learned my lesson on sports betting the hard way. I was in Vegas and made a two game baseball parlay bet and had won the 1st already and had a 9 run lead early in the second game. So I went out and had an excellent dinner with what would be about half of what I was going to collect when the second game finished. I came back 3 hours later to collect my winnings and those bastards had f'n lost the damn game and all my money. So instead of being up half of it, I was down the original bet and half my theoretical "winnings". Just give me an idiot hat to wear. I earned it.?
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the chinook casino on the oregon coast opened it;s sports book and the oregon lottery will have betting soon that we can do over the phone WOO HOO wonder how much the suicide rate will go up this year
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