Category archive for ‘Lottery and Gaming’ rss

  • Lottery revenue for fiscal 2011 better than expected

    A rare bright spot in the budget picture: Ohioans are playing the Lottery more than ever, delivering nearly $28 million more to education in the year that ended June 30 than was assumed in the original Strickland Fiscal Year 2011 budget.

    8/14/11 • (0)

  • Why Lottery privatization is coming out of the budget

    The Senate inserted a provision requiring the privatization of the Ohio Lottery. Too bad it violates state and federal law.

    6/27/11 • (2)

  • Slots at racetracks: not a budget fix

    Despite the potential to raise hundreds of millions of dollars for education, slots at the racetracks will not be a source of revenue for the budget conference committee, and are unlikely to get up and running anytime soon, if a group of conservatives have their way.

    6/20/11 • (0)

  • Kasich tells legislature not to spend his new racetrack slots revenue

    Yesterday, Governor Kasich announced racetrack slots are back on track. But his budget director tells legislators not to spend the money as the budget deliberations start to wrap up. What gives?

    6/16/11 • (1)

  • Kasich Casino Deal A Huge Loss to State and Education

    Kasich just negotiated away about $595 million per year in revenue from video lottery terminals at racetracks all to get $10 million a year from casinos. Yes, you read that right. This is clearly direct from the Lehman Brothers School of Deal Negotiations.

    6/15/11 • (8)

  • What to look for in a casino deal

    We preview the Governor’s big casino announcement and what (little) leverage he had going into the negotiations. As they say in gambling, the house always wins. But we do expect the deal will help education funding in this budget.

    6/15/11 • (1)

  • Selling off the state: an update

    Going into conference committee negotiations (more on that later), I thought it might be handy to provide a little scorecard of various state assets and programs that will be, or were proposed to be, privatized in the state budget process.

    6/09/11 • (5)

  • How does Kasich win this casino gambit?

    We apologize for talking about politics, but I just have to ask: What’s Kasich hoping to gain from going into negotiations with the casinos?

    5/26/11 • (0)

  • Kasich’s Casino Strategy – Worst Extortion Ever?

    The Governor’s gambling advisors are using video lottery terminals as leverage to get more money from casinos. About one-tenth as much as he would get if he would simply move forward with video lottery terminals. Yeah, we can’t figure it out, either. Read on…

    5/25/11 • (2)

  • Kasich’s Casino consultants to get $15 million from public education

    The Governor is paying up to $15 milllion to consultants to “advise” him about casinos in Ohio. Casinos the voters already approved. And he’s paying it out of Lottery proceeds that are Constitutionally required to be spent on public education. How is that legal? Yeah, we’re not sure either.

    5/15/11 • (0)