Ohio governor fast-tracks slots plan
Ohio Gov. Ted Strickland issued an executive order this week allowing video slot machines at racetracks in the state.
The directive calls for placement of up to 2,500 video slot machines per racetrack. Half the proceeds will go to state coffers for operational costs, anti-gambling programs and money for schools. Vendors also will have to pay a $65 million, 10-year licensing fee.
Lawmakers, however, still must vote on a two-year, $52 billion budget for the state that accounts for $933 million in proceeds from the slots.
Ohio horsemen have been concerned about how or even if they will receive a revenue share; it now appears that they will have to negotiate terms with the individual tracks.