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Payout more than $140,000
The most recent local government payout from Ohio casinos totaled more than $140,000, according to information from the Ohio Department of Taxation.
The first quarterly payout to the Logan County Commission of 2018 totaled $141,113.48 from casinos in Columbus, Toledo, Cleveland and Cincinnati for the period between Jan. 1 and March 31.
Logan County receives an average of about $500,000 per year from casino tax allocations since distributions began in 2012, and has been allocated approximately $2.5 million total in casino tax payments since 2012.
Combined, more than $27.7 million was distributed to all 88 Ohio counties for the first quarter of 2018. The average county distribution is $315,881.
Payouts are based on population. Four counties received over $1 million in payouts, including Butler, Cuyahoga, Hamilton and Franklin counties. Franklin County received the largest payout, in excess of $2 million.
Statewide, Ohio casinos together generated over $212 million in adjusted gross revenue through the first quarter of this year.
Each of the four casinos generated at least $50 million in adjusted gross revenue through March 31. Hollywood Casino in Columbus led the four, topping $58 million.
Ohio casinos pay a 33 percent tax on gross casino revenue. Of that 33 percent tax on gross revenue, 51 percent is distributed to individual counties, based on population, and 34 percent is paid out to schools statewide.
Read complete story in Monday’s Examiner.
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