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The debate continues on in Ohio as the Ohio Learn and
Earn group contest allegations that their revenue predictions for the
proposed slot machines are overblown. Basically the Learn and Earn campaign
proposes allowing nine locations around Ohio to operate slot machines. These
slot machines will then funnel money into the economy and more importantly,
into a state-wide college scholarship program. The main point of the
campaign is that allowing slot machines will enable millions of dollars in
scholarships, thus offsetting the rising cost of higher education.
Currently the Learn and Earn campaign has stated that once approved, the
slot machines would create $2.8 billion in annual revenue, and a large
percentage of that revenue then goes directly into the scholarship fund. But
the anticipated revenue has many people questioning where the campaign is
getting their numbers? Previously the anticipated revenue was $2.3 billion
and many considered that to be a high estimate.
So how does learn and earn determine the anticipate revenue? The compared
the potential locations for the nine slot machine casinos, and looked at how
much money nearby states like Indiana make off of their slot machines each
day. The campaign proposes that Ohio would contain more slot machines per
location, but make slightly less per slot machine. The end result? A
confusing mess for the legislature to consider as the debate wears on.
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