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Kasich makes $110 million deal with casino
Gov. John Kasich announced June 17 an agreement had been reached with Penn National, where Penn would pay Ohio $110 million over 10 years.
Additionally, Ohio’s Commercial Activity Tax would be applied to Penn’s wagers minus payouts, instead of on wagers only.
The agreement with Penn National comes in the wake of a similar agreement with Rock Ohio Caesars that Kasich announced earlier this month at events in Cincinnati and Cleveland.
“I’m proud that Ohioans are getting $220 million more from gaming companies—funds that will help improve education and job training, as well as support food banks. I know that many thought it was futile to push the gaming companies for a better deal, but the governor’s job isn’t just to enforce laws, it’s also to make sure they benefit Ohioans in the greatest possible way,” Kasich said.
He added, “This agreement does that, and also provides the casinos a more predictable set of rules so they can be more successful. The casinos can now move forward without delay. This is a win for all involved.”
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