OHIO VALLEY — After a year of increasing payments from the Casino Revenue Tax, it appears as though the money received by Ohio’s 88 counties has leveled off.
Meigs and Gallia counties will each receive just slightly less on Oct. 31 than they each did on July 31.
Gallia County’s sixth payment received from the tax money will be $95,294.41, a decrease of $544.56 from July.The current payment is more than 3.5 times the first payment received in July 2012 ($27,033.93).
As for Meigs County, it will receive a payment of $73,214.85, a decrease of $418.38 from July. The initial July 2012 payment to Meigs County was $20,670.44.
Money distributed to the counties is not earmarked by the state for a specific purpose and is placed into the general fund.
Cuyahoga County will receive the largest amount at $1.96 million, and Vinton County will receive the least at $41,083.84. Funding is determined by population.
From July-September of this year — the three month period for which the upcoming payments will reflect — the four casinos combined for a revenue of just under $212 million. In the previous three months, the casinos has a combined revenue of slightly more than $213 million.
Payments are also made to school districts in Ohio on a semi-annual basis. These payments began Jan. 31, 2013. The second payment was made on Aug. 31. Payments were not made to school districts in 2012.
In August, Gallia County Schools received the largest payment at $58,209.34. Gallipolis City Schools received a payment of $54,754.59. Meigs Local School District received $44,241.38. Eastern Local School District received $20,374.86, while Southern Local received a payment of $18,046.30.
Payments to the counties are based on population, and payments to the districts are based on enrollment.
The Casino Tax Revenue is a result of the constitutional amendment passed in 2009 which allowed for the four casinos to be placed in Ohio.
According to the Ohio Department of Taxation website, the Ohio Casino Control Commission is responsible for licensing and regulating casino operators, their employees, and gaming-related vendors. The Ohio Department of Taxation is responsible for administering the gross casino revenue tax and for ensuring compliance with all pertinent state tax laws, as well as administrative rules and policies as they apply to other taxes administered by the Department of Taxation.
The gross casino revenue tax is imposed on licensed casino operators at the rate of 33 percent. “Gross casino revenue” is the total amount of money exchanged for tokens, chips and tickets at a casino facility, less any winnings paid out to wagerers.
The operators of each casino facility are required to file daily returns with the Department and to remit payments for the related tax liabilities every day that banks are open for business. Each return reflects casino gaming activity over a 24-hour period.
The tax revenue collected from the gross casino revenue tax is split among seven funds benefiting the counties and certain large cities, school districts, host cities, the Casino Control Commission, the Ohio State Racing Commission, law enforcement training and problem gambling and addictions. Distributions to localities occur on a quarterly basis, except for school districts, which will receive their distributions semi-annually.