STATEHOUSE - 

State Senator Bill Coley (R-Liberty Township) introduced legislation today to limit the amount of non-taxable promotional gaming credit that casino operators may issue when they fail to meet their revenue projections.

"We need to ensure that Ohio schools and local governments receive the revenues promised to them," said Coley, Chairman of the Joint Committee on Gaming and Wagering. 

Senate Bill 140 limits the amount of non-taxable promotional gaming credits to $5 million for qualified establishments. 
There is currently no requirement under Ohio law limiting the amount of non-taxable promotional money that operators may issue to casino patrons.

"This legislation does not prevent establishments from giving away free rewards. We are simply requiring casinos to pay their fair share of taxes in the same manner that other legitimate Ohio businesses must pay," said Coley. 

Since 2012 casino operators have deducted over $500 million in promotional gaming credits from their revenues. These deductions amount to an estimated $165 million shortfall in revenues promised to schools and local governments. 

Senator Coley represents most of Butler County where public school districts would have received more than $825,000 and local governments would have received more than $1.25 million for public safety and other services if casinos were required to pay the taxes on promotional giveaways. 

Seventeen other states have similar laws limiting the amount of free promotional gaming credits that casinos may issue without paying taxes. Ohio is one of only six states with no restrictions on the amount of money casinos may give away and deduct from their total revenue, avoiding revenue commitments to school districts and local governments. 

 
 
 
  
Featured Posts

MEDIA ADVISORY: Coley To Announce Bill Restoring Control To Restaurant Owners, Allowing Dogs On Patios

 

COLUMBUS - State Senator Bill Coley (R-Liberty Township) will join business leaders TOMORROW to announce legislation aimed at restoring the decision-making authority of restaurant owners in determining whether to allow dogs in their outdoor spaces. 



 
 

Coley Announces Passage Of Senate Budget That Closes Fiscal Shortfall And Protects Essential Services

 

"Working together, we have cut almost $1.1 billion from the original version of the budget and have brought the budget in balance without putting Ohio's economy at risk by raising taxes," said Senator Coley, who serves a member of the Senate Finance Committee, which is responsible for balancing Ohio's two-year operating budget. 



 
 

Senate Approves Awareness Legislation Aimed At Curing Pediatric Brain Tumors In Honor Of Kyler Bradley

 

"Today is another milestone in our efforts to honor Kyler and all those who suffer, both directly and indirectly, from the devastation that DIPG causes families," said Coley. 

DIPG is an aggressive, malignant brain tumor found at the base of the brain stem, affecting approximately 200 to 400 children in the U.S each year. It is the second most common malignant brain tumor and is the leading cause of childhood death due to brain tumors. The average prognosis of those diagnosed is 9 months. Symptoms include double vision, inability to close the eyelids completely, drooping of one side of the face as well as difficulty chewing and swallowing.



 
 

Senate Panel Approves Local Mother's Awareness Effort Aimed At Curing Pediatric Brain Tumors

 

"Today is another milestone in our efforts to honor Kyler and all those we've lost too soon to DIPG," said Coley. "This simple measure offers hope for families that one day we can overcome this disease and the heartbreak it causes."