Ad Makes False Slot Revenue Claims

Slot machine gambling remains at the forefront of the November election in Ohio – especially with the ads from Learn and Earn dominating television stations. The problem isn’t so much in that the ads are airing; it is the content of those ads. That chairman for the ballot issue that would bring slot machine gambling to Ohio says that they exaggerated the amount of money that the program would actually bring in.

The ad claims that the slot machines would bring in “almost a billion dollars a year” for the scholarship fund, and this just isn’t true. Charlie Ruma, the chair for the slot machine campaign says that he thinks that number is greatly exaggerated and is pulling the ads and reissuing new ones that don’t make the same claim. He still thinks that the slot machines will bring in more than enough money to help with the cost of college for Ohio’s high school students; he just doesn’t think it will be as large of a number as the ads claim.

The campaign says that the amount of slot machine revenue coming from 31,000 slot machines would be $853 million a year, but that number is only reached by 2012 if the state’s income and population grows with the number of slot machines being added. The group’s original estimate was $700 million, and Ruma would like to see them stick to their original estimate. Thirty percent of the slot machine revenue would still go to the scholarship fund.

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