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Issue 3 Numbers Not Adding Up

Those that would have you vote for or against the new slot machine proposal for Ohio want you to vote because of all of the numbers they have been throwing at you. A billion here, a couple million there, it just gets confusing. Then you have each side saying that the numbers for their slot machine revenue don’t add up, and you are stuck in the middle trying to figure out not only who is telling the truth, but what the heck they are talking about. Here is what we do know:

According to Learn and Earn, the people who want Issue 3 passed so that they can have slot machines in Ohio – they are going to be bringing in 31,500 slot machines, which are going to generate $853 million a year for scholarships for students. This differs from their latest ads which say they will be bringing in a billion each year – but if you talk to their chairman, he says they will be bringing in somewhere over $700 million a year, and he is pulling the ads that say otherwise. Learn and Earn says their numbers are based on the fact that gross proceeds from the slot machines should bring in $2.8 billion a year.

According to those opposed to Issue 3, who don’t want slot machines brought into the state – they say that the Ohio’s own Office of Budget and Management disagrees with those numbers. The department says that the state can only support 10,035 slot machines, and that only brings in $324 million annually. They say that unless the state’s population and income grow considerably, the numbers that the other camp says the slot machines are going to bring in just aren’t feasible.

Who to believe? I don’t know, but if you want slot machines in the state, then it doesn’t matter who is telling the truth. Vote yes on Issue 3 and know that some amount of money will end up in a scholarship fund no matter what.

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