Actually, 33% is about the median tax rate. Most states have a tiered tax system...one rate for Slots and another rate for Table Games. Slot rates are higher (usually around 50%) because there is a smaller labor cost. Table games rates are lower (between 12% and 20%) because the games are more labor intensive. Pennsylvania's tax rate is 55%, but they have no table games. Table games will be coming as soon as the details are worked out, and they are discussing the lower rate for them (probably around 18%).

Keep in mind that these taxes are "off the top." Take slots, for example. For every $1 wagerered, approximately $0.90 is returned to the player. From that remaining $0.10, the taxing jurisdiction receives its cut (in Ohio, that would by 3 1/3 cents). From the remaining 6 2/3 cents, the facility must pay for all of its operating costs, labor, debt payments, etc. PLUS...the facility must also file and pay the normal income and business taxes.

The folks in Columbus are looking at a gift horse in the mouth. They should be grateful the Ohio votes woke up and smelled the coffee!