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I've done some more reading on the issue, and I'm starting to see why so many oppose this.
The details:
- The amendment was more or less written by the two groups who would be opening the casinos
- The licensing fee they would pay to open their casinos would be $50 million. Nearby states charge up to 10x as much.
- The casinos would only pay 33% on gross profits. Nearby states tax over 50%.
- The amendment ties Ohio casino laws in with other states, meaning if Michigan adds new types of table games to their casinos, they automatically get added in Ohio.
- On the flip side, the amendment protects Ohio casinos from other states removing games.
So this doesn't seem to be much different than Exxon/Mobil writing a piece of environmental legislation or Halliburton proposing new military spending
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