Ohio bingo profits dropping - WFMJ.com News weather sports for Youngstown-Warren Ohio

Ohio bingo profits dropping

Posted: Updated:

DAYTON, Ohio (AP) - Profits generated by Ohio charities on bingo games have dropped steadily in recent years.

State numbers show charities playing bingo generated profits of more than $100 million last year, more than other state. But revenue has dropped annually since peaking in 2005.

The Dayton Daily News reports that the economic downturn, as well as the new casinos and racinos, have bitten into bingo profits.

Around 1,700 nonprofits use bingo to raise money. Most remain profitable, but some operations have closed in recent years or are scrambling to pay bills.

Ohio bingo games took in $855 million in 2012 and turned a profit of $106 million. But those numbers pale in comparison to 2005, when state bingo operations logged revenues of $1.4 billion and took $196 million in profits.

 

Information from: Dayton Daily News, http://www.daytondailynews.com

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • More From wfmj.comHot ClicksMore>>

  • MLB honors school shooting victims with special caps

    MLB honors school shooting victims with special caps

    Saturday, February 24 2018 4:48 AM EST2018-02-24 09:48:48 GMT
    (Karen Warren/Houston Chronicle via AP). Houston Astros manager A.J. Hinch talks with Douglas Stoneman High School's baseball head coach Todd Fitz-Gerald, center, and his son, Hunter Fitz-Gerald, left, during baseball spring training in West Palm Beach...(Karen Warren/Houston Chronicle via AP). Houston Astros manager A.J. Hinch talks with Douglas Stoneman High School's baseball head coach Todd Fitz-Gerald, center, and his son, Hunter Fitz-Gerald, left, during baseball spring training in West Palm Beach...
    MLB honors school shooting victims by wearing their caps, welcoming coach and players to spring training fields.More >>
    MLB honors school shooting victims by wearing their caps, welcoming coach and players to spring training fields.More >>
  • Missouri governor indicted under law targeting peeping toms

    Missouri governor indicted under law targeting peeping toms

    Saturday, February 24 2018 4:40 AM EST2018-02-24 09:40:24 GMT
    (AP Photo/Jeff Roberson, File). FILE- In this May 23, 2017, file photo, Missouri Gov. Eric Greitens speaks outside the state Capitol in Jefferson City, Mo. Greitens is the latest of several U.S. governors who have been indicted on a wide variety of cha...(AP Photo/Jeff Roberson, File). FILE- In this May 23, 2017, file photo, Missouri Gov. Eric Greitens speaks outside the state Capitol in Jefferson City, Mo. Greitens is the latest of several U.S. governors who have been indicted on a wide variety of cha...
    Missouri governor indicted on felony charge under law passed to punish peeping toms who video or photograph victims.More >>
    Missouri governor indicted on felony charge under law passed to punish peeping toms who video or photograph victims.More >>
  • White House locked down after vehicle strikes barrier

    White House locked down after vehicle strikes barrier

    Saturday, February 24 2018 4:28 AM EST2018-02-24 09:28:19 GMT
    (AP Photo/Evan Vucci). A Secret Service officer rushes past reporters after a vehicle rammed into a security barrier near the White House, Friday, Feb. 23, 2018, in Washington.(AP Photo/Evan Vucci). A Secret Service officer rushes past reporters after a vehicle rammed into a security barrier near the White House, Friday, Feb. 23, 2018, in Washington.
    The White House is on lockdown after a passenger vehicle struck a security barrier.More >>
    The White House is on lockdown after a passenger vehicle struck a security barrier.More >>
Powered by Frankly
All content © Copyright 2000 - 2018 WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms