05/13/2012 10:15 am ET

Ohio's New Casinos Could Cost Cash-strapped Detroit $30 Million A Year, Analysis Predicts

By John Gallagher and Matt Helms

When casinos open starting this month in four cities in Ohio, Detroit may come up a big loser.

The already cash-strapped city could see a decline of up to $30 million a year in its casino tax revenues by 2015 as Ohio's casinos cannibalize the regional gaming market, a new analysis predicts.

Read more on Free Press