Yes, it's photoshopped. The top of the S was stolen from the top of the O, see how it matches? The spacing betwen the people is identical. The bottom curve on the S also came from the bottom right of the O. Notice how the field lines don't match up just above the top of the O, that section has clearly been moved a bit. Also, the little t used to be an o (presumably from "Ohio")--you can see how the green field to the right of it looks kind of smudgy in a shape that would make it fill out into an o.
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