Ohio Casino Revenue Rises To $53.2m In February

Ohio Casino Revenue Rises To $53.2m In FebruaryThe Ohio Casino Control Commission has released its casino figures for February revealing a 4.3% in revenue to $55.5 million compared to January’s figure of $55.5 million.
The state has four casinos spread out across Cleveland, Columbus, Toledo and Cincinnati. Topping the list of risers during the month was The Horseshoe Casino Cleveland up 7% to $22 million. The casino’s figures were helped along by daily promotional offers to win either cash or prizes, and as Horseshoe General Manager Marcus Glover said:
“For a 28-day month, February was pretty good..[the promotion] drove a lot of people to our doors.”
The Hollywood Casino in Columbus saw its gross revenue figures rise by less than half a percent to $18.5 million in February, while the Holllywood in Toledo, too, grew by the same amount to $14.8 million. In total, Ohio’s three established casinos generated $18.5 million in tax money during the month.
Average daily revenue per slot machine is seen as a key indicator in determining a casino’s performance with $200 minimum per machine deemed an acceptable amount. Leading the state’s casinos in this measure was The Cleveland Horseshoe at $270 per slot and video machine. It was followed by The Hollywood Toledo at $203 and the Hollywood Columbus at $158.
February 27th also saw the opening night of the $400 million Cincinnati Horseshoe, which will now compete against several casinos located nearby in Indiana. On its invite-only launch, the casino raked in $227,752 in earnings.
In addition to casinos, Ohio has just one “racino” the Scioto Downs, which opened on June 1st. During last month, the Scioto Downs generated $11 million in revenue, up 8.1% over January’s figures. Ohio also boasts six other tracks which are scheduled to become racinos over the next two years.

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