Ohio Casino Revenue Up 5.7% to $69.86M in JulyAugust 22, 2017 10:05 am
The Ohio Casino Control Commission has released its latest gambling results for July, revealing a 5.7% jump in revenue to $69.86 million for the state’s four casinos, compared to the same month in 2016. Last month, Ohio’s seven racinos also returned solid growth, with their business higher by 6.3% to $84.52 million.
Leading the casino market in June was the Jack Cleveland Casino, which posted a 9% improvement in revenue to $16.9 million year-on-year, followed by the Jack Casino Cincinnati up by 8% to $16.7 million, and the Hollywood Casino Toledo up 7% for the month at $17.6 million. Hollywood Casino Columbus, on the other hand, reported just a slight rise in its monthly result, with revenue higher by less than 1% at $18.7 million.
Meanwhile, the Buckeye State’s racinos continued their winning way with all but one of the gambling venues enjoying gross revenue gains versus last year. Heading the way in terms of growth was the Hollywood Mahoning Valley Race Course up by 11.3% to $9.78 million year-on-year; followed by the Scioto Downs Racino and Racetrack up 8.9% to $14.25 million. Next, the Hard Rock Rocksino Northfield Park was up by 7.8% to $22.27 million; the Hollywood Gaming Dayton Raceway was higher by 7% to $8.32 million; while the Hollywood Casino Toledo saw its business rise by 6.2% to $17.58 million.
Also posting gains, albeit much smaller, was the Belterra Park Gaming and Entertainment Center up by 1.8% to $7.38 million; the Hollywood Casino Columbus, which saw its takings grow by a mere 0.3% to $18.68 million; and the Miami Valley Gaming, whose gross revenue rose by 1% to $12.41 million. Bucking the trend, however, was the Jack Thistledown Racino down by 1.4% to $10.09 million compared to July of last year.
For the 2017/17 fiscal year, Ohio’s racinos enjoyed their most profitable year to date, with the $926.6 million in revenue that they generated representing a huge 459% increase compared to the $165.5 million collected in 2013, which was the first full fiscal year that racinos were legalized in the state.