Ohio Casino Revenues Up 2% To $69.5m In JulyAugust 12, 2015 12:38 pm
The Ohio Casino Control Commission has released its latest results for July, and the news was positive with the $69.5 million in revenues generated by the state’s four casinos higher by 7% compared to the previous month, and up 2% from the $68 million collected last July. Overall, table games accounted for $21.1 million of July’s tally, while slot machines provided the remaining $48.36 million.
In July, just the Horseshoe Casino Cincinnati reported a slight 0.5% decrease in revenues, while leading the Ohio casino market in terms of growth was the Hollywood Casino Toledo up 3.7%, followed by Hollywood Casino Columbus up 3.4% to $18.2 million, and the Horseshoe Casino Cleveland flat at $17.7 million, compared to the same month last year. Commenting on the results, Horseshoe Cleveland spokesperson Shannon Mortland said:
“We were basically on par with July 2014, even though our guests had another very lucky month. Once again, Horseshoe Cleveland ended the month with the highest table game payout and the highest slot payout of any casino in Ohio.”
For the first seven months of 2015, Ohio casino have generated $478.7 million in revenues, which is around $1 million more compared to the same period of time in 2014. Bringing in the most money thus far is the Horseshoe Cleveland with $126.6 million in revenues, followed by Hollywood Columbus ($124.4m), Hollywood Toledo ($114m), and finally Horseshoe Cincinnati ($113.6m).
The state subsequently collected one-third of revenues by way of taxes, which was then distributed to counties, educational programs, and other entities, including the Problem Gambling and Addictions funds. Commenting on the issue of addiction, Hollywood Casino Toledo compliance manager Rick Galloway, said that it was important to differentiate between recreational and problem gambling, explaining:
“We want people to come in here and have a good time. It’s entertainment. But to me, it’s not worth it if one individual comes in here and loses his house. There’s a bigger picture out there than a bottom line.”