Record slot machine revenue at Ohio’s racinos nears $1 billion for the year

July 10, 2018

Record slot machine revenue at Ohio’s racinos nears $1 billion for the year

CLEVELAND, Ohio - Ohio’s seven racinos collected a record $987 million in slot machine revenue after paying out winnings during the fiscal year that just ended in June, an increase of 6.1 percent over fiscal 2017.

Statewide racino revenue has grown steadily over the years, jumping from $733 million in 2015, to $869 Million in 2016, and to $923 million in 2017.

A third of the revenue from the racino slot machines goes to the Ohio Lottery Commission.

The biggest racino by far remains Northfield’s Hard Rock Rocksino, which is being purchased by MGM.

Revenue for fiscal 2018 at the Rocksino was $246.5 million, up from $232.6 million a year earlier. All seven of the racinos posted revenue gains in the last year.

Second largest was Scioto Downs in Columbus at $168.3 million, followed by Miami Valley in Lebanon ($151.6 million), JACK Thistledown in North Randall ($121.4 million), Hollywood Mahoning Valley in Youngstown ($115.3 million), Hollywood Gaming Dayton ($103.5 million) and Belterra Park in Cincinnati ($80.7 million).

The racinos, regulated by the Ohio Lottery Commission, operate on the state fiscal year ending each June. There are no table games at the racinos.

Ohio’s four casinos, regulated separately by the state Casino Control Commission, are on calendar years. They have both table games and slot machines. Their taxes go mainly to counties, schools and host cities.

For the first six months of 2018, combined gambling revenue after paying out winnings totaled $420.5 million for the four casinos, up 2 percent ($8.2 million) from the first six months of 2017.

Revenue is up in Cleveland, Columbus and Toledo, and essentially flat at the casino in Cincinnati through six months.

JACK Cleveland Casino revenue for the first half of the year totaled $102.1 million, up from $99.5 million during the first six months of 2017.

Elsewhere for the first six months of 2018, revenue was $115 million at Hollywood Casino Columbus, $102.7 million at Hollywood Casino Toledo and $100.7 million at JACK Cincinnati.

Among these, Cleveland was by far first for table games ($50.5 million) and Hollywood Toledo led for slot machines ($85.8 million).

Below are June details for each racino and casino, as reported this week by the separate Ohio lottery and casino control commissions

Rich Exner, data analysis editor for the Northeast Ohio Media Group, examines a variety of issues with Numbers Behind the News. Follow on Twitter @RichExner 

Ohio casinosStatewide June 2016June  2017Revenue$67.1 million$64 millionTable games$19.7 million$20.2 millionSlots$47.4 million$43.8 millionJack Cleveland Casino Revenue$16.4 million$15 millionTable games$7.7 million$6.8 millionSlots$8.7 million$8.2 millionSlots payout91.9% 92.4% Jack Cincinnati CasinoRevenue$15.0 million$15.4 millionTable games$4.1 million$5.6 millionSlots$10.9 million$9.8 millionSlots payout91.8% 91.6% Hollywood ToledoRevenue$16.7 million$16 millionTable games$2.6 million$2.6 millionSlots$14.1 million$13.4 millionSlots payout90.6% 91% Hollywood ColumbusRevenue$19.1 million$17.7 millionTable games$5.3 million$5.3 millionSlots$13.7 million$12.4 millionSlots payout92% 91.9% Source: Ohio Casino Control Commission

Ohio racinos

Statewide June 2018June 2017Slots$87.4 million$78 millionPct. payout90.8% 91.0% Jack ThistleDown RacinoSlots$11.2 million$9.5 millionPct. payout90.5% 90.7% Hard Rock RocksinoSlots$22.2 million$19.6 millionPct. payout90.9% 91.1% Hollywood Mahoning ValleySlots$10.1 million$9.5 millionPct. payout89.8% 89.9%Scioto DownsSlots$15 million$13 millionPct. payout90.7% 91.!% Miami Valley GamingSlots$13.1 million$12 millionPct. payout91.5% 91.3% Belterra ParkSlots$7.1 million$6.8 millionPct. payout91.4% 91.3% Hollywood DaytonSlots$8.6 million$7.7 millionPct. payout90.4% 91.1% Source: Ohio Lottery Commission

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