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Home World Business

Ohio casino revenue surges 2.9% to $64m in Nov

byCT Report
08/12/2015
in World Business
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OHIO: Gaming revenue increased in November at all four of Ohio’s state-controlled casinos with statewide revenue totaling $64.6 million, an increase of 2.9 percent over the same month in 2014.

Locally, revenue at Hollywood Casino Toledo was up 2.5 percent to $14.4 million. Revenue at Hollywood Casino Columbus, the state’s other casino run by Penn National Gaming Inc., rose 3 percent from last year to $17.3 million last month.

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At Ohio’s two casinos owned by Caesars Entertainment Group revenues rose by 1.5 percent at Horseshoe Casino Cleveland to $16.4 million and up 4.5 percent at Horseshoe Casino Cincinnati to $16.5 million.

The November figures were up from October in Cincinnati and Columbus but down in Toledo and Cleveland.

All figures were released Monday by the Ohio Casino Control Commission, which issues monthly updates to track its casino gambling industry. Revenue figures contain just money wagered on bets. Revenue from food and beverages, entertainment, special events, and merchandise sales are not included.

Hollywood Toledo and Hollywood Columbus are the only two whose year-to-date revenue is ahead of last year’s pace. In Toledo, revenue for 2015 was up 4.6 percent to $175.9 million. Columbus’ revenues were up about 1 percent to $192.1 million.

Through 11 months revenue in Cincinnati was down 1 percent to $178.8 million, and Cleveland was off 2.6 percent to $193.8 million. Statewide, year-to-date revenue was up barely a half percent through November this year at $740.7 million. Ohio law levies a 33 percent tax on gaming revenue, divided among school districts, county governments, and some larger cities.

Gaming revenue at Ohio’s seven horse tracks with video slots was $65.6 million in November, up from $60.3 million in November, 2014. Year to date, racinos have $758.6 million in gaming revenue.

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