Tag: revenue

01

Feb2017

Gambling by the Numbers

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The Columbus Dispatch analyzed gambling in Ohio for the period 2012-15. $62.9 billion was bet at Ohio’s legal gambling establishments with winning payouts totaling $53.3 billion, leaving $9.7 billion that people lost gambling. The casinos to date have generated over $1 billion in tax revenue. Ohio cities and counties have received over $660,000 ... Read More

30

Jan2017
Overall, casino revenues in 2016 dropped nearly 2% from the previous year. Only Hollywood Columbus showed an increase ($213.5 million, up 1.5%). This was the first time that Hollywood Columbus has topped the annual casino revenue charts. JACK Cleveland, formerly Horseshoe Cleveland, experienced the largest decrease ($203.6 million, down 4.3%), but had been ... Read More

22

Jun2016
Ohio’s four casinos all experienced revenue declines from a year ago while the seven racinos all had revenue increases. JACK Cleveland, which recently closed for 40 hours for their makeover, experienced the largest decline. Revenues of $16 million were down 15% from a year ago. Hollywood Columbus ($17.8 million) and Horseshoe Cincinnati ($16.2 ... Read More

26

May2016
All eleven of Ohio’s gambling establishments experienced revenue gains over a year ago. Horseshoe Cincinnati experienced the greatest increase among the casinos. Revenues of $17.5 million were a 10.1% increase over last year. Hollywood Toledo was up 8.9%, with revenues of $18.2 million. Horseshoe Cleveland generated the highest revenue with $19.1 million, a 4.6% ... Read More

18

Apr2016

Revenues Up in March

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Two of the four casinos and six of the seven racinos saw revenue increases over a year ago. Horseshoe Cleveland had the highest revenues among the casinos with $19.6 million. However, this was a 1% decline from a year ago. Hollywood Columbus, with revenues of $19 million, was up 4% from a ... Read More

29

Feb2016
January saw Ohio’s four casinos experience a 1.1% increase in revenues over a year ago. Racino revenues were up 9.4%. Hollywood Toledo, which has been the most consistent performer among the casinos over the past several months, experienced the greatest increase. Its revenues of $15.3 million were a 6.8% increase over last year. The ... Read More

18

Jan2016
The Ohio Legislature’s Joint Committee on Gaming and Wagering, which was created to study the gaming environment in Ohio, released a report addressing several issues. The issue drawing the most attention was Ohio’s practice of not taxing promotional spending at the casinos and racinos, which has amounted to $650 million since ... Read More

14

Jan2016
An unusually mild December helped increase revenues at 9 of Ohio’s 11 gaming facilities. Hollywood Toledo led the charge among the casinos - its December revenues of $16.8 million represented an 11.3% increase over last year. Hollywood Columbus revenues of $18.2 million were up 5.2%. Horseshoe Cincinnati saw its revenues ($17.7 million) increase 4%. Horseshoe ... Read More

28

Dec2015

November Revenues Up

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Ten of Ohio’s eleven gambling venues saw revenue increases in November over a year ago. All four casinos were up. Horseshoe Cincinnati had the biggest increase, up 4.5% to $16.5 million. Hollywood Columbus had the highest revenues of the month with $17.3 million, a 3% increase over last year. Hollywood Toledo was up ... Read More

30

Nov2015
All four casinos had increased revenues from a year ago. Horseshoe Cincinnati led the way.  Revenues of $16 million represented a 15% increase over last year. Hollywood Toledo ($15.6 million) was up 2% and Horseshoe Cleveland ($17.9 million) was up 4%. Hollywood Columbus at $17.2 million was about the same ... Read More