Racino Revenues Up, Casino Revenues Down
Scioto Downs saw its revenue increase from $11.1 million to $11.8 million (6.8%) from June to July. In August, revenue again increased to $13.1 million (11%). The spike in August can probably be attributed to the opening of Phase II at Scioto Downs, which saw the addition of 300 VLTs and a new restaurant.
Meanwhile, revenues tumbled for the Toledo and Cleveland casinos. The Hollywood Casino in Toledo reported a 6% drop in adjusted gross income (revenue after payouts) from June to July, going from $20.4 million in June to $19.1 million in July. In August, the drop was steeper, going from $19.1 million to $17.4 million, an 8% decline. The Horseshoe Casino in Cleveland saw its adjusted gross income drop from $26.1 million in June to $23.9 million in July (nearly 9%) to $22.8 million in August (4%).
Combined, the two casinos have seen a 6.4% drop in adjusted gross income from July to August and a 13.5% drop from June to August.