June Revenues Decline

June Revenues Decline

Ohio now has nine gambling establishments open with four casinos and five racinos.  The final two racinos are set to open later this year.

June was one of the leanest months so far.  All nine venues showed a decline from May, resulting in an 11% overall drop.

Six establishments have been open for at least a year.  Only Hollywood Toledo has seen an increase over 2013, albeit a rather meager 1.5%.  Horseshoe Cincinnati had the steepest decline at 13.3%.  Horseshoe Cleveland was down 11.9% and Hollywood Columbus down 3.6%.  Among the racinos, only Scioto Downs and Thistledown were open last June.  Revenues at Scioto Downs were down 3% from a year ago and Thistledown was down 5.5%.  For the fiscal year that ended June 30, the state’s four casinos had $273.4 million in revenues, $36 million less than what the state had projected.

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