Gambling Revenues Rise in May

Gambling Revenues Rise in May

Three of the state’s four casinos showed increased revenues from a year ago. All four declined in revenue from April.

Hollywood Columbus ($18.6 million), Hollywood Toledo ($17.5 million) and Jack Cincinnati ($17.04 million) were all right around a 1% increase from a year ago. But Jack Cleveland’s 10.5% decrease nullified the modest gains by the other casinos, leaving the state as a whole down 2.1% from May 2017. The $15.6 million in revenue for Jack Cleveland represented the worst May in the history of the casino. That follows what was the worst April ever for the casino. According to Jack Entertainment’s senior vice president for northeast Ohio, the decline can be attributed solely to casino patrons winning more at the table games. Numbers bear out his comments. The casino only held 19.2% of the total drop at table games, which reduced the revenue by over $1 million. There have also been some major renovations going on that have closed large sections of the casino. Those renovations are expected to be completed by the end of June.

On the racino front, six of the seven saw revenue increases from a year ago. Hard Rock Rocksino generated the most revenue with $20 million, but that was actually a decline from last May’s $21.1 million. Scioto Downs experienced the greatest percentage increase at 9.6% ($14.9 million). Jack Thistledown ($10.8 million) was up 4.9%, Miami Valley Gaming ($13.6 million) up 4.6%, Hollywood Gaming Dayton Raceway ($8.8 million) up 3.5%, Belterra Park ($7.2 million) up 2.4% and Mahoning Valley ($9.6 million) up 1.1%.

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