Record Year for Racinos

Record Year for Racinos

For the fiscal year that just ended in June, Ohio’s seven racinos generated $987 million in revenue, a 6.1% increase over last year. Since 2015, racino revenue has grown each year, from $733 million in 2015 to $869 million in 2016 to last year’s $923 million.

Hard Rock Rocksino has been the leader each year. This fiscal year’s revenue was $246.5 million. The next closest racino was Scioto Downs with $168.3 million in revenue.

For the month of June, ten of the state’s eleven gambling establishments saw an increase in revenue from a year ago. Only Jack Cincinnati experienced a decline ($15 million, down 2.2%).

Among the casinos, Hollywood Columbus generated the most revenue in the month of June. The $19 million was a 7.5% increase from a year ago. After two of the worst months in its history, Jack Cleveland rebounded with the highest percentage increase from a year ago. The $16.3 million reflected a 9.4% increase. Hollywood Toledo had revenue of $16.6 million, a 3.7% increase.

Nearly all of the racinos experienced healthy gains from a year ago. Hard Rock Rocksino led the way with $22.1 million, a 13.2% increase from a year ago. The greatest percentage increase went to Jack Thistledown, with revenue of $11.1 million, a 17.8% increase. The others: Scioto Downs $14.9 million, a 15.2% increase; Miami Valley Gaming $13.1 million, a 9.5% increase; Hollywood Mahoning Valley $10.1 million, a 6.7% increase; Hollywood Dayton $8.6 million, a 12.5% increase and Belterra Park $7.1 million, a 4% increase.