According to the latest revenue report for racinos and casinos in Ohio, the state noted a jump in racino and drop in casino performance in May. Ohio’s seven racinos generated $78.24 million, whereas the four casinos on its territory recorded revenue of $66.5 million. During the same period last year the first segment noted revenue of $73.6 million and the casinos generated higher $71 million.
The monthly reports provided by the Ohio Casino Control Commission and the Ohio Lottery Commission define the term revenue as the funds left after the gaming properties pay winnings to players and deduct for promotions. Additionally, officials have pointed out that comparing numbers y-o-y gives a better image of the performance than the comparison of two consecutive months.
In terms of individual reports, Jack Cleveland Casino noted a drop in revenue of $3 million with its $16 million May earnings. Horseshoe Cincinnati’s revenue also dropped, but less drastically than the first operator; namely, in May 2015 the property generated $16.7 million, a bit higher than May 2016’s $16.2 million. Hollywood Toledo and Hollywood Columbus reported revenues of $16.5 million and $17.8 million respectively; both performances are worse than the ones seen in May, 2015 of respective $16.9 million and $18.4 million.
Hard Rock Rocksino is the best performing property among the racinos with its revenue of $19.4 million. This number is better than last year’s $18.7 million. Other positive numbers were reported by the Miami Valley Gaming ($12.3 million), Scioto Downs ($13.4 million) and Jack ThistleDown Racino ($10 million). It’s interesting to note that every single racino in the state has generated higher revenue than the one earned the same period last year.