Three of Ohio’s four casinos saw decrease in revenues in 2016
January 11, 2017 10:12 AM
by Robert Mann
Three of the Ohio’s four casinos saw a decrease in revenues in 2016, the Ohio Casino Control Commission (OCCC) reports. Statewide the OCCC says gambling revenues were down 2 percent in total last year.
Casinos in Cleveland and Cincinnati saw a 4 percent drop while the Toledo casino was down 2 percent. Columbus saw the only gain, a 2 percent increase.
The newer “racinos”, featuring horse racing and casino gambling, around are the state are doing better. All seven Ohio “racinos” combined to bring in nearly $74 million in revenues in December. That’s up by more than $1 million over the same month last year.
Gaming industry analyst Alan Silver told the Associated Press that because those facilities are closer to Ohio’s suburban areas and offer free parking they are pulling customers away from the more urban downtown casinos.