Ohio’s four casinos all show revenue increases

Ohio’s four casinos all show revenue increases

September 11, 2018 9:51 AM
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Ohio’s four casinos all showed revenue increases in an August 2017 to August 2018 comparison, according to newly released data from Ohio Casino Control Commission.

At Hollywood Casino Toledo, revenue increased 3 percent to $16.7 million last month, according to figures released Friday. A year ago the August total was $16.2 million. At Hollywood Casino Columbus, revenue totaled $18.4 million, up 1 percent from $18.2 million a year ago. Both casinos are Penn National Gaming operations.

The largest monthly gain in revenue was a nearly 15 percent boost at the JACK Cincinnati Casino. The casino’s August revenue was $17.7 million, compared to $15.4 million in August 2017.

JACK Cleveland Casino showed revenue to be up about 4 percent to $17.5 million. A year ago the casino’s revenue totaled $16.8 million.

Statewide, August revenue totaled $70.3 million, up 5.4 percent from last year’s monthly total of $66.7 million.

At the state’s seven racinos, featuring horseracing, slots and video gaming that are overseen by the Ohio Lottery Commission rather than the Ohio Casino Control Commission, fiscal August revenue totaled $79 million. That was up 6 percent from fiscal August 2017, when revenues totaled $74.5 million.

Recent media reports indicate JACK Entertainment majority owner Dan Gilbert may be seeking to divest himself of his gambling interests. JACK Entertainment has yet to comment on these reports. Gilbert, with gambling holding in Detroit and Northern Kentucky at Turfway Park, is also the owner of the NBA’s Cleveland Cavaliers.