Ohio gambling revenue falls statewide

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Ohio casinos and racinos are still fully functioning because they’re owned by large companies.

The American state released its November results.

US.- The Ohio Casino Control Commission announced that the casinos in the state reported a slight fallen their revenue. The four casinos saw gambling revenues fall by US$3.5 million, whilst Hollywood Casino Toledo experienced a small growth.

The Jack Cleveland Casino reported incomes of US$15.31 million, a 4 percent decrease. The Hollywood Casino Columbus experienced similar numbers, with a 4 percent decline in November earnings, US$16.67 million brought in 2016. Jack Cincinnati Casino reported the biggest decline with US$15.31 million, a 7 percent fall in gaming revenues earnings. On the other hand, the Hollywood Casino Toledo experienced a 1 percent increase, with US$14.47 million reported in November.

Earlier this month, the Ohio Casino Control Commission released figures summarising tax revenue paid by casinos in Columbus, Cincinnati, Cleveland and Toledo. Since 2012, Ohio’s casinos have generated US$1 billion in tax revenue and more than half of this amount is going to cities and counties within the state. The latest quarterly distribution figures showed that the total of tax money collected amounted US$1,054,983,129 since the first casino opened in 2012. The casinos pay 33 percent of their gross revenue in taxes to the state, which distributes the money to several entities.