Annual gambling revenue from slot machines in racinos has topped US$1 billion for the first time in Ohio.
US.- The Ohio Lottery Commission has reported that revenue from slot machines at the state’s seven racinos has topped US$1 billion for the first time. The results are from fiscal year 2019, which ended in June.
The commission reported that revenue from video lottery terminals at racinos for fiscal year 2019 reached US$1.05 billion. The revenue from racinos has reported steady growth every year ever since the first racing launched in Ohio in 2012.
The US$1.05 billion figure tops the previous one when the seven racinos in the state registered US$987 million in revenue from video lottery terminals in fiscal year 2018. The difference between racinos and a traditional casino is that the latter can offer table games and skilled-based slots.
Moreover, the Ohio Casino Control Commission reported that casino revenue from January through June totalled more than US$427 million statewide.
Previous financial results
Casinos and racinos in the state increased their revenues by 10.4% in May when compared to 2018. MGM Northfield Park reported a 9.3% increase in revenue, while JACK Cleveland Casino registered a 15% jump. JACK Thistledown Racino was the facility in Ohio that posted the biggest increase in revenues with a 17.3% in May. The 11 casinos and racinos in Ohio totalled US$169.4 million, which is approximately US$15 million higher when compared to the US$153.5 million that the facilities generated statewide the previous year.