Most financial numbers for Austintown racino show an increase

AUSTINTOWN

An uptick in numbers at Hollywood Gaming at Mahoning Valley Race Course continued for a third straight month in June.

While the net win, or revenues remaining after payout of prizes to winners, fell from $7,791,342 in May to $7,640,090 in June, most financial numbers released Tuesday showed an increase. That includes an increase of nearly $1 million credits played, and accordingly a boost of nearly $1 million credits won, along with an increase of about $15,000 in promotional play credits, from $473,444 in May to $487,227 in June.

The percent payout increased to 90.02 percent, the first time the payout rate went above 90 percent, and the win per machine per day increased to $294 from $290 a month ago.

The net win of $7,640,090 in June was distributed with $5,055,257 staying with Hollywood Gaming and $2,559,430 to the Ohio Lottery Commission and $25,403 to problem gambling services.

June’s financials finish off the state fiscal year, July 1, 2014, to June 30, 2015. Since the Austintown racino did not open until Sept. 2014 it is not a full 12-month picture, however, the net win for the fiscal year was a total of $73,593,722 with $48,695,126 staying at Hollywood Gaming. October, the first full month of operations, remains the highest month in may financial categories such as credits played, $79,796,985, and a net win of $8,621,783.

“You hate to talk about trends, but clearly we’ve had a series of real solid months and we’re very pleased, and continued to be very pleased with the response and support we continue to get from the folks” in the community, said Bob Tenenbaum, spokesperson for parent company Penn National Gaming Inc.