Ohio racinos have banner year

AUSTINTOWN

In one analyst’s opinion, the state’s seven racinos know what they are doing – and doing it well.

“They have really done a tremendous job,” said industry expert Alan Silver, an assistant professor at Ohio University.

The total video lottery terminal, or VLT, revenue from all seven racinos was $868,914,542 for fiscal year 2016, or July 2015 through June 2016, according to the Ohio Lottery Commission.

June 2016 revenues for all racinos were released today by the OLC.

Penn National Inc.’s Hollywood Gaming at Mahoning Valley Race Course contributed revenue of $97,469,256 for fiscal year 2016. This is the first full fiscal year of data recorded for Hollywood Gaming by the OLC. The racino opened in September 2014 with 850 VLTs and a one-mile thoroughbred racetrack. From September 2014 through June 2015, the local racino’s VLT revenue was $73,593,722.

In fiscal year 2015, from July 2014 through June 2015, combined VLT revenue across the state was $772,956,258. It’s important to note, however, that revenue from Hollywood Gaming at Mahoning Valley Race Course was not added until it opened, and Hollywood Dayton Raceway was not added until it opened in August 2014.

For just June, the state’s racinos posted revenue of $70,660,301 with an average of 10,793 VLTs compared with revenue of $67,423,977 with an average of 10,468 VLTs reported in June 2015.

Read more about their performance in Saturday's Vindicator or on Vindy.com.