Revenue down at Ohio casinos

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YOUNGSTOWN, Ohio (WKBN) – Revenue for each of Ohio’s voter-approved casinos fell in June as compared to May, according to a report that came out Monday from the Ohio Casino Control Commission.

The four casinos, located in Columbus, Cleveland, Cincinnati and Toledo, each saw their revenue drop by over a million dollars in June, with the exception of the Hollywood Toledo Casino, which saw revenue go down by about $700,000.

The Horseshoe Casino Cincinnati pulled in just over $15 million in June as compared to just over $17 million in May, while Horseshoe Cleveland dropped from about $19.5 million to just over $17 million.

Hollywood Columbus made a little over $18 million in May and just under $16 million in June. Hollywood Toledo moved from just over $16 million to about $15.5 million.

Ohio casinos are taxed at a rate of 33 percent on Gross Casino Revenue, according to the Ohio Casino Control Commission’s website.

The state then gives the tax revenue to funding for the county, students, host city and more, according to the site.

A racino, or casino with horse racing, is set to open in Austintown in the fall. The first thoroughbred race will be held Nov. 24. In 2015, which will be the first full year for the new facility, there will be 100 days of racing.

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