hio’s casino and racino industry saw its third consecutive month of record gambling revenue in September after reopening in June.

Revenue in last month totaled a September record of $164.5 million, up 6.1% from the same month a year ago, following monthly records in August and July, as reported by Cleveland.com

For the year, revenue of just over $1 billion is down 30.8% from nearly $1.5 billion during the first nine months of 2019, a direct result of closings from mid-March through mid-June. Records have been set each month of full operation this year. About a third of this money, or close to $335 million for gambling year-to-date, will be turned over the state in the form of taxes or fees.

Topping all Ohio operations in September was MGM Northfield Park with $19.9 million in revenue, knocking Hollywood Casino Toledo from the top spot. The Toledo casino had performed at all-time highs until after nearby casinos in Detroit reopened in early August.

Gambling revenue in the Cleveland market during September was up 8.1% to $52.3 million. JACK Thistledown Racinos was up 20.8% to $14.2 million; JACK Cleveland Casino was up 5.3% to $18.1 million; and MGM Northfield Park was up 2.9% to the $19.9 million.

The seven racinos, regulated by the Ohio Lottery Commission, are limited to chance-based slot machines called video lottery terminals. Ohio’s four casinos, regulated by the Ohio Casino Control Commission, are permitted to offer a wider variety of slot machines, plus table games including poker rooms. Cleveland’s casino is the top table game operation in Ohio, with $8.7 million of the $21.1 million statewide last month, accounting for 41% of the total.

Source link