Racino action at Ohio Casino partially recovered in February but is still lower than it was a year ago amid the ongoing limits of the coronavirus
CLEVELAND, Ohio – The casino and racino industries in Ohio showed signs of recovery in February. Gambling revenue rose $ 5.3 million in January, but business lagged behind a year ago.
Gambling revenue – the amount of money the house withheld after winnings were paid out – totaled $ 158.7 million at Ohio’s 11 casinos and racinos last month, according to reports by the State Casino Control and Lottery Commission dated Monday showed.
That’s an increase of $ 153.4 million in January, but a decrease of $ 171.4 million in February 2020.
March will provide a better picture of whether the industry can return to the record pace it had until the coronavirus outbreak last year.
The facilities were closed by government orders from mid-March to mid-June and were later affected by overnight curfews, which shut down operations around the clock for several hours a day. The last curfew was lifted on February 11th by Governor Mike DeWine.
A bright spot last month was the store at JACK Thistledown Racino, where sales of $ 13.6 million represented an improvement of 8.7% from $ 12.5 million in February 2020.
Revenue for MGM Northfield Park, the state’s busiest Racino, was $ 19.2 million, but was down 15% from $ 22.5 million in the same month last year.
The downtown JACK Cleveland Casino had sales of $ 18.4 million. That made it the busiest of the four Ohio casinos. However, revenue was 1.9 percent down from $ 18.7 million in February 2020.
The Racinos, regulated by the Ohio Lottery Commission, are only allowed to offer random slot machines designated by the lottery as video lottery terminals.
The casinos in Cleveland, Columbus, Cincinnati and Toledo are allowed to offer a wider selection of slot machines and table games under the regulations of the Ohio Casino Control Commission.
In the 2020 calendar year, business fell by a total of 26%. But monthly records were set every month that there were no government-ordered closures or curfews.
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Racino business in Ohio is down 26% in 2020, a year of coronavirus disruption. Include $ 165 million in taxes and fees