Ohio casinos post $46 million in revenue for June
July 11, 2012
Ohio’s two new casinos in Cleveland and Toledo generated a combined $46 million in gross gaming revenue for June, the first fill month of operation for both facilities.
According to the Ohio Casino Control Commission, Horseshoe Cleveland was the top performer, with revenues of $26.1 million for the month. Horseshoe opened May 14 and generated $16.5 million in its first half-month, which included the Memorial Day holiday weekend. Hollywood Toledo, which opened on Memorial Day, posted $20.4 million in revenue for June.
Table game play was more robust at Horseshoe Cleveland, which grossed $7.6 million at the tables in June and $18.5 million at the slots. Players in Toledo lost $2.7 million at the tables and $17.8 million at the slots.
The casinos pay a tax of 33 percent on gross revenue, with just over half the money (51 percent) going to counties based on population, and most of the rest (34 percent) going to school districts based on enrollment. The remainder of the tax proceeds go to the host cities, gaming oversight bodies, law enforcement and problem gambling and substance abuse treatment providers.
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