News
Gambling Revenue Tops Nearly $1.9 Billion Statewide
By: Associated Press
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CLEVELAND (AP) – Ohio’s casinos and racinos recorded 1.86 billion in revenue last year, marking a record profit for the industry that launched in the state in 2012.
Gambling revenue – the amount of money kept by the facilities after paying out winnings – rose more than 7 percent at the state’s seven racinos to just over $1 billion last year. Cleveland.com reports revenue increased more than 2 percent to $837 million at the state’s four casinos.
The casinos have both table games and slots under the regulation of the Ohio Casino Control Commission. The racinos, regulated by the Ohio Lottery Commission, are permitted to offer only slot machines. Sports gambling is currently not legal in Ohio.
About one-third of the gambling revenue is turned over to the state in taxes or fees.