Hollywood Gaming marks second-best wager month

Tribune Chronicle

AUSTINTOWN — Hollywood Gaming at Mahoning Valley Race Course last month marked its second highest for wagering on its video lottery terminals since the local facility opened in September 2014.

In May, the Austintown facility saw $98.60 million in credits played, up about $11.59 million over the same month last year when there were $87.01 million credits played, according to the Ohio Lottery Commission, which oversees video lottery terminals, or VLTs, in the state.

There were $96.60 million credits played in April. In March, the facility’s record-breaking month, $99.95 credits were played.

At the racino in May, $87.89 million credits were won, up from $77.61 million credits the same month last year and from $85.73 million credits in April. There were $88.68 million credits won in March.

Net winnings, or the net revenues remaining after payout of prizes to players, were at $9.48 million in May, up from $8.44 million the same month last year, but down from $9.68 million in April. March’s net winnings were at $10.1 million.

The percent payout was 90.38 in May, up slightly from 90.30 the same month last year, and up from the 89.98 and 89.89 it was in April and March, respectively.

In May, the win per VLT per day was $305, up from $291 the same month in 2016, but down from $328 in April and $330 in March.

Of the net winnings in May, $6.28 million went to Penn National Gaming Inc., the Wyomissing, Pa., company that operates the Austintown racino; $3.18 million went to the state lottery commission; and $31,537 went to problem-gambling services.

Last month at Hollywood Gaming at Dayton Raceway, also owned by Penn National, compared to May 2016, there were $89.72 million in credits played, up from $81.97 million; $79.64 million credits won by gamers, up from $72.86 million; net winnings were at $8.52 million, up from $7.65 million; the percent payout was 90.50, down from 90.67; and the win per VLT per day was $272, up from $248. Of the net winnings in May, $5.64 million went to Penn National Gaming Inc.; $2.86 million went to the state lottery commission; and $28,345 went to problem-gambling services.

Statewide, in the same year-over-year comparison for April, VLT wagering at Ohio’s seven racinos totaled $922.28 million, up from $858 million; credits won were at $823.50 million, up from $765.49 million; net winnings were $82.95 million, up from $78.24 million; the percentage payout was 91.01, down from 90.81; and the win per VLT per day was $243, up from $235.

business@tribtoday.com

COMMENTS