Racino posted best October for wagering
AUSTINTOWN — Hollywood Gaming at Mahoning Valley Race Course marked its highest October for wagering on its video lottery terminals since the local facility opened in 2014.
Last month, the Austintown facility saw $93.56 million in credits played, up about $5.5 million over the same month last year when there were $88.08 million credits played, according to the Ohio Lottery Commission, which oversees video lottery terminals, or VLTs, in the state.
For the same month, there were $78.47 million credits played in 2015 and $79.8 million in 2014.
There were $92.83 million credits played in September. The facility’s best month so far is March when $99.95 credits were played.
At the racino in October, $82.96 million credits were won, up from $78.17 million credits the same month last year and from $82.44 million credits in September.
Net winnings, or the net revenues remaining after payout of prizes to players, were at $9.4 million in October, up from $8.58 million the same month last year and $9.31 million in September.
The percent payout was 89.95 in October, down from 90.26 the same month last year and 89.97 in September.
In October, the win per VLT per day was $293, up from $282 the same month in 2016, but down from $300 in September.
Of the net winnings in October, $6.22 million went to Penn National Gaming Inc., the Wyomissing, Pa., company that operates the Austintown racino; $3.15 million went to the state lottery commission; and $31,271 went to problem-gambling services.
Last month at Hollywood Gaming at Dayton Raceway, also owned by Penn National, compared to October 2016, there were $83.25 million in credits played, up from $78.78 million; $73.99 million credits won by gamers, up from $69.71 million; net winnings were at $8.13 million, up from $7.75 million; the percent payout was 90.24, up from 90.16; and the win per VLT per day was $259, up from $255. Of the net winnings in October, $5.38 million went to Penn National Gaming Inc.; $2.72 million went to the state lottery commission; and $27,025 went to problem-gambling services.
Statewide, in the same year-over-year comparison for October, VLT wagering at Ohio’s seven racinos totaled $862 million, up from $818 million; credits won were at $770 million, up from $730 million; net winnings were $78.2 million, up from $74.64 million; the percentage payout was 90.93, up from 90.87; and the win per VLT per day was $226, up from $220.