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Ohio Casino Profits Trend Below Expectations

Monday, October 7, 2013 at 6:20 PM

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Horseshoe Cleveland raked in over $19 million in September. <i>photo by Brian Bull</i>

The latest numbers from the state's four casinos show mixed news. Ohio Public Radio's Karen Kasler reports.

The Hollywood Toledo casino had a huge drop in revenue, pulling in over $14 million, compared to $15.8 million in August.  And fall brought a big fall for Hollywood Columbus, which brought in $15.7 million in September, almost a million dollars off from the August revenue numbers.

But the Horseshoe Cincinnati casino brought in $19.8 million last month - which was up $400,000 from August. And Horseshoe Cleveland had similar results, raking in $19.3 million.

Statewide, the four casinos totaled $68.9 million, which is a drop of almost $2 million. 

And year to date, the casinos have hauled in almost $618 million. But when casino gambling was approved in 2009, it was estimated that the four casinos would bring in two billion dollars a year in revenue.

Tags

Economy, Regional Economy/Business - News, Government/Politics

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