Industry Report

Racino Posts Second-Best Month for VLT Play

AUSTINTOWN, Ohio – Video lottery terminal wagers at Hollywood Gaming at Mahoning Valley Race Course last month were down more than $8 million from March’s record month, but still posted the second-highest performance since the racino’s opening. 

In April, VLT wagers in Austintown totaled $110.55 million, down from $118.99 million in March, the best month in the racino’s history. Except for 2016, April VLT play has declined from March to April at the racino. Last year, VLT wagers totaled $103.33 million in April, down from $109.74 million the month before, the best month until this March. 

Penn National Gaming Inc. of Wyomissing, Pa., opened the racino in September 2014

According to the Ohio Lottery Commission, which oversees VLT play in Ohio, wagers statewide declined from $1.12 billion in March to $982.64 million last month. The commission released its monthly report yesterday.  

Credits won by Hollywood Gaming patrons last month totaled $98.23 million, down from the $105.59 million in March. VLT winnings in April 2018 totaled $91.38 million. 

Net win – wagers minus credits won and promotional play credits – totaled $10.83 million in April, compared with $11.87 million the month before and $10.51 million in April 2018. 

Penn National Gaming’s share of the monthly take from net win was $7.16 million, down from $7.85 million in March and up from $6.96 million in April 2018.  

Published by The Business Journal, Youngstown, Ohio.