Racino VLT Play Nears $115M in February

AUSTINTOWN, Ohio — Video lottery terminal wagers at Hollywood Gaming at Mahoning Valley Race Course approached $115 million in February, a gain of more than $5 million from the previous month.

The Ohio Lottery Commission reported VLT wagers last month totaled $114,958,811 last month, up from $109,517,652 in January.

That compares to VLT play totaling $113,709,109 in February 2020, the month before widespread business shutdowns to combat the coronavirus pandemic went into effect.

The improving performance was welcomed by Eric Schippers, senior vice president of public affairs and government relations for Penn National Gaming Inc. of Wyomissing, Pa., which operates the racino.

“We’re encouraged by the increased volumes there and will continue to adhere to our comprehensive COVID-19 protocols to help keep our team members and guests healthy and safe,” he said.

Patrons took home credits worth $102,450,594 in February, up from $97,281,734 in January and above the $100,869,511 won in February 2020.

Net win – credits played minus credits won and promotional play credits – totaled $11,075,485 last month. That compares to net win of $10,755,661 in January and $11,138,813 in February 2020.

Out of that net win, Penn National received $7,328,372 and the lottery commission, which oversees VLT operations in Ohio, received $3,710,287.

In January, Penn National received $7,116,752 and the lottery commission $3,603,146. In February 2020, Penn National got $7,370,274 and the commission $3,731,502.

Copyright 2024 The Business Journal, Youngstown, Ohio.