Racino Wagering Dips in May
YOUNGSTOWN, Ohio – Wagering on video lottery terminals at Hollywood Gaming at Mahoning Valley Race Course last month dipped from April’s record $157.9 million, but VLT play at the Austintown racino already has exceeded the previous fiscal year with a month go to.
The monthly report released by the Ohio Lottery Commission, which oversees VLT play in Ohio, showed wagering on the racino’s video slot machines totaled $150.6 million, down from the $157.9 million posted in April. A year earlier, May wagers totaled $146.5 million.
The local drop mirrored a statewide decline in VLT wagering. Last month, statewide VLT play totaled $1.29 billion, down from just under $1.36 billion the month before.
Year to date as of May, with one month left in the fiscal year, Hollywood Gaming VLT wagers were at $1.56 billion. VLT play totaled $1.46 billion for the fiscal year that ended June 30, 2021.
Winnings in May totaled $134.8 million, down from $141 million the month before. Net win – the sum left when credits won and promotional play credits are subtracted from credits played – was $13.8 million, compared with $14.5 million the month before.
Out of net win, Penn National Gaming Inc., the Pennsylvania company that operates the racino, received $9.16 million in May, down from $9.61 million the month before. The lottery commission received $4.64 million last month, down from $4.86 million the month before.
Copyright 2023 The Business Journal, Youngstown, Ohio.