September Sets Another Record at Hollywood Gaming

AUSTINTOWN, Ohio – Wagers on video lottery terminals at Hollywood Gaming at Mahoning Valley Race Course dipped slightly in September, but were still strong enough to be the best September in the six-year history of the racino.

The Ohio Lottery Commission reports wagers totaled  $115,728,088.That number is down from August’s $117,541 but up from the $109,188,652 wagered in September 2019, which held the previous record for the month.

In each full month since the racino reopened after being closed from March 14 through June 19 because of the coronavirus pandemic, that month’s wager record has been broken. In addition to August’s record amount, July set a record of its own with $115,900,340 wagered. 

Of the $115.7 million bet at the Austintown racino, bettors won $102,961,921, a payout rate of 90.46%. Net winnings at Hollywood Gaming – credits played minus credits won and promotional play credits – were 11,042,457.

Of the house take, Penn National Gaming, which operates Hollywood Gaming, earned a commission of $7,3605,518, while the Ohio Lottery Commission earned $3,699,223. The remaining amount, $36,716, went to gambling services in Ohio.

Copyright 2020 The Business Journal, Youngstown, Ohio.

Are you ready for Retirement?

Marco.Comichista@Stifel.com

by Stifel - 3 weeks ago

View More