VLT Revenue Soars Past Prior Record in March
YOUNGSTOWN, Ohio – Wagering on video lottery terminals at Hollywood Gaming at Mahoning Valley Race Course in Austintown hit record levels in March, blowing past $100 million last month.
The Austintown racino, which is operated by Penn National Gaming Inc.in Wyomissing, Pa., beat the previous record month by nearly $10 million, according to VLT results released Monday afternoon by the Ohio Lottery Commission.
In March, VLT play at the Austintown racino last month hit $109.74 million, up 9.8% from the $99.95 million in March 2017 – the previous record holder — and up from $92.59 million in February.
Play at the Austintown racino was up slightly from the 9.7% increase year-over-year reported statewide last month. VLT play in Ohio totaled $1.04 billion in March.
Bettors at the Austintown racino in March took home winnings totaling just over $97 million, compared with $88.68 million a year earlier and up from nearly $82 million in February.
Net win – what is left when credits won and promotional play credits are subtracted from the total credits played – was $11.38 million in March. That compared to $9.52 million in February and $10.10 million in March 2017.
Penn National’s share of net win was $7.53 million in March, up from $6.30 million in February and $6.68 million in March 2017.
Eric Schippers, Eric Schippers, Penn National senior vice president, public affairs and government relations, characterized the strong performance as “a reflection” of the property’s “outstanding management team and staff” and “their dedication to providing an unparalleled customer experience.”
Copyright 2023 The Business Journal, Youngstown, Ohio.