You have reached your limit of free articles this month.

Enjoy unlimited access to SpringfieldNewsSun.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and interactive features. Starting at just 99c for 8 weeks.

X

Welcome to SpringfieldNewsSun.com

Your source for Clark and Champaign counties’ hometown news. All readers have free access to a limited number of stories every month.

If you are a News-Sun subscriber, please take a moment to login for unlimited access.

Racino rakes in $70M in first 20 days

Official: ‘We’re still in the honeymoon period.’


Gamblers pumped an average of $3.5 million per day into video slot machines at Miami Valley Gaming in the racino’s first 20 days of operation, according to figures released Tuesday by the Ohio Lottery.

The Warren County racino opened Dec. 12 and took in more than $69.9 million last month. Of that total, $62.8 million was paid out to those who tried their luck. Factoring in promotional play credits, the racino’s 1,577 machines had a payout of 91.86 percent, best among Ohio’s four racinos.

MVG president and general manager Jim Simms is pleased with the racino’s first four weeks, but he said it’s too early to tell what to expect from a long-term revenue standpoint.

“December is a tough period to operate as a baseline; there’s so much volatility,” Simms said. “The week before Christmas is the slowest time, followed by the busiest.

“It’ll be a couple months in before we can project out for the year, but we’re expecting the first quarter to be a strong one for us. We’re still in the honeymoon period.” See the replay of our live chat on the new racino with Jim Simms from Dec. 12, 2013.

The racino’s take in December averaged out to $181 per video lottery terminal per day.

“So far, so good. From the Ohio Lottery standpoint, they’re in line with what we were expecting,” said spokeswoman Marie Kilbane.

The racino netted $5.7 million in December. Of that, $1.9 million went to the Ohio Lottery’s education fund.

Simms said live harness racing at the facility will debut Feb. 7.

“Their numbers seem to be good, especially with half a month and the holidays,” said Martin Russell, director of economic development for Warren County. “If you add the component of live racing, it seems to bode well for the racino and the county because of all the money spent on concessions and hotels, the county reaps (1 percent of) the sales tax.”

Statewide, four racinos netted $152 million from $1.8 billion played since July. Of that net revenue, $100 million went to racino operators, $51 million to the lottery’s educational fund and $505,000 to problem gambling services.

Scioto Downs in Columbus had the most money wagered in VLTs in December at $125.3 million.

Three new racinos — including one in Dayton — are expected to open this year, bringing to seven the total number of facilities in the state.

Casino revenue dips

Casino revenue reports also were released Tuesday by the Ohio Casino Control Commission. For 2013, the state’s four casinos reported adjusted gross revenue of $821 million.

A total of $6.8 billion was wagered in slot machines and $1.3 billion was played at table games.

December revenue at all four casinos — located in Cincinnati, Columbus, Cleveland and Toledo — dropped from November.

The Horseshoe Casino Cincinnati took in $14.2 million in December, by far its lowest total of the year. The casino opened March 4 and took in $21 million during its first month of operation — its high mark for the year.

The downtown Cincinnati venue has 117 tables games and 1,992 slot machines. According to the OCCC, its 92.2 percent slot payouts and 83.7 percent table-game payouts are the best among the state’s casinos.

Ohio’s Voluntary Exclusion Program, which allows people to ban themselves from casinos, grew from 176 applicants in December 2012 to 662 in December 2013. Individuals from 11 states are on the list, and 74 percent of them are male.



Reader Comments ...


Next Up in News

Poor Will’s Clark County Almanack: Go fishing around lunchtime
Poor Will’s Clark County Almanack: Go fishing around lunchtime

All things swell…the earth, trees, plants, wood and even iron. Why should not the same thing be true of our minds? We must expand, like the leaves, if we would receive all the cleansing water in our souls. — Charles Burchfield, Journal, April 12, 1914 The Almanack Horoscope Moon Time: The Maple Flower Moon wanes throughout the period,...
Colorectal cancer preventable, with increased screening
Colorectal cancer preventable, with increased screening

Colorectal cancer screening has been proven to save lives. The Clark and Champaign County Colorectal Cancer Coalition has pledged to help increase colorectal cancer screening rates by supporting the “80 percent by 2018” initiative, led by the American Cancer Society (ACS), the Centers for Disease Control and Prevention (CDC) and the National...
Chamber: Springfield businesses, community growing greater together
Chamber: Springfield businesses, community growing greater together

The Chamber recently held its annual meeting that featured this year’s “Dream Big” theme for the Greater Springfield community, “Growing Greater Together!” This past year, the Chamber continued to stand in the gap and take on area challenges while seeking to help innovate and build a better sense of place for area businesses...
Enon’s 40-foot tall mound is second largest in Ohio
Enon’s 40-foot tall mound is second largest in Ohio

The second tallest mound in Ohio is in downtown Enon, with Miamisburg Mound being the tallest. These two mounds are 35 miles apart. Enon’s is listed in the National Register of Historic Places and is owned by the village. The mound is 40 feet tall. In the late 1800s, the mound was set in a circle of Osage and was tree crowned. The Enon Community...
Change in weather pattern to bring major warm-up for the region
Change in weather pattern to bring major warm-up for the region

The jet stream, which typically divides areas of colder and warmer air, is forecast to shift north of the Miami Valley by the end of the week -- and that means a warm-up for the region.  Highs are expected to climb into the 50s on Thursday -- more seasonable levels -- and then hit near 70 this weekend. That will be a noticeable change from Wednesday...
More Stories