Casino officials say year-over-year comparisons prove more accurate

Yearly revenue slides 1 per cent for Jack Cleveland Casino

Jack Cleveland Casino's annual revenue continues to decline, dropping about 1 percent from $203.6 million in 2016 to $201.4 million in 2017.
2018-01-09
Reading time 1:20 min
According to a monthly report from the Ohio Casino Control Commission, Jack Cleveland Casino's annual revenue continues to decline, dropping about 1 percent from $203.6 million in 2016 to $201.4 million in 2017. This trend seems not to be shared by other casinos in the state.

As the state's three other casinos increased revenue from 2016 to 2017, according to the monthly report from the Ohio Casino Control Commission, Jack Cleveland Casino's annual revenue continues to decline, dropping about 1 percent from $203.6 million in 2016 to $201.4 million in 2017. 

The state defines revenue as the money left after casinos and racinos pay winners and deduct for promotions. Additionally, casino and racino officials say year-over-year comparisons typically provide a more accurate reflection of performance than comparing one month to the previous one.

In an annual revenue review of the casino, figures show:
$212.7 million in 2015
$220.4 million in 2014
$242.6 million in 2013

For the sake of data comparison, see below annual revenue figures at the state's three other casinos for the past two years:

Jack Cincinnati Casino:
$198 million in 2017
$189.2 million in 2016


Hollywood Casino Columbus:
$221 million in 2017
$213 million in 2016

Hollywood Casino Toledo:
$198.6 million in 2017
$191.6 million in 2016


The downtown Cleveland casino had $17.5 million in revenue for December 2017, a $1 million increase from December 2016. Statewide casino revenue for December was $70.1 million, compared to $66.3 million in December 2016 - a 5.7 percent increase.

Statewide monthly revenue for the seven racinos showed a 7.5 percent increase, from $73.6 million in December 2016 to $79.4 million in December 2017, according to the Ohio Lottery Commission.

Hard Rock Rocksino Northfield Park, with $18.8 million in revenue for December, was the top revenue producer of the racinos and casinos. Jack Thistledown Racino had $9.5 million in revenue in December, the same as a year ago.

 

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