Ohio’s casino revenue less than expected

Richard Szmara deals blackjack at the Horseshoe Casino in Cleveland, June 29, 2012.  (AP Photo/Mark Duncan)
Richard Szmara deals blackjack at the Horseshoe Casino in Cleveland, June 29, 2012. (AP Photo/Mark Duncan)

CINCINNATI (AP) — The last of four voter-approved Ohio casinos is celebrating its first birthday — and revenue has failed to meet expectations.

Cincinnati’s casino opened March 4 last year. The state’s first casino opened in Cleveland in May 2012, followed by Toledo that same month and then Columbus five months later.

Cincinnati’s milestone marks the first full year that all four casinos have been feeding into state and local coffers.

Through the end of January, the casinos drew about $772 million. If current revenues hold through March, the casinos will be on track for revenues of nearly $900 million during the first full year they’ve all been operating.

That figure is far short of the 2009 campaign promising voters that revenues could be as high as $1.9 billion annually.

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