Of the casinos in southeastern Indiana, Hollywood Casino was the most affected by new competition in Ohio. / Enquirer file photo
New casino competition in Ohio is exacting a costly toll on the gambling action at three riverboat casinos in southeast Indiana.
Casino revenues there were down 6.4 percent to $632.1 million in 2012 compared to 2011, while visits dropped 10 percent, according to data released Tuesday by the Indiana Gaming Commission.
Casinos in Lawrenceburg, Rising Sun and Vevay lost $40 million in revenue and nearly 700,000 visitors as competition escalated in Ohio in the latter half of the year. Statewide, Indiana casinos collected $2.6 billion in gambling revenue, or 3.9 percent less than in 2011. Visits dropped 3.9 percent to 24 million.
Hardest hit was the region’s dominant gambling destination: Hollywood Casino Lawrenceburg. Gambling revenue there dropped 9.4 percent to $395.4 million, and visits fell 13.9 percent to 3.3 million last year. Revenues and attendance dropped by double-digit percentages in the last four months of 2012.
Also hurt was Rising Star Casino & Resort, where 2012 revenues slid 5.4 percent to $88.3 million and attendance dipped 6.9 percent to 1.2 million visits.
Least impacted was Belterra Casino Resort & Spa, the casino farthest from Ohio. Visits dropped 3.7 percent to 1.6 million, while gambing revenue notched up 1.7 percent increase to hit $148.5 million.
The numbers come a day after Ohio agencies reported that state’s three new casinos and one racino raked in $429.8 million in gambling revenue during 2012 – netting taxpayers roughly $142 million.
The windfall comes during the first year of casino-style gambling in Ohio. The Horseshoe Casino Cleveland opened May 14, the Hollywood Casino Toledo opened May 29 and Hollywood Casino Columbus opened Oct. 8. Also, Scioto Downs in Columbus opened a video slots operation to become a “racino” on June 1.
Revenue reports were issued Monday in separate reports by Ohio’s Casino Control Commission and Lottery Commission.