Ohio 'racino' revenue tops $11M in opening month

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COLUMBUS, Ohio (AP) - The first slots-like gambling machines added to one of Ohio's horse tracks have taken in more than $11 million in revenue during the facility's opening month.

According to data released Monday by the Ohio Lottery, the state's share of revenue from the video lottery terminals at Scioto Downs in Columbus is $3.7 million. That's more than the roughly $3 million officials estimated the machines would generate per month for the state. The money will help fund K-12 education programs in Ohio.

The roughly $7.4 million in remaining revenue goes back to the track, which is operated by Chester, W.Va.-based MTR Gaming Group Inc. The slots-like machines have been available to visitors since June 1.

Revenues are calculated as the money remaining after prizes have been paid out to winners.

Copyright Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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