How States Report Racino Revenue
No two states measure racino revenue in exactly the same way. Ohio and New York report net win from video lottery terminals, which is the amount players put in minus what they win back. Pennsylvania calls its figure gross terminal revenue, Delaware uses net proceeds, Louisiana adjusted gross revenue and West Virginia gross terminal income.
The words differ more than the arithmetic. In almost every state the base number is wagers minus prizes, sometimes after promotional play is taken out. The real differences lie elsewhere: whether table games are included, whether the year runs from July to June or from April to March, and whether a racino’s off-track betting sites are counted with it.
Who publishes the figure depends on how the state set up its machines. Where gaming at the track is a lottery product, as in Ohio, New York, Delaware and West Virginia, the lottery reports it. Where racinos hold casino licenses, as in Pennsylvania, Indiana and Massachusetts, a gaming control board or commission publishes the monthly numbers instead.
Historical horse racing works differently. Kentucky and Virginia publish handle, the total amount wagered on the machines, rather than net win. Handle is far larger than revenue because each dollar is counted every time it is bet, so setting a handle total beside Ohio’s net win would exaggerate the historical horse racing states by a wide margin.
Racino Revenue by State: The Latest Full-Year Figures
The table below lists the ten largest states from the chart above, each using its regulator’s latest complete year. Because the periods differ, the ranking is approximate. The last column uses the amount or percentage each report gives for racing itself; a dash means that report carries no separate racing line for its racinos.
| State | Racinos | Revenue | Period | To racing |
|---|---|---|---|---|
| Ohio | 7 | $1.40 billion (VLT net win) | FY2025 | – |
| New York | 6 | $1.10 billion (net win) | Apr 2025–Mar 2026 | – |
| Pennsylvania | 6 | $1.04 billion (slots only) | FY2024/25 | $91.2 million (8.7%) |
| Indiana | 2 | $595.2 million (win) | FY2026 | – |
| West Virginia | 4 | $572.9 million (VLT and tables) | FY2026 | – |
| Delaware | 3 | $416.7 million (net proceeds) | FY2025 | $45.6 million (10.9%) |
| Louisiana | 4 | $317.5 million (slot AGR) | FY2024/25 | $47.6 million (15%) |
| Iowa | 1 | $242.9 million (AGR) | FY2026 | – |
| Massachusetts | 1 | $179.2 million (slots) | FY2026 | $16.1 million (9%) |
| Oklahoma | 2 | $164.6 million (AGR) | 2025 | $30.9 million (18.7%) |
Iowa appears with one venue only. Prairie Meadows in Altoona took in $242.9 million in fiscal 2026, more than Plainridge Park in Massachusetts or both Oklahoma racinos put together. It ran 1,187 slot machines and 42 table games over the year and paid $50.8 million in state gaming tax to Iowa.
Ohio: Seven Racinos and $1.4 Billion
Ohio is the largest racino state by revenue. Its seven tracks produced $1.399 billion in VLT net win in fiscal 2025, up $31.6 million from the year before, according to the Ohio Lottery’s annual financial report. The state had 10,113 terminals in operation on June 30, 2025, spread across four harness tracks and three thoroughbred ovals.
Northfield Park near Cleveland led with $318.5 million, followed by Miami Valley Gaming at $244.9 million and Scioto Downs at $224.3 million. JACK Thistledown ($186.2 million), Mahoning Valley ($174.1 million) and Dayton Raceway ($166.3 million) sat in the middle. Belterra Park, the thoroughbred track east of Cincinnati, was the smallest at $84.6 million.
Ohio splits the net win between operators and the state. Racino operators kept $925.6 million in commissions in fiscal 2025, and the Ohio Lottery’s share came to $468.6 million, with Lottery profits directed to the Lottery Profits Education Fund. Ohio racino revenue reports are published monthly by the Lottery, one file per track plus a statewide summary.
Monthly figures kept rising into fiscal 2026. The Lottery reported $139.3 million in VLT revenue for May 2026, 6 percent above May 2025 and the highest single month for the state’s racinos in two years. The Lottery’s annual report adds the full-year total for each track once the fiscal year has been audited.
New York and Pennsylvania
New York’s six racetrack video gaming facilities took $1.105 billion in net win between April 2025 and March 2026. Empire City at Yonkers Raceway accounted for $612.1 million of that, more than half. Saratoga followed with $154.3 million, Finger Lakes with $126.0 million, Batavia Downs with $93.7 million, Hamburg with $81.4 million and Vernon Downs with $37.4 million.
New York’s reports divide every dollar of net win. Across the six tracks, $516.4 million, about 47 percent, went to the state’s education contribution, with the rest covering agent commissions and gaming floor costs. Tioga Downs runs harness racing too, but it now operates as a commercial casino and reports separately, so it sits outside these totals.
Pennsylvania’s six racetrack casinos generated $1.045 billion in slot revenue in fiscal 2024/25, before table games, which the Gaming Control Board reports in a separate file. Parx in Bensalem led at $377.7 million. Mohegan Pennsylvania, the Meadows, Penn National, Harrah’s Philadelphia and Presque Isle Downs followed in that order, the last at $85.9 million.
The Pennsylvania report also shows a Race Horse Development Fund line for every casino. The six racinos sent $91.2 million to the fund that year, but most of the state’s other slot casinos pay into it as well, and the combined total reached $188.0 million. That makes Pennsylvania the clearest case of casinos without a track helping to fund racing.
The Mid-Sized Racino States
Indiana’s two racinos won $595.2 million at slots and tables in the fiscal year that ended in June 2026. Horseshoe Indianapolis in Shelbyville took $339.4 million and Harrah’s Hoosier Park in Anderson $255.8 million, a figure that includes its off-track betting sites in Indianapolis and New Haven. For tax purposes, Indiana lets racinos deduct an extra 12 percent from win.
West Virginia’s four tracks reported $479.2 million in video lottery gross terminal income and $93.7 million in table games receipts in fiscal 2026. The table games fund alone sent $2.3 million to racetrack purse funds and $1.9 million to thoroughbred and greyhound development funds. Mardi Gras and Wheeling Island remain the last greyhound racinos in the country.
Delaware’s three racinos produced $416.7 million in net proceeds in fiscal 2025. The lottery sent $157.6 million to the state, $45.6 million to purses and $180.1 million to the tracks as commission. Delaware Park was the largest at $169.6 million, ahead of Bally’s Dover at $144.7 million and Harrington Raceway at $102.4 million.
Louisiana’s four racetrack slot floors earned $317.5 million in fiscal 2024/25, almost unchanged from $318.2 million a year earlier and below the $329.9 million of fiscal 2021/22. Delta Downs in Vinton took $163.5 million, about half the state total. Evangeline Downs, the Fair Grounds in New Orleans and Louisiana Downs near Shreveport shared the rest between them.
Among the smaller states, Oklahoma’s two tracks reported $164.6 million in 2025, up 7.6 percent, with Remington Park earning $139.0 million of it. Maryland’s Ocean Downs took $97.1 million in fiscal 2026. Hollywood Casino Bangor in Maine reported $66.1 million for 2025, and the slot floor at Gulfstream Park in Florida earned $59.7 million.
Where Racino Revenue Goes: Purses, Schools and Tax Relief
Most racino laws were written to send gaming money to racing, and the purse share is where that shows. Louisiana sets aside 15 percent of racetrack slot revenue for purse supplements and another 3 percent for its thoroughbred and quarter horse breeders. Oklahoma’s two tracks sent $30.9 million to purses in 2025, about 19 percent of gaming revenue.
Smaller shares can still matter at a single track. Massachusetts routes 9 percent of Plainridge Park’s slot revenue, $16.1 million in fiscal 2026, to its Race Horse Development Fund on top of a 40 percent state tax. Maine paid $4.9 million to harness racing purses from Bangor’s slot revenue in 2025, alongside separate sire stakes and agricultural fair funds.
The state’s own share usually goes to education or the general budget. Ohio’s Lottery profits feed the Lottery Profits Education Fund, New York’s education contribution follows the same idea, and Maryland’s Education Trust Fund received $28.4 million from Ocean Downs’ slots in fiscal 2026. Nebraska sends 70 percent of its casino gaming tax to a property tax credit fund.
Historical Horse Racing and Other Formats
Some racing states never adopted slots at all. Kentucky and Virginia run historical horse racing machines, which are legally pari-mutuel wagers on past races, and their regulators publish handle and the taxes on it. Minnesota’s Canterbury Park and Running Aces run card rooms instead, and their card club contributions to purses are reported track by track.
New Mexico taxes its five racetrack casinos at 26 percent of net take, and Nebraska’s 2020 ballot measures have added casinos at its licensed tracks since 2022. Illinois added a racetrack casino at Fairmount Park in 2025, while Arkansas publishes statewide casino tax totals rather than figures per venue, which keeps both out of the chart.
Reading Ohio and Other State Reports
Anyone checking these figures can open the source files listed under the chart. Most are monthly PDFs, but New York and Indiana also post Excel versions, Pennsylvania offers spreadsheets covering a whole fiscal year, and Delaware publishes an HTML table. Ohio’s monthly files are split by racino, and its annual financial report gives the yearly totals.
Two cautions help when comparing racino revenue by state from these files. Monthly reports are unaudited and are sometimes revised, so a full-year figure should come from the fiscal year-end report where one exists. Free play also matters: some states deduct promotional credits before reporting revenue, which lowers the figure without any change in what players actually spent.