Ohio record casino & racino revenue in January
Gambling in Ohio is more popular than ever, judging by recent results. The revenue has been recorded in racinos and casinos in Ohio during January. Sports betting results aren’t included in this report, so the revenue is even higher than we know so far.
The record is broken:
Ohio’s Casino and Lottery Commissionsannounced that the casinos earned $196.8 million in January. In 2022, the January revenue was $171.2 million.
The revenue of 11 Ohio casinos is what is left to them after paying winnings, but before taxes and fees that they are required to pay to the state.
Casinos that possess licenses for slot machines and blackjack, and other table games earned $86.1 million. Last year, these four casinos earned $75.6 million. Racinos that have slot machines earned $110.7 million, and last January, that amount was $95.6 million. There are seven racinos in the state.
JACK Cleveland Casino, JACK Thistledown, and MGM Northfield, casinos that belong to the Cleveland-Akron market, earned $62.2 million during the first month of the year. Last year, the revenue was $51.7 million.
Each of the 11 gambling properties in the state broke its own records and earned more money than last year.
The reason for the increases can likely be attributed to the regulation of sports gambling in Ohio. With its legalization, sports gambling started counting separately from other gambling types, but it helped improve the overall business.
The information about casinos:
People are still more interested in table games and slots than they are in land-based sports books. It showed the example of JACK Casino in Cleveland, which gained $23 million from table games and slot machines, and its sportsbook earned $270.000. A similar situation is everywhere across the state.
JACK Thistledown Racino earned $14.8 million, and last January; the revenue was $13.3 million. Hollywood Columbus brought in about $23 million and last year the amount was $19.9 million Hard Rock Casino Cincinnati earned $21.7 million, and last January, it was $20.2 million
The situation is similar in Hollywood Toledo, where the revenue was $18.7 million, and last year it was $17.1 million. MGM Northfield Park had a great increase in revenue – at $24.4 million this January, much higher than the $20.2 million from the previous year.
Hollywood Mahoning Valley saw an increase of more than $2 million from Jan 2023’s reported $13.6 million from the previous year’s $11.1 million. Scioto Downs also saw an increase, going from $17.3 million in Jan. last year to just more than $19 million the same time this year.
Miami Valley Gaming had a bigger increase, going from $15.6 million in revenue last year to $19.4 million in 2023.
The smallest increase in revenue was reported for Belterra Park and Hollywood Dayton, with the former reporting $6.4 million in 2022 versus $6.7 million in Jan this year, while the latter earned $11.6 million in 2022 and in 2023 $12.7 million.