Ohio's casino revenue shatters yearly records

Spectrum News
Ohio's casino revenue shatters yearly records

OHIO — Casino and racino gaming had a massive increase in revenue in 2021. According to data from the Ohio Casino Control Commission, revenue from Ohio’s four main casinos broke a yearly record garnering $983 million in revenue, breaking 2019’s figure of $850 million. 

What You Need To Know

  • Ohio’s casino revenue topped $900 million for the first time on record

  • Columbus’ Hollywood Casino generated the most revenue of Ohio’s four casinos

  • Slot machines, which had a better payout than table games, generated more than $8 billion in gaming

  • Ohio is continuing to expand legalized gambling with the addition of sports betting by 2023

Meanwhile, revenue at Ohio’s seven racinos topped $1.3 billion in the 2021 calendar year. 

Both Ohio’s casinos and racinos recorded their highest monthly revenues ever in April 2021. 

Of Ohio’s four casinos, Columbus’ Hollywood Casino had the most revenue in 2021, with $259.9 million in revenue, followed by Jack Cleveland ($257.4 million) Toledo’s Hollywood Casino ($237 million) and Hard Rock Cincinnati ($228.4 million).

Slot games also continue to be far more popular than table games. At Ohio’s four casinos, more than $8.6 billion was gambled, with casinos paying out at a rate of 91.4%. Table games had more than $1.2 billion of gaming with a total payout of 77.3%. 

Ohio’s four casinos first opened in 2012 with annual revenues generally hovering in the $800 million range until the pandemic curtailed casino operations in 2020. 

The state will continue to see more gambling options as legalized sports betting will be coming to Ohio. Last month, Gov. Mike DeWine signed legislation allowing betting on any professional or collegiate sport, any Olympic or international sports competition event, any motor race, any horse race or any other special event the Ohio Casino Control Commission authorizes.