November Casino Revenue Slides With Ohio Sports Betting Countdown On

November Casino Revenue Slides With Ohio Sports Betting Countdown On
Fact Checked by Pat McLoone

With Ohio sportsbooks being just a few weeks from launch, the casinos and racinos in the Buckeye State had a dip in revenue in November compared to the previous month.

However, the numbers were better than they were in November 2021 in a year-over-year comparison. And those numbers are sure to increase when sports betting launches in the state and bettors are able to use a bet365 Ohio bonus code

Breakdown of Ohio Casinos in November

All told, the 11 gaming facilities in Ohio – seven racinos (racetracks with slot machines) and four casinos – combined for $183,647,225 in revenue for November.

That was down 4.4% from $192,126,429 in the October Ohio casino revenue report.

The state’s casinos combined for $78,675,510 in revenue last month, a 5.3% drop from just over $83 million in October. However, the figure was a touch better than the $78.1 million from November 2021.

Hollywood Columbus led the state in casino revenue last month with $21.1 million, according to the Ohio Casino Control Commission. That was a drop of more than $2 million from the October figure of just over $23.7 million.

The other Ohio casinos, with their November revenues, were JACK Cleveland ($20.77 million), Hard Rock Cincinnati ($19.36 million) and Hollywood Toledo ($17.44 million).

 
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Racino Revenue Also Dips in November

The Ohio racinos combined for $104,971,715 in revenue for November, a 3.7% decline from October, when it was just more than $109 million. Again, though, the comparison to 12 months earlier was better, as last month’s figure was more than $4 million higher than November 2021.

Belterra Park in Cincinnati was last among the seven racinos in November revenue, but it owned the distinction of being the only facility in the state to increase its revenue from October. The racino reported $6,656,100 for November, according to the Ohio Lottery, a 0.6% rise from $6,618,147 the previous month.

MGM Northfield Park led all racinos in the state at $22.9 million in revenue last month, a slight drop from $23.3 million in October. The other racinos, with their November revenue: Miami Valley Gaming in Lebanon, $18.44 million; Eldorado Gaming Scioto Downs in Columbus, $18.32M; JACK Thistledown in Cleveland, $14.1M; Hollywood Mahoning Valley in Austintown, $12.64M; and Hollywood Gaming Dayton Raceway, $11.84M.

There are no Ohio online casinos, so at this point a trip to the physical casinos and racinos is the best legal, regulated gaming option in the Buckeye State.

However, with New Year’s Day comes a whole new way to wager in Ohio.

 
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Ohio Sportsbooks Raring To Go

The launch of Ohio sports gambling is set for Jan. 1 and the competition among Ohio sports betting apps is sure to be fierce.

More than a dozen major, well-known national sports betting operators have gained approval to launch mobile sports betting when it begins in Ohio on Jan. 1. PointsBet Ohio Sportsbook was among the first to be approved in October, joining Caesars, SuperBook, Betfred and bet365.

But that was just the beginning for operators eager to get in on what is sure to be one of the biggest sports betting markets in the nation.

Since then such major players as BetRivers Sportsbook Ohio, Tipico, BetMGM, DraftKings, Hard Rock Digital, FanDuel and Barstool also got the go-ahead from the Ohio Casino Control Commission to operate. Ohio is waiting until Jan. 1 in an effort to ensure that all of the operators can get underway at the same time.

 
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One Problem with Jan. 1 Launch

One unfortunate circumstance of that Jan. 1 launch, at least as far as sportsbook operators are concerned, is that the launch is slated to happen just hours after the  Ohio State Buckeyes College Football Playoff semifinal game against Georgia. That matchup is kicking off at 8 p.m. Eastern on Dec. 31 at the Peach Bowl in Atlanta.

If the Buckeyes advance to the CFP title game, that would be a betting option in the state because the championship will be decided on Jan. 9 at SoFi Stadium in Inglewood, California.

In addition to there being mobile sportsbooks available starting in January, Ohio has awarded hundreds of Type C licenses to retail outlets to operate sports betting kiosks.

Check with BetOhio.com to take advantage of the best Ohio sportsbook promo codes before you place a bet on the Buckeyes, Bengals, Browns, Blue Jackets, Cavaliers or any other team.

 
Must be 21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER.
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Contributors

Ohio native Jim Tomlin has 30 years of experience in journalism, mostly in sports. He lends his expertise to BetOhio.com as a writer and editor after previous experience at the Tampa Bay Times, FanRag, Saturday Down South and Saturday Tradition.

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