Ohio Casino Revenue Drops 5% in August But Sports Betting Gets Closer

Ohio Casino Revenue Drops 5% in August But Sports Betting Gets Closer
By Bill Ordine
Fact Checked by Jim Tomlin

Total revenues at Ohio’s four casinos and seven racinos were nearly $196 million in August, down about 5% from the $206.7 million in Ohio July revenue. It’s worth mentioning that August had one fewer full weekend than July and that the previous month might have also benefitted from the July 4 holiday.

The casinos in the state combined for $84.25 million in revenues and the seven racinos (racetracks with slot machines) had $111.71 million in revenues. In both categories, the dip from July was about 5% in a month-over-month comparison. All 11 gaming facilities had revenue declines in August compared to July.

Breakdown of Ohio Casino and Racino Revenue

The overall top revenue producer among the state’s gambling facilities was the MGM Northfield racino with about $24.24 million, according to figures from the Ohio Lottery.

The rest of the racinos reported the following August revenue figures: Eldorado Gaming Scioto Downs (Columbus), about $19.8 million; Miami Valley Gaming (Lebanon), $19.1 million; JACK Thistledown (Cleveland), $15.7 million; Hollywood Mahoning Valley (Youngstown), $13 million; Hollywood Gaming Dayton, almost $12.2 million, and Belterra Park (Cincinnati), about $7.7 million. There are no legal Ohio casinos online, unlike neighboring Pennsylvania, West Virginia and Michigan.

The leading revenue generator among the state’s casinos last month was Hollywood Columbus at about $22.2 million, the Ohio Casino Control Commission reported. JACK Cleveland followed with $21.8 million, then came Hard Rock Cincinnati with about $21.15 million and Hollywood Toledo at about $19.05 million.

More Licenses Granted for Ohio Sports Betting

Meanwhile, the Ohio Casino Control Commission has been busy in the licensing process for sports gambling in the state, which is scheduled to begin by at least Jan. 1.

Ohio sports gambling will have a wide range of options, from typical casino retail sportsbooks to online sports betting to kiosks in small businesses scattered around the state.

This week, the state’s casino control commission approved eight entities for Type A and B sports gaming licenses. Those included JACK Cleveland Casino, JACK Thistledown Racino, the Cleveland Browns Football Company, Crew SC Stadium Company, Muirfield Village Golf Club Subsidiary, the Cincinnati Reds, Hollywood Casino Toledo and Hollywood Gaming at Mahoning Valley.

Two pro sports teams didn’t have representatives at a recent meeting, the Cincinnati Bengals and FC Cincinnati, and a decision on their applications was delayed.

In August, the commission approved 300 Type C licenses (sports gambling kiosks) for bars, restaurants and other suppliers.

When Ohio made sports betting legal in late 2021, the law stated that the launch must be by Jan. 1, 2023. That will be in time to catch the last couple of weeks of the 2022 NFL season.

Check back with BetOhio.com for the top Ohio sportsbook promotions as legal wagering on sports draws nearer in the Buckeye State.

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Contributors

Bill Ordine was a reporter and editor in news and sports for the Philadelphia Inquirer and Baltimore Sun for 25 years, and was a lead reporter on a team that was a finalist for the Pulitzer Prize in Breaking News. Bill started reporting on casinos and gaming shortly after Atlantic City’s first gambling halls opened and wrote a syndicated column on travel to casino destinations for 10 years. He covered the World Series of Poker for a decade and his articles on gaming have appeared in many major U.S. newspapers, such as the Los Angeles Times, Chicago Tribune, Miami Herald and others.

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