Ohio Casinos and Racinos Experience Drop in Revenue for May

Ohio Casinos and Racinos Experience Drop in Revenue for May
By Jim Tomlin
Fact Checked by Michael Peters

Ohio’s racinos and casinos took a slight drop from their revenue numbers in April, when two facilities set records and the state’s 11 live gaming outlets recorded $215.58 million for the month.

In May, the Ohio racinos (slots at racetracks) and casinos combined for $201,608,892 of revenue, down 6.5% from the previous month. Last month’s numbers were also down 3.6% from the $209.2 million reported in May 2021 in a year-over-year comparison.

All of this took place amid an atmosphere of anticipation for the launch of Ohio sports betting, which now at least has a date set.

Here are three takeaways from the month of May in Ohio gaming.

Ohio Casinos Take in $86.69M

The four commercial casinos in Ohio combined for $86,683,478 in revenue for May, according to the Ohio Casino Control Commission.

That was down from April’s $92.85 million, which was the second-best total in state history behind the $93.32 million reported in March.

The casinos accounted for $60.1 million in revenue from slot machines and $26.6 million from table games. The slot coin in (or handle) was $763 million and the table games drop (again, amount wagered) surpassed $115 million.

JACK Cleveland led the state with $22.3 million in total revenue last month, a slight drop from the $23.1 million in April.

Hollywood Columbus was second in May revenue at $21.96 million, followed by Hard Rock Cincinnati ($21.86 million) and Hollywood Toledo ($20.52 million). The Cincinnati casino was coming off of a record-setting April, with $24.38 million in revenue.

Racinos Combine For $114.9M

The Buckeye State’s seven racinos took in a total of $114,925,414 for May, down almost $8 million from April’s near-record $122.73 million.

The top racino for May revenue was MGM Northfield at $24.37 million, the Ohio Lottery reported.

Eldorado Gaming Scioto Downs was second with $20.55 million, followed by Miami Valley Gaming in Lebanon at $19 million.

The rest of the facilities reported revenue from last month as follows: JACK Thistledown Racino in Cleveland ($15.84 million), Hollywood Mahoning Valley in Austintown ($13.84M), Hollywood Gaming Dayton ($12.98M) and Belterra Park in Cincinnati ($8.3M).

Eldorado Gaming Scioto Downs had set a facility record in April at $22.46 million. Two other racinos broke their records in March — MGM Northfield ($26.1 million) and Miami Valley ($20.3 million). Both followed that up in April with their second-best months ever.

Ohio Sports Betting Date Set

The bad news for would-be sports bettors in Ohio is that being able to wager in a legal, regulated market on the Browns, Bengals, Buckeyes, Cavaliers and Blue Jackets is not scheduled to happen until the last possible day.

The good news is, at least now we know.

When the Ohio legislature approved sports betting and Gov. Mike DeWine signed it into law in late December 2021, the law stipulated wagering on sports must be enacted by Jan. 1, 2023.

The Ohio Casino Control Commission announced in June that sports betting would not launch until that Jan. 1 deadline. In a meeting, the OCCC confirmed the deadline for applications among Type A, B and C proprietors.

Part of the delay in Ohio is the state wants all operators to launch simultaneously, In many other states, including New York’s mobile sports betting launch in January, the availability of online sportsbooks was staggered.

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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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