Ohio Racino Revenue Rises, Casinos Hold Steady During February

Ohio Racino Revenue Rises, Casinos Hold Steady During February
By Jim Tomlin
Fact Checked by Pat McLoone

Ohio’s gaming facilities had mixed fortunes in February.

The state’s seven racinos (racetracks offering slot machines) reported combined bet win (revenue) of $103,561,696 for the month. That was an increase of 8.3% over the $95.6 million reported in January.

The state’s four casinos combined for $75,264,025 in February revenue, almost identical to the previous month. That figure was a decline of just 0.5% from $75.6 million in a month-over-month comparison.

The total figure of $178,825,721 was 4.4% higher than the previous month’s $171,237,748.

Breakdown of Ohio Revenue for February

JACK Cleveland Casino was the only casino to break $20 million in February, recording $20.175 million in revenue, according to figures reported by the Ohio Casino Control Commission. The other three casinos in the state all hovered in the same neighborhood, with Hard Rock Cincinnati recording $18.655 million for the month, followed by Hollywood Columbus ($18.423 million) and Hollywood Toledo ($18.012 million).

The combined total was derived from $52.83 million in slots revenue and $22.435 million from table games.

As for the racinos, MGM Northfield Park in Northfield – owned by the same parent company as the pending BetMGM Sportsbook Ohio – led the state in February revenue at $22.387 million. Eldorado Gaming Scioto Downs in Columbus was second at $17.963 million, according to the Ohio Lottery, followed by Miami Valley Gaming in Lebanon with $17.48 million.

The rest of the Ohio racinos were: JACK Thistledown Racino in Cleveland ($14.37 million), Hollywood Mahoning Valley Race Course in Youngstown ($12.55 million), Hollywood Gaming Dayton Raceway ($12 million) and Belterra Park Cincinnati ($6.796 million).

Ohio Sports Betting Update

The outlook for Ohio sports betting is still uncertain regarding its exact launch date.

The Buckeye State has approved mobile sports betting as well as wagering at retail locations, and it must be launched by Jan. 1, 2023, as outlined when the law that legalized the practice passed in late 2021. Proponents hope to have it under way before then, ideally in time for the NFL season.

In late January, the Ohio Casino Control Commission outlined the process for getting rules drafted, and it’s a long process involving a few governing bodies.

But that isn’t stopping operators from getting their feet in the door.

For instance, Caesars Sportsbook Ohio announced a partnership with the Cleveland Cavaliers to make the operator an official sports betting and casino partner of the NBA team.

The Cavs signed a deal with Fubo Sportsbook as well to make that company an official mobile sports betting partner.

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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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