Revenue at Ohio Casinos, Racinos Up Slightly in October

Revenue at Ohio Casinos, Racinos Up Slightly in October
By Shelby Dermer
Fact Checked by Jim Tomlin

Ohio’s 11 casinos and racinos each saw a slight increase in revenue in October compared to their respective September figures. The state’s financial figures are pretty stable at a time when Ohio sports betting sites are fast approaching.

Casinos in Ohio had a net revenue of $83,066,454, which is a 2% increase from September ($81.4 million). Two Ohio casinos reported a month-by-month decrease in net revenue compared to September, but only JACK Cleveland saw a substantial dip, coming in with $21.2 million in revenue, down over $700,000 compared to September.

The total for casinos and racinos last month was $192,126,429 in revenue, up 1.9% from $188,628,899 in September at the 11 facilities combined.

Casino Revenue Breakdown in Buckeye State

Hollywood Columbus was once again the state’s top-earning casino with revenue of $23,715,990, which was up nearly $1.5 million from the Ohio September casino revenue report. Hollywood Toledo also saw a month-to-month increase with revenue just north of $18 million compared to $17.1 million in September.

Hard Rock Cincinnati reported a decrease in revenue from September, though it was just under $60,000 at $20,038,765. 

From January-October, Ohio casinos have reported nearly $843 million in revenue, which is a 2.5% increase from the same time span in 2021.

Ohio Racinos Also Increase in October

Racinos in Ohio (slot machines at racetracks) reported $109,059,975 in revenue for October, a 1.7% increase from September figures (107.1 million).

In total, five of the state’s seven racinos reported a month-to-month increase in October. The state’s top-earning racino, MGM Northfield Park near Cleveland, also partnered with BetMGM Ohio Sportsbook, reported $23.3 million in revenue, which was down about $365,000 from September. JACK Thistledown (Cleveland) reported a similar dip, dropping to $14,614,242 in revenue, a $327,000 difference compared to September. 

Of the five racinos that saw an increase in revenue in October, Eldorado Gaming Scioto Downs (Columbus) had the biggest change with a $1.1 million difference from September at $19.2 million. 

Hollywood Mahoning Valley (Youngstown) and Hollywood Gaming Dayton Raceway each reported six-figure month-to-month increases. Hollywood Mahoning Valley made $13.9 million ($13 million in September) and Hollywood Gaming Dayton Raceway made $12.4 million ($12 million in September). 

In Southwest Ohio, Belterra Park Cincinnati, the state’s lowest-earning racino, made $6.6 million, a $40,000 increase from September. Miami Valley Gaming in Lebanon was the state’s second-highest earning racino in September and saw an increase in October of just over $7,000.

Ohio Sports Betting on Horizon

In less than two months, the Buckeye State will initiate one of the country’s biggest sports betting layouts when Ohio sports betting apps launch on New Year’s Day. 

This month, the Ohio Casino Control Commission approved its latest round of sports betting licenses for operators ahead of the Jan. 1 launch date. The OCCC also approved partnerships with several providers and approved more Type-C host licenses for sports-betting kiosks to be offered at several different establishments. 

Stay close to BetOhio.com in the run-up to the Jan. 1 launch and for Ohio sportsbook promos.

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Contributors

Shelby Dermer is a reporter for BetOhio.com. Shelby has been a sports reporter for the Cincinnati Enquirer for the last five years and now lends his expertise to the Ohio sports betting market. He grew up in Waynesville, Ohio, and graduated from Ohio University.

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