Gambling revenue in Ohio has demonstrated consistent growth throughout 2022, with a 1.2% increase compared to the previous year. In August, Ohio’s casinos and racinos generated $196 million in gambling revenue, marking a slight uptick from the same month in 2021. While there was a decrease of approximately 5% compared to July’s revenue, the overall trend indicates positive momentum for the state’s gambling industry. Furthermore, Ohio is preparing for a significant milestone with the launch of sports betting on January 1, 2023, making it the largest simultaneous sports gaming debut in the history of the United States.
Performance of Ohio’s Casinos and Racinos:
Ohio’s four casinos recorded revenue of $84.2 million in August, representing a $1.8 million increase from the same period in 2021. Hollywood Columbus led the pack with $22.2 million, followed closely by Jack Cleveland Casino with $21.8 million. Hard Rock Casino Cincinnati reported $21.1 million in revenue, while Hollywood Toledo generated $19 million.
Racinos, on the other hand, reported revenue of $111.7 million in August, just slightly below the figure from August 2021. MGM Northfield Park claimed the top spot among racinos with $24.2 million in revenue, followed by Scioto Downs with $19.7 million. Miami Valley Gaming recorded $19 million, JACK Thistledown Racino generated $15.7 million, Hollywood Mahoning Valley reported $13 million, Hollywood Dayton generated $12.1 million, and Belterra Park garnered $7.7 million.
Steady Revenue Growth in 2022:
For the first eight months of 2022, Ohio’s casinos and racinos collectively generated over $1.4 billion in gambling revenue, showcasing a year-on-year increase of 1.2%. This consistent growth reflects the resilience and attractiveness of the state’s gambling industry. With ongoing developments and expansions, Ohio continues to position itself as a prominent gambling destination.
Sports Betting on the Horizon:
Ohio is eagerly preparing for the launch of sports betting on January 1, 2023, following the approval of House Bill 29 by the House and Senate in December 2021. Governor Mike DeWine signed the legislation to allow sports betting, paving the way for a new era of gambling in the state. The forthcoming launch of sports gaming represents the largest expansion of gaming in Ohio’s history and will set a record as the largest simultaneous sports betting debut in the United States.
Outlook for Ohio’s Gambling Industry:
As Ohio’s gambling industry thrives, the upcoming launch of sports betting is expected to further enhance the state’s position in the market. The expansion into sports gaming will attract a wider audience and offer new opportunities for bettors to engage with their favorite sports teams and events. The Ohio Casino Control Commission, led by executive director Matt Schuler, is diligently preparing for this historic moment, recognizing the significance of the occasion for both the state and the nation.
Ohio’s gambling revenue has exhibited steady growth throughout 2022, with a 1.2% increase compared to the previous year. The performance of the state’s casinos and racinos highlights the resilience and appeal of Ohio’s gambling industry. With the imminent launch of sports betting on January 1, 2023, Ohio is poised to make history with the largest simultaneous sports gaming debut in the United States. The introduction of sports betting will undoubtedly contribute to the continued growth and success of Ohio’s gambling market, providing exciting opportunities for both operators and bettors alike.