The Ohio Casino Control Commission has released its monthly figures, revealing that Ohio’s casinos and racinos collectively recorded $193.6 million in gambling revenue for June. This figure marks a 2% increase compared to the same period in 2022, signaling a positive trend in the state’s gaming industry.
Breakdown of Gambling Revenue:
Casino Revenue: Ohio’s four casinos contributed significantly to the overall revenue, posting a combined revenue of $82.8 million. Notable contributions came from Hollywood Columbus ($23.2M), Jack Cleveland Casino ($21.6M), Hard Rock Casino Cincinnati ($20.1M), and Hollywood Toledo ($17.7M).
Racino Revenue: The state’s seven racinos generated $110.7 million, reflecting a 2.8% increase from June 2022. Key racinos contributing to this figure include MGM Northfield Park ($24.7M), Miami Valley Gaming ($19.3M), Scioto Downs ($18.4M), JACK Thistledown Racino ($15.7M), Hollywood Mahoning Valley ($13.5M), Hollywood Dayton ($12M), and Belterra Park ($6.9M).
Comparison with Previous Years: While the June 2023 figure of $193.6 million is a positive indicator, it falls short of the record set in June 2021, which stood at $211.2 million. Nonetheless, the current figure surpasses the revenue reported in June 2022, demonstrating resilience and growth in the sector.
Year-to-Date Performance:
For the first six months of 2023, the combined gambling revenue from casinos and racinos reached $1.21 billion, showing an uptick from the $1.17 billion recorded during the same period in the previous year. It’s important to note that these figures exclude revenue from newly legalized sports betting.
Sports Betting in June:
Ohio’s sports betting landscape experienced a decline in June, with the combined retail and online sports betting handle amounting to $362.1 million. This represented an 18.9% decrease from the previous month’s figure of $447.5 million. Notably, online sportsbooks contributed significantly, accounting for 96% of the total market.
The latest figures from Ohio’s casinos and racinos showcase a resilient and growing gambling industry. Despite facing challenges, the sector has demonstrated positive momentum, contributing to the state’s overall economic landscape. The continued success of both casinos and racinos, coupled with the evolving landscape of sports betting, positions Ohio as a key player in the regional gaming market. As the industry adapts to changing dynamics, Ohio remains a noteworthy hub for entertainment and economic contribution through its gaming sector.