In November 2023, Ohio’s casinos and racinos demonstrated resilience in the gambling industry, reporting a total revenue of $186.1 million. This marked a modest 1.3% increase year-on-year, compared to November 2022. Despite a marginal decline from October’s figures, the state’s gaming establishments contributed significantly to the overall 11-month revenue, which amounted to $2.17 billion – a 1.4% uptick from the same period in 2022.
Casino Performance:
Ohio’s four major casinos posted a combined revenue of $80.4 million, experiencing a slight dip from the previous year. Hollywood Columbus led the way with $21.7 million, followed closely by Jack Cleveland Casino at $21.3 million. Hard Rock Casino Cincinnati contributed $19.7 million, while Hollywood Toledo reported $17.6 million in November 2023.
Racino Trends:
The seven racinos across the state generated $105.7 million in November, slightly down from the $109.2 million reported in the same period the previous year. MGM Northfield Park secured the top spot with $23.6 million, followed by Miami Valley Gaming at $19.1 million. Scioto Downs, JACK Thistledown Racino, Hollywood Mahoning Valley, Hollywood Dayton, and Belterra Park also made significant contributions, totaling $70.9 million.
Year-to-Date Revenue Growth:
Analyzing the performance over an 11-month period, Ohio’s casinos and racinos exhibited consistent growth, totaling $2.17 billion. This represents a 1.4% increase compared to the $2.14 billion reported in the corresponding period of 2022, indicating the industry’s robust financial health.
Sports Betting Impact:
In addition to traditional gambling, the sports betting sector in Ohio showed remarkable growth in November. The total sports betting handle reached an impressive $864.2 million, marking a 15% increase from October. Online betting dominated the market with a handle of $841.1 million, while 15 retail sportsbooks, located at casinos, racinos, or sports venues, handled $23.1 million in bets.
Ohio’s gambling industry continued its upward trajectory in November 2023, with both casinos and racinos contributing to the overall positive trend. Despite minor fluctuations in monthly figures, the year-to-date performance reflects the industry’s resilience and adaptability. The robust growth in sports betting further diversifies the state’s gaming landscape, offering a promising outlook for the future. As Ohio remains a key player in the regional gambling scene, stakeholders can anticipate continued success in the months ahead.