Ohio casinos and racinos post slight increase in revenue to $196 million in best August ever

Casinos and racinos operating in Ohio took in $196 million gambling revenue in August, according to monthly reports published by the Ohio Casino Control Board and the Ohio Lottery tuesday. This represents a slight increase of 0.8% compared to the $194.2 million posted the same month last year. However, it is 5.2% decrease from $206.7 million recorded in July 2022.

Although Ohio casinos and racinos no longer appear to exceed their 2021 totals, 2022 has been a very strong year in Buckeye State for casino games, and it will undoubtedly end as one of the strongest ever recorded. So far in 2022, The four casinos and seven racinos in Ohio generated more than $1.4 billion in gambling revenue, up 1.2% Year after year.

Additionally, while last month’s numbers were only marginally higher than the same month in 2021, the increase was still enough for the state to barely break a new record for August.

Jack Cleveland Casino

In terms of statewide revenue, casinos recorded revenue of $84.2 million, a gain of $1.8 million from August 2021. Hollywood Columbus ranked first among all sites, at $22.2 million.

The casino was followed by Jack Cleveland Casino ($21.8 million), Hard Rock Cincinnati ($21.1 million) and Hollywood Toledo ($19 million). Hollywood Columbus and Hard Rock Cincinnati saw revenue up from July 2021, while Jack Cleveland Casino and Hollywood Toledo saw revenue declines.

MGM Northfield Park

Racinos reported statewide revenue of $111.7 million, 5.3% less than the $118 million delivered last month, but nearly tied with the $111.8 million recorded in August 2021. MGM Northfield Park placed first at $24.2 million turnover, followed by Bottom of Eldorado Scioto ($19.7 million) and Miami Valley Games ($19 million).

Meanwhile, JACK Thistledown Racino generated $15.7 million in revenuewhile Hollywood Mahoning Valley posted $13.8 million, hollywood-dayton collected $13 million, and Belterra Park posted $7.7 million.

Martino's on Vine, one of the first 200 approved establishments in Ohio.

So far, the Ohio Casino Control Boardhas approved over 300 sports betting licenses ahead of state market launch in 2023. The Cleveland Browns, JACK Casino, JACK Thistledown Racino, Hollywood Casino Toledo and the Cincinnati Reds are among the parti that have been approved for both online (Type A) and in-person (Type B) licenses.

Of the total number of green light licenses, the majority of them -300- correspond to type C permits for various restaurants, bars and suppliers who will now have the possibility of offering gaming kiosks on their premises. Regarding Type A and B licenses, the OCCC only reviewed 10 license applications from companies that submitted “complete and timely applications”.

Ohio's Cleveland Browns.

All sportsbooks in Ohio will begin operations on January 1, 2023, the date set by the Casino Control Commission as the universal launch date.. The OCCC is currently in the process of creating rules, applications, forms and other essentials to launch. The state estimates that sports betting will be a billion dollar industry in Ohio in its first year of operation.rising to 3.35 billion dollars in a few years.