Gambling in Ohio is extra fashionable than ever, judging by latest outcomes. The revenue has been recorded in racinos and casinos in Ohio throughout January. Sports betting outcomes aren’t included in this report, so the revenue is even increased than we all know to this point.
The record is damaged:
Ohio’s Casino and Lottery Commissions announced that the casinos earned $196.8 million in January. In 2022, the January revenue was $171.2 million.
The revenue of 11 Ohio casinos is what’s left to them after paying winnings, however earlier than taxes and charges that they’re required to pay to the state.
Casinos that possess licenses for slot machines and blackjack, and different desk video games earned $86.1 million. Last 12 months, these 4 casinos earned $75.6 million. Racinos which have slot machines earned $110.7 million, and final January, that quantity was $95.6 million. There are seven racinos in the state.
JACK Cleveland Casino, JACK Thistledown, and MGM Northfield, casinos that belong to the Cleveland-Akron market, earned $62.2 million in the course of the first month of the 12 months. Last 12 months, the revenue was $51.7 million.
Each of the 11 playing properties in the state broke its personal information and earned more cash than final 12 months.
The motive for the will increase can probably be attributed to the regulation of sports activities playing in Ohio. With its legalization, sports activities playing began counting individually from different playing sorts, nevertheless it helped enhance the general enterprise.
The details about casinos:
People are nonetheless extra in desk video games and slots than they’re in land-based sports activities books. It confirmed the instance of JACK Casino in Cleveland, which gained $23 million from desk video games and slot machines, and its sportsbook earned $270.000. An identical scenario is all over the place throughout the state.
JACK Thistledown Racino earned $14.8 million, and final January; the revenue was $13.3 million. Hollywood Columbus introduced in about $23 million and final 12 months the quantity was $19.9 million Hard Rock Casino Cincinnati earned $21.7 million, and final January, it was $20.2 million
The scenario is comparable in Hollywood Toledo, the place the revenue was $18.7 million, and final 12 months it was $17.1 million. MGM Northfield Park had an incredible improve in revenue – at $24.4 million this January, a lot increased than the $20.2 million from the earlier 12 months.
Hollywood Mahoning Valley noticed a rise of greater than $2 million from Jan 2023’s reported $13.6 million from the earlier 12 months’s $11.1 million. Scioto Downs additionally noticed a rise, going from $17.3 million in Jan. final 12 months to only greater than $19 million the identical time this 12 months.
Miami Valley Gaming had an even bigger improve, going from $15.6 million in revenue final 12 months to $19.4 million in 2023.
The smallest improve in revenue was reported for Belterra Park and Hollywood Dayton, with the former reporting $6.4 million in 2022 versus $6.7 million in Jan this 12 months, whereas the latter earned $11.6 million in 2022 and in 2023 $12.7 million.
