After a down June, July was a bounce-back month for Ohio casinos and racinos. July revenue at Ohio casinos and racinos outperformed June’s totals.
A strong start to the year and July’s rebound keeps Ohio’s year to date totals ahead of last year’s.
- January-July 2021: Total revenue for casinos and racinos: $1.36 billion
- January-July 2022: Total revenue for casinos and racinos: $1.38 billion
- Percent Increase: 1.5%
After a three-month dip, Ohio casino revenues recover in July
All four Ohio casinos posted gains over their June revenues. The two Hollywood casinos, Columbus and Toledo, posted the strongest gains, more than $2 million over last month’s totals.
The Hollywood Columbus also outperformed the JACK Cleveland for the first time in three months to be the state’s top earner.
The $88.7 million in net revenue for July is an 8.1% increase over June’s $81.5 million. However, it’s 2.2% below July 2021’s $90.5 million.
Looking at year-to-date (January-July) totals for the last two years, Ohio casinos are outperforming their 2021 numbers. Much of that success, though, is because of a strong January-March. Further, the delta increase of 2.6% for this month is down from last month’s 3.3%, a clear sign that, for its part, casino revenue is dipping after a hot start to the year.
- January-July 2021: Total revenue for Ohio casinos: $578.76 million
- January-July 2022: Total revenue for Ohio casinos: $593.96 million
- Percentage increase: 2.6%
|Casino||July 2022 Net Revenue (in millions)||June 2022 Net Revenue (in millions)||July 2021 Net Revenue (in millions)|
|Hard Rock Cincinnati||$22.1||$20.4||$21.5|
Ohio racinos post an even stronger July recovery
Like all of the casinos in Ohio, the seven racinos outperformed their June totals but came in below July 2021 totals.
The $118 million in racino revenue for July represents a 9.6% increase over last month’s revenue total of $107.6 million. However, it’s a 2.3% decrease over last July’s $120.7 million.
MGM Northfield Park has held steady as the state’s top performing racino, while Miami Valley Gaming posted the largest increase over June’s totals: $3.3 million. The only three racinos to outperform last year’s totals were: MGM Northfield Park, Eldorado Scioto Downs and Miami Valley Gaming. JACK Thistledown saw the largest loss compared to their July 2021 numbers: down $2.5 million.
Year-to-date totals for the last two years suggest the same slowing trend seen in Ohio casinos. In the case of racinos, revenues have all but evened out, suggesting next month’s year-to-date revenue totals will represent the first decrease over last year.
- January-July 2021: Total revenue for Ohio racinos: $783.49 million
- January-July 2022: Total revenue for Ohio racinos: $785.45 million
- Percent increase: .25%
|Racino||July 2022 Net Revenue (in millions)||June 2022 Net Revenue (in millions)||July 2021 Net Revenue (in millions)|
|MGM Northfield Park||$25.3||$23.5||$24.8|
|Eldorado Scioto Downs||$21.3||$18.5||$21|
|Miami Valley Gaming||$20.5||$17.2||$19.5|
|JACK Thistledown Racetrack||$15.8||$15.1||$18.3|
|Hollywood Mahoning Valley||$14.0||$13.1||$14.8|
|Belterra Park Thoroughbred Track||$8.3||$7.6||$8.8|
When the ball drops, sports betting in Ohio goes live
The Ohio Casino Control Commission announced on Aug. 3 that sports betting in the Buckeye State remains on track to commence just as soon as the ball drops in Times Square.
The OCCC is in the tail end of its second sports betting application window. It is currently setting up a web portal where all applicants can submit compliance materials and check the status of their applications.
Along with sportsbook applications, Ohio is also fielding applications for sports betting kiosks. More than a thousand businesses have requested kiosks already.