Poor November Puts OH Casinos At Risk Of Snapping Winning Streak

Written By Steve Schult on January 4, 2024
A picture of evaporating money for a story about Ohio casinos threatening to snap its streak of annual revenue increases.

The Buckeye State’s brick-and-mortar casino market had one of its worst months in November.

The four Ohio casinos won $80.4 million in November, according to numbers from the Ohio Casino Control Commission. It marked the second-worst month of 2023, behind only October’s $79.3 million.

After starting the fourth quarter of 2023 with the worst two months of the year, the properties must report nearly $82 million to break last year’s record of $1.005 billion. Gaming operators would easily pass these benchmarks if legislators would legalize Ohio online casinos. But for now, online casino gaming isn’t a regulated industry.

Ohio casinos at risk of breaking streak of annual revenue increases

Aside from a pandemic-induced decline in year-over-year revenue in 2020, this would be just the second time Ohio casinos experienced a yearly drop.

The only other time came when the industry dipped from $812.3 million to $797.9 million in 2015 and 2016.

If it weren’t for closures and reduced capacity in 2020, there likely would’ve been yearly increases from 2017 through the present. Ohio casinos won $634.4 million in 2020. It was the worst month in state history.

However, last year was the first time Ohio cracked the $1 billion mark in gross gaming revenue.

November casino revenue breakdown

Casino Table Game Revenue Slot Machine Revenue Gross Gaming Revenue
Hollywood Casino Columbus $5,359,573$16,363,731$21,927,284
Jack Cleveland Casino $8,430,941$12,922,215$21,353,156
Hard Rock Cincinnati $6,882,393$12,842,926$19,725,319
Hollywood Casino Toledo $1,958,470$15,643,423$17,601,893
Totals $22,631,377$57,777,295$80,403,672

Hollywood Columbus Casino led the pack … barely

The PENN Entertainment-owned Hollywood Casino Columbus recorded the largest revenue of any casino. Ohio gamblers lost $21.7 million in one of two PENN-owned facilities.

Jack Cleveland Casino was just behind the Columbus facility with revenue totaling $21.3 million. The two casinos won roughly the same amount, but it was in very different fashions.

Jack Cleveland made a much larger percentage of its revenue from the table games. Bettors lost $8.4 million at table games in Cleveland compared to $12.9 million on slot machines.

On the other hand, Hollywood Columbus reported $16.4 million of its revenue from slot machines. In other words, slot machines comprised 75.3% of the property’s gaming revenue.

PENN’s casinos bookended the revenue standings, with its Toledo property bringing up the rear, winning $17.6 million. Hollywood Casino Toledo was the lowest-grossing casino for every month in 2023. Hard Rock Cincinnati Casino earned monthly revenue of $19.7 million.

Photo by PlayOhio
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Written by
Steve Schult

The managing editor for PlayOhio and several other Catena Media sites, Steve stays on top of all things related to the national gaming industry. He is also a veteran of the gambling world. The native New Yorker started covering high-stakes tournaments in 2009 for some of poker’s most prominent media outlets before adding the broader U.S. gaming market to his beat in 2018.

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