Ohio casinos and racinos netted $183.7 million in revenue in November, down 4.4% from October but up 2.6% on November 2021.
While dipping a little under the previous month, year to date numbers for Ohio casinos and racinos still project record-setting totals for the Buckeye State.
YTD revenue up 1% from last year
Ohio’s 11 casinos and racinos have continued the gradual slide in year-to-date revenue totals over the previous year. Despite the gradual decline, it appears casinos and racinos will bring in about 1% more revenue in 2022 than 2021.
- January-November 2021 total revenue for casinos and racinos: $2.117 billion
- January-November 2022 total revenue for casinos and racinos: $2. 139 billion
- Percent increase: 1%
Casino, Racino Revenue Increase from 2021 to 2022:
Casinos slow down in November
After a strong October, Ohio casino revenues saw a bigger drop over the previous month than racinos.
The $78.7 million posted by Ohio casinos comes in 5.2% below last month’s $83.1 million and only .7% above November 2021’s $78.1 million.
All four Ohio casinos came in below their October totals, with Hollywood Columbus, the state’s consistently highest earner, seeing the biggest drop — over $2.5 million. The other three casinos dropped between $400,000-600,000 below last month’s totals.
|Casino||November 2022 Net Revenue (in millions)||October 2022 Net Revenue (in millions)||November 2021 Net Revenue (in millions)|
|Hard Rock Cincinnati||$19.4||$20||$19.8|
For the fourth month in a row, Ohio year-to-date casino revenue totals have netted roughly 2.5% more revenue than 2021.
- January-November 2021 total revenue for casinos: $899.2 million
- January-November 2022 total revenue for casinos: $921.45 million
- Percent increase: 2.4%
This month comes in a slight tick below the previous month but still represents a strong showing.
Racino revenues rebound
Taking for granted that November was a slower gaming month than October, Ohio racinos posted positive numbers.
Nearly all racino revenue was down from October. The outlier is the state’s lone thoroughbred track, Belterra Park, which outperformed October by a thin margin of $100,000. The biggest hits came to Hollywood Mahoning Valley and Eldorado Scioto Downs, both of which dropped off more than $1 million from last month’s totals. Scioto Downs, typically the state’s second highest earner, fell to third after a good month for Miami Valley Gaming.
|Racino||November 2022 Net Revenue (in millions)||October 2022 Net Revenue (in millions)||November 2021 Net Revenue (in millions)|
|MGM Northfield Park||$22.9||$23.3||$21.3|
|Miami Valley Gaming||$18.4||$18.8||$16.9|
|Eldorado Scioto Downs||$18.3||$19.3||$17.4|
|JACK Thistledown Racetrack||$14.1||$14.6||$14.3|
|Hollywood Mahoning Valley||$12.6||$14.0||$11.7|
|Belterra Park Thoroughbred Track||$6.7||$6.6||$7.5|
Despite the month-to-month dropoff, November racino revenues pushed year-to-date racino revenue totals above 2021, which they drew even with last month.
- January-November 2021 total revenue for racinos: $1.214 billion
- January-November 2022 total revenue for racinos: $1.218 billion
- Percent increase: .4%
Ohio casinos and racinos licensed for sports betting
All 11 Ohio casinos and racinos have sports betting partnerships and will look to capitalize on the Jan. 1 sports betting launch. While opening dates for retail sportsbooks in each casino/racino have not been confirmed, Ohioans in every corner of the state will have a major retail outlet at their disposal.
In addition, the massive Ohio kiosk market will add nearly 1,000 betting kiosks in grocery stores, gas stations, sports bars, restaurants across the state. With a huge kiosk industry, bettors who prefer a retail option will have no shortage of options to place a bet while filling up their car or having a beer at the bar.
How this will ultimately impact casino and racino revenue is unclear, but PlayOhio will continue to track those earnings into the coming year.