October Marks Worst Month Of 2023 For Ohio Racinos

Written By C.J. Pierre on November 15, 2023 - Last Updated on January 9, 2024
A picture of declining arrow sizes for a story about how October was the worst month for Ohio racinos in 2023.

Ohio racinos saw yet another dip in monthly revenue. In October, those facilities won $108.4 million from gamblers who played $1.2 billion in credits on VLT machines.

This marks the third straight month racino revenues have dropped from the month prior. Ohio racinos won $108.8 million from gamblers in September. That’s only a decrease of about $400,000. However, it is a sign of a developing trend.

Unlike the traditional Ohio casinos, the Buckeye state’s seven racinos only offer slot machines and horse racing through live racetracks and simulcast betting. Another major difference is that racinos are regulated by the Ohio Lottery Commission, not the Ohio Casino Control Commission.

Ohio racino revenue continues to fall

The October 2023 figure shows a consistent drop in Ohio racino revenue. The $108.4 million won by racinos in October is the lowest earning month of the year so far. It marks a $630,000 decrease in year-over-year net winnings. It is also the lowest earning month since November 2022.

Ohio racinos continued the downward revenue trend seen over the last two months. However, unlike the same seasonal trend we saw through the third quarter of last year, there was no upswing this October like we saw in 2022. The hope is that things will pick up around the holidays.

MGM Northfield Park rebounds

MGM Northfield Park was one of two Ohio racinos to report an increase in revenue from September to October. The property won $24.4 million from gamblers in October, a 7.1% increase month-over-month.

Northfield Park rebounded after a dip in September revenue following a cyberattack that targeted its parent company, MGM Resorts. The attack affected computer systems at all 19 of MGM’s United States properties, causing minor issues at the Cleveland area racino.

Hollywood Gaming at Mahoning Valley Race Course was the only other racino in the Buckeye state to see an increase in revenue over the past month. However, in this case, the increase was minuscule. The property won $13.4 million from gamblers in October, which was only a 1.9% increase from September’s $13.1 million.

The rest of the racinos in Ohio all saw dips in the business, with the biggest drop in revenue reported by Miami Valley Gaming, whose revenue declined by over $800,000.

Ohio Racino revenue comparison

Ohio RacinoOctober 2023 Net WinningsSeptember 2023 Net WinningsOctober 2022 Net Winnings
MGM Northfield Park$24.4 Million$22.8 Million$23.3 Million
Miami Valley Gaming$18.6 Million$19.4 Million$18.8 Million
Eldorado Scioto Downs$17.6 Million$18.2 Million$19.2 Million
JACK Thistledown Racetrack$14.6 Million$15.4 Million$14.6 Million
Hollywood Mahoning Valley$13.4 Million$13.2 Million$13.9 Million
Hollywood Dayton$12.7 Million$12.9 Million$12.4 Million
Belterra Park$6.8 Million$6.9 Million$6.6 Million
Total$108.4 Million$108.8 Million$109 million
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C.J. Pierre

C.J. Pierre is a Lead Writer at PlayOhio. He has been covering news and sports for over a decade for both online and TV broadcasts. He was born and raised in Minneapolis, MN and is an alum of Minnesota State University: Moorhead. He recently dove into tribal casino, sports betting and online gambling news. He also covered the launch of sports betting in Arizona. C.J. has experience as a reporter and videographer and has covered high school, college and professional sports throughout his career, most notably following Arizona Cardinals, Phoenix Suns, Minnesota Vikings and North Dakota State University football.

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