Ohio casino revenue grew again in January, the second month in a row that Ohio casinos reported revenue increases, following a dip in November.
January’s total revenue of over $86 million starts 2023 off strong after December’s relatively weak numbers compared to previous years.
Ohio casinos off to a good start in 2023
The past two months’ revenues could be a sign of a rebound for Ohio casinos after a relatively lackluster 2022 barely surpassed the previous year’s total. Still, Ohio was able to set a new record in 2022 with $1 billion in annual casino revenue.
Ohio casino statewide revenue:
- Jan. 2023: $86,070,358
- Dec. 2022: $83,804,210
- Jan. 2022: $75,621,788
January revenues show an increase of almost $2.3 million over the previous month. That number represents 2.7% month-over-month growth.
Compared to last January, casinos brought in $10.4 million more this year for an increase of 13.8%.
JACK Cleveland Casino dips but stays on top
Two casinos saw only a marginal change in their monthly revenue. JACK Cleveland Casino saw a decrease of over $500,000, while Hollywood Casino Toledo gained about the same amount versus last month.
Hard Rock Cincinnati saw the largest MoM increase, taking in $1.4 million more than December.
JACK Cleveland performed the best in terms of YoY growth. JACK’s revenue increased almost $5 million over last January. Hollywood Casino Columbus also showed impressive YoY growth with a $2.7 million increase.
JACK Cleveland narrowly remains the highest-revenue Ohio casino, over Hollywood Columbus and Hard Rock Cincinnati.
Ohio casino revenue (in millions):
| Casino | January 2023 | January 2022 | December 2022 |
|---|---|---|---|
| JACK Cleveland | $23.0 | $18.3 | $23.6 |
| Hollywood Columbus | $22.7 | $20.0 | $21.8 |
| Hard Rock Cincinnati | $21.7 | $20.2 | $20.3 |
| Hollywood Toledo | $18.7 | $17.2 | $18.2 |
| Total | $86.1 | $75.6 | $83.8 |
How did the first month of Ohio sports betting boost revenue?
January was the first month that Ohio casino revenue includes money made by offering sports betting. Across the various platforms in the state, Ohio sportsbooks reported $1.1 billion in handle in the first month.
After paying winners, promotions, etc, total sports betting revenue was $208.9 million. However, most of the revenue went to Ohio’s 16 online sportsbooks. The popular apps and websites made up $205.7 million of that revenue. Retail sportsbooks comprised the remaining $3.2 million.
Fourteen retail sportsbooks across the state have their hand in that till, so Ohio’s four casinos aren’t likely seeing a huge boost directly from sports betting profits. However, the on-site sportsbooks, which include bars and restaurants, serve as added amenities that likely draw more patrons to the casinos.
Ohio January sports betting revenue:
- Ohio online sportsbooks: $205,694,761
- Ohio retail sportsbooks: $3,226,581
The following sportsbooks have partnered with Ohio casinos:
- JACK Cleveland Casino: BetJACK Sportsbook
- Hollywood Casino Toledo: Barstool Sportsbook
- Hollywood Casino Columbus: Barstool Sportsbook
- Hard Rock Casino Cincinnati: Hard Rock Sportsbook
Racino revenue also grew in January
Ohio’s racinos experienced similar growth over last year’s January revenue. Racinos took in almost 16% more revenue than the same month last year. Compared to the previous month, revenues were up $1.6 million for an increase of 1.4%. January was the third month in a row that Ohio racinos showed increased revenue.
Seven of Ohio’s racinos have also partnered with retail sportsbooks to offer sports betting on site. They are:
- JACK Thistledown Racino: BetJACK Sportsbook
- MGM Northfield Park: BetMGM Sportsbook
- Scioto Downs: Caesars Sportsbook
- Miami Valley Gaming: MVGBet Sportsbook
- Hollywood Gaming at Dayton Raceway: Barstool Sportsbook
- Hollywood Gaming at Mahoning Valley: Barstool Sportsbook
- Belterra Park: FanDuel Sportsbook
