Ohio Casinos Set Record With Over $1 Billion In 2022 Revenue

Written By Brian Cross on February 2, 2023
Ohio Casino Revenue 2022

Ohio casinos set another revenue record for the state, bringing in over $1 billion in revenue in 2022.

The 2022 total Ohio casino revenue was an increase of 2.18% over the 2021 total.

Ohio casinos year-over-year revenue

The total 2022 revenue slightly edged the 2021 figures. Ohio started off hot, topping month-over-month figures early in the year before the revenue figures flattened out over the back half. Still, the total revenue for 2022 came out on top once again.

Total revenue 2021: $983,711,240
Total revenue 2022: $1,005,200,879
Increase: $21,489,639

December 2022 numbers were slightly behind the previous December’s, with a decrease of less than 1%.

December 2022: $83,804,210
December 2021: $84,564,055
Decrease: $759,845

Hollywood Casino Columbus was the highest earner among Ohio’s four casinos in 2022, bringing in $264.6 million.

All but one Ohio casino increased revenue in 2022

Most casinos brought in slightly less revenue in December than in the same month last year. Only JACK Cleveland Casino saw a small increase. JACK Cleveland also brought in the most revenue of any casino in December 2022, by a margin of less than $2 million over Hollywood Columbus.

Ohio casino revenue 2022 vs. 2021

CasinoDecember 2022December 20212022 Total2021 Total
JACK Cleveland Casino$23,573,827$21,697,936$262,377,836$257,412,609
Hollywood Columbus$21,780,081$22,022,461$263,619,329$259,963,250
Hard Rock Cincinnati$20,291,424$20,876,722$251,491,881$228,934,829
Hollywood Toledo$18,158,878$19,966,936$227,711,833$237,400,552

Three of the four casinos enjoyed modest revenue growth for 2022, with only Hollywood Casino Toledo falling short of the previous year’s benchmark. Hollywood Toledo’s revenue dipped $9.68 million in 2022, a decrease of 4.0%.

Sports betting should boost casino revenues in 2023

Ohio’s sports betting launch did not impact the December numbers, as the first legal day for sports betting was Jan. 1. However, all four of Ohio’s casinos plan to capitalize on the new revenue stream with their new on-site retail sportsbooks.

Sports betting revenue numbers for January will be reported by the Ohio Casino Control Commission in late February. There are reasons to expect significant revenues for Ohio sportsbook operators.

During the Ohio sports betting launch weekend, the total number of transactions by sports betting apps topped any previous state launch, according to GeoComply. GeoComply is the internet security company that tracks the location of sportsbook app users in Ohio and other states.

And Ohio is set to rank among the biggest Super Bowl betting states in the country, according to new projections from PlayOhio.

Modest growth mirrored at Ohio racinos

Racino revenues for 2022 slightly topped the previous year’s total, coming in just over $1.3 billion. The year-over-year increase was .07%. Racino revenues are reported separately from casino revenues.

  • Total racino revenue 2022: $1.327 billion
  • Total racino revenue 2021: $1.326 billion

Racinos in the state are also licensed to open retail sportsbooks in 2023. All seven have partnered with sportsbook operators to open brick and mortar locations.

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Brian Cross

Brian Cross contributes sports betting, casino and lottery coverage to PlayOhio and PlayPennsylvania. Brian studied Professional Writing and Journalism at the University of Cincinnati and has been a contributing writer at Cincinnati’s alt-weekly for over 10 years.

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