Ohio’s four casinos saw a small jump in month-over-month revenue in July. However, it is also a slight year-over-year decline.
According to numbers released by the Ohio Casino Control Commission, Ohio casinos won $85.9 million from gamblers in July. That’s up from the $82.8 million the properties won in June but down from the $88.7 million from July 2022.
After a 2023 low of $80.6 million in May, this is the second straight month with a revenue increase. Through the first seven months of 2022, Ohio’s brick-and-mortar casinos won just shy of $598 million.
Hollywood Columbus Casino is the top earner in July
Of the four casinos, the Hollywood Casino in Columbus generated the most revenue, winning $23.1 million. Hollywood Casino won $4.8 million from its table games and $18.3 million from slot machines.
The ratio between slot revenue and table game revenue was slightly larger than other casinos in the state. The outsized slot revenue was the main difference between Hollywood Columbus and the rest of the pack.
Jack Casino in Cleveland generated more table game revenue than the Columbus casino with nearly $8.9 million. But the slot revenue only totaled $13.2 million.
Hard Rock Casino in Cincinnati also outpaced Hollywood in table games. But also failed to come close to the slot machine revenue.
Here’s the breakdown from each casino.
Casino | Table Game Revenue | Slot Revenue | Total |
---|---|---|---|
Jack Casino Cleveland | $8,876,187 | $13,200,588 | $22,076,775 |
Hollywood Casino Columbus | $4,834,463 | $18,331,236 | $23,165,699 |
Hard Rock Casino Cincinnati | $6,717,544 | $14,272,598 | $20,990,142 |
Hollywood Casino Toledo | $2,688,949 | $17,029,014 | $19,717,963 |
Totals | $23,117,143 | $62,833,436 | $85,950,579 |
Even with addition of sports betting, Ohio casinos on track for $1 billion in 2023
Last year, the four properties barely cracked the $1 billion mark in total casino revenue. But that was without sports betting.
Sports betting launched at the start of 2023, and the Ohio market has been a smashing success. Even with the addition of online and retail sports betting, the Ohio casino industry is on pace to match last year’s numbers.
The four casinos are averaging $85.4 million worth of revenue on a monthly basis. Assuming that the level of gambling stays constant, it equates to a $1.025 billion year in 2023. Based on previous years, there’s no reason to think these levels aren’t held.
In other words, it appears the casino market and the sports betting market has very little overlap. There doesn’t appear to be any cannibalization of the casino market with the addition of sports betting.
Here’s the month-by-month breakdown in 2023.
Month | Table Game Revenue | Slot Machine Revenue | Total |
---|---|---|---|
January | $26,223,854 | $59,846,504 | $86,070,358 |
February | $23,530,058 | $59,068,458 | $82,598,516 |
March | $26,733,214 | $66,742,350 | $93,475,564 |
April | $23,986,214 | $62,509,881 | $86,496,095 |
May | $22,079,752 | $58,495,571 | $80,575,323 |
June | $24,161,432 | $58,649,910 | $82,802,342 |
July | $23,117,143 | $62,833,436 | $85,950,579 |
YTD | $169,831,667 | $428,137,110 | $597,968,777 |