After a strong start to the year, Ohio racinos leveled off in the summer and ultimately netted just under $1.33 billion in revenue at year’s end.
The strong start set the racino industry to outpace 2021, but that pace faded and total revenue for 2022 effectively mirrored last year’s revenue totals.
- Total racino revenue 2022: $1.327 billion
- Total racino revenue 2021: $1.326 billion
- Percent increase year-to-year: .07%
Strong December kept racinos on pace with 2021 totals
For the second month in a row, Ohio racinos posted strong numbers, earning $109.2 million in revenue for the state. That represents a 3.8% increase over November’s $105.0 million. However, it comes in 2.7% below December 2021’s $112.3 million.
MGM Northfield Park, the state’s top earner, had the best month-over-month increase, coming in $1.3 million over November’s totals. Scioto Downs Racino also posted over a $1 million monthly increase and reclaimed its position as the state’s second-most earning racino. Belterra Park, the state’s lone thoroughbred track, was the only racino that failed to match or surpass its November 2022 totals.
|Racino||December 2022 Net Revenue (in millions)||November 2022 Net Revenue (in millions)||December 2021 Net Revenue (in millions)|
|MGM Northfield Park||24.2||$22.9||$23.0|
|Eldorado Scioto Downs||$19.4||$18.3||$19.0|
|Miami Valley Gaming||$19.3||$18.4||$19.2|
|JACK Thistledown Racetrack||$14.6||$14.1||$16.7|
|Hollywood Mahoning Valley||$13.2||$12.6||$12.8|
|Belterra Park Thoroughbred Track||$6.3||$6.7||$8.0|
Ohio Casino Control Commission adjusts casino revenue report schedule
Perhaps to coincide with the cycles of the state’s new sports betting market, Ohio casino revenue reports published by the Ohio Casino Control Commission (OCCC) will now be reported at the end of the month instead of at the beginning. The Ohio Lottery, which publishes the racino reports at the start of the month, has yet to adjust its schedule.
Thus, December casino revenue reports will be released on Jan. 31. The state’s first sports betting revenue reports will be released at the end of February, per Jessica Franks, OCCC communications director.
Racinos celebrate Ohio sports betting launch
All seven of Ohio’s racinos are licensed to open retail sportsbooks at their locations. Each is partnered with a sportsbook on the branding and marketing of the new spaces:
- JACK Thistledown (betJACK Sportsbook)
- MGM Northfield Park (BetMGM Sportsbook)
- Scioto Downs (Caesars Sportsbook)
- Hollywood Gaming Dayton Raceway (Barstool Sportsbook)
- Hollywood Gaming at Mahoning Valley (Barstool Sportsbook)
- Miami Valley Gaming (MVGBet Sportsbook)
- Belterra Park (FanDuel Sportsbook)
Retail sportsbooks are not expected to be a major part of Ohio’s $8 billion annual sports betting market, as nearly 80% of bettors plan to use an online sportsbook over a lottery kiosk (24.8%) or retail sportsbook (20.8%).
Still, these new spaces and betting options are welcome additions to Ohio casinos and racinos, most of which have invested in their brick-and-mortar offerings, updating their bar areas and adding betting kiosks, odds boards, TVs, seating and other amenities.
21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER