Ohio Racinos See Slight Downtick In June Revenue But Remain Ahead Of 2022

Written By Mike Breen on July 7, 2023 - Last Updated on July 10, 2023
Ohio Racino Revenue

Ohio racinos made $110,748,080 in revenue in June, a slight drop from May’s revenue, according to figures released July 7 by the Ohio Lottery Commission.

June marks the third straight month of revenue decline at Ohio’s seven racinos since setting an all-time monthly record in March when $125.2 million in revenue was reported. 

June’s $110.7 million Ohio racino revenue is the lowest monthly revenue posted in 2023. Still, many racinos are seeing higher handle and revenue numbers compared to last year. 

Racino revenue still up slightly over last year’s numbers

Ohio’s racinos saw revenue drop 3.9% from May to June this year. In 2022, the racino revenue decrease from May to June was 6.3%.

This June’s revenue was a 2.8% increase over June 2022’s numbers. 

Though an increase, that’s a year-over-year cool down compared to the racinos’ performance to start 2023. In January, racino revenue saw a 16% year-over-year increase, while there was a 10.4% increase in February

April saw a 3.8% YoY decrease, but since then monthly revenue numbers have been slightly higher than the same period in 2022. May revenue numbers increased just .3%year-over-year. 

Ohio racino total revenue

  • June 2023: $110,748,080
  • May 2023: $115,273,150
  • June 2022: $107,652,523

In the first six months of 2023, Ohio racino revenue has increased 4% compared to the first six months of last year. 

  • January-June 2023: $694,488,055
  • January-June 2022: $667,459,167

Majority of racinos posted higher year-over-year revenue in June

For the sixth straight month, Miami Valley Gaming (located between Cincinnati and Dayton) held on to the No. 2 spot in terms of Ohio racino revenue, coming in behind the dominant Cleveland-area MGM Northfield Park

Recent expansions at Miami Valley Gaming, which has the most slot machines of any Ohio casino or racino, helped it move into the second position in the state, bumping Columbus’ Eldorado Scioto Downs to third, where it remained in June. 

Unlike in May, when only MGM Northfield Park and Miami Valley Gaming posted year-over-year growth, June’s figures showed that the majority of Ohio’s racinos saw YoY increases. 

Miami Valley saw the biggest YoY growth, increasing revenue by $2.1 million over last June.  MGM Northfield Park revenue was up about $1.2 million

JACK Thistledown Racetrack in North Randall, Ohio (near Cleveland) had about a $600,000 increase over June 2022, while Youngstown-based Hollywood Mahoning Valley’s YoY increase was around $400,000

Eldorado Scioto Downs’ June revenue was down $168,000 compared to last June. Hollywood Gaming at Dayton Raceway saw about a $300,000 YoY decrease, while Cincinnati racino Belterra Park’s June revenue was down around $700,000year-over-year.

Ohio RacinoJune 2023May 2023June 2022
MGM Northfield Park$24.7$25.6$23.5
Miami Valley Gaming$19.3$20.2$17.2
Eldorado Scioto Downs$18.4$19.7$18.5
JACK Thistledown Racetrack$15.7$15.7$15.1
Hollywood Mahoning Valley$13.5$13.7$13.1
Hollywood Dayton$12.0$12.9$12.3
Belterra Park$6.9$7.4$7.6

Ohio casinos, sports betting have also been trending down

Summer is a slower time across gambling markets, and Ohio’s casinos and sportsbooks are following similar downward trends.

Ohio’s casinos, which differ from racinos by offering live dealer tables alongside video slot machines (and, of course, don’t offer live horse racing), have also seen revenue numbers dip after posting record-breaking numbers in March. 

Ohio’s four casino properties, which are regulated by the Ohio Casino Control Commission (the entity that also reports monthly revenue figures), generated $80.6 million in revenue in May, a nearly $6 million decrease over April.

The casinos’ May revenue (the most recent numbers available from the OCCC) was a 7% decrease from May 2022. Only one of Ohio’s casinos — Hollywood Casino Columbus— saw a year-over-year revenue increase in May. 

Ohio’s sports betting numbers have also declined following a gangbusters start with the state’s Jan. 1 launch. The sports betting handle was $446 million in May, a 15% decline from April. Previously, the state’s overall sports betting volume fell 30% from March to April.

June’s casino and sports betting revenue reports will be released by the OCCC in late July. 

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Mike Breen

Mike Breen covers Ohio’s budding sports betting industry for PlayOhio, focusing on online sportsbooks and the state’s responsible gambling initiatives. He has over two decades of experience covering sports, news, music, arts and culture in Ohio.

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