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Home » Ohio Casinos and Racinos Achieve Record November Revenue, Surpassing $186.1M

Ohio Casinos and Racinos Achieve Record November Revenue, Surpassing $186.1M

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Ohio casinos witnessed a historic high in gross gaming revenue (GGR) from both slot machines and table games, totaling over $186.1 million in November. The state is home to four prominent casinos operating a combination of slots and table games, as well as seven racinos exclusively offering slots, technically classified as video lottery terminals (VLTs) and other games operated on behalf of the Ohio Lottery.

November’s revenue of $186.1 million set a new record, surpassing the previous high of $183.6 million achieved in 2022.

The four leading casinos, namely Jack Cleveland, Hollywood Toledo, Hollywood Columbus, and Hard Rock Cincinnati, collectively secured $80.4 million in revenue. Operating 6,127 slot machines and 363 table games throughout the month, they experienced a year-over-year growth of more than 2%.

The racinos, with a total of 10,312 video lottery terminals, reported a revenue of nearly $105.7 million, marking a minor increase of less than 1% from November 2022. However, it also marked the fourth consecutive month-to-month decline in VLT revenue since July, when the racinos recorded earnings exceeding $117.5 million.

Anticipated Casino Record

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With one more month of gaming revenue yet to be reported and the Ohio Casino Control Commission set to reveal December casino numbers later this month, the four casino gambling the sports gambling industry is on track to establish another annual win record. In 2022, the four casinos collectively generated a record-breaking $1.005 billion in revenue.

Cumulatively, casino revenue reached $923.22 million through the first 11 months of 2023. If the casinos replicate their December 2022 performance, where they earned $83.8 million, it is likely that the industry will surpass the 2022 GGR record.

For the January-November 2023 period, Hollywood Columbus led the four-casino market, accumulating approximately $247.9 million in revenue from slots and tables. Jack Cleveland closely followed with $243.6 million, while Hard Rock Cincinnati secured $227.3 million, and Hollywood Toledo retained $204.4 million from table games.

VLTs Oversight by Ohio Lottery

Video lottery terminals (VLTs) fall under the regulation of the Ohio Lottery. During the state’s 2023 fiscal year (July ’22 through June ’23), gaming revenue from VLTs totaled $1.34 billion, reflecting a 1.75% gain from 2022. Over the initial five months of the 2024 fiscal year, VLT revenue amounted to $552.9 million, a slight increase from the $550.9 million recorded during the same period in FY23.

Successful Debut of Sports Betting

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In 2023, Ohio introduced sports betting, providing residents with a new legal avenue for sports gambling. Starting on January 1, 2023, 13 retail sportsbooks and 16 online sportsbooks commenced operations.

The inaugural year proved highly successful for the sports betting industry in Ohio. According to the state gaming regulator, Ohioans placed bets totaling nearly $6.83 billion on sports through November. A significant portion, approximately 97%, was facilitated through online platforms.

Online sportsbooks dominated the revenue generation, securing around $827.7 million during the 11-month period. In contrast, retail sportsbooks generated a win of just $20.2 million.

ESPN Bet, Penn Entertainment’s new sportsbook, gained substantial market share among sports betting alone in Ohio following its launch on November 14 in partnership with Hollywood Columbus. In slightly over two weeks of operation, the online sportsbook accepted over $70.8 million in bets, with $29 million attributed to promotional funds. The sports betting book reported revenue of $12 million during this period.

Frequently Asked Questions (FAQs) About Ohio Casinos

How many casinos are there in the state of Ohio?

There are a total of four casinos gambling in the state of Ohio. These casino games are Jack Cleveland, Hollywood Toledo, Hollywood Columbus, and Hard Rock Cincinnati.

Which casinos in Ohio have table games?

All four casinos in Ohio, namely Jack Cleveland, Hollywood Toledo, Hollywood Columbus, and Hard Rock Cincinnati casinos, have a variety of table games along with other games and slot machines.

Are Ohio casinos smoke-free?

Smoking policies may vary by casino, but as of now, Ohio casinos do allow smoking in designated areas. It’s advisable to check the specific smoking regulations at the respective casino you plan to visit.

Can you play online slots for real money in Ohio?

No, as of now, Ohio does not have legalized and regulated online or casino games or gambling, including online slots for real money. However, it’s essential to stay updated on any changes in the state’s own casino gambling and regulations, as laws can evolve over time.

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