Ohio Casinos and Racinos Take $167 Million in January

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Ohio’s 11 casinos and racinos enjoyed a record $167 million in gambling revenue during January, according to the latest report distributed by the state’s Lottery and Casino Control Commission. That total set a new state mark for January for casino and racino revenue, according to Cleveland.com. The figure went up 19% over last year's $140.7 million.

That huge jump up from the prior year is an outlier compared to date from the previous years. In fact, gains have been regularly 5% or less. Since 2014, the January casino and racino revenue has been reported at $127.9 million in 2015, $134.6 million in 2016, $135.2 million in 2017, $136.1 million in 2018 and $140.7 million in 2019.

More Slots Reap Higher Revenue Totals

Slots were the big moneymaker again in Ohio. According to the latest monthly report, Ohio's four casinos combined for $48.6 million in revenue via slot machines. Table games followed at $24.6 million.

The total revenue generated by two Hollywood-operated casinos in Columbus and Toledo and two JACK-operated casinos in Cincinnati and Cleveland was $73.1 million.

The Hollywood Casino in Columbus led the way at $20.4 million; that facility has the most slot machines available in Ohio with 2,199 on the casino floor. The next closest earners were JACK Cincinnati at $18.7 million and JACK Cleveland at $18.3 million. Hollywood Toledo followed at $15.7 million.

In total, all four Ohio casinos reported higher revenue totals in January 2020 over the prior year's reporting period.

Racinos Post $94.3 million Revenue in January

The same thing happened for revenue across the state's seven racinos compared to January last year. The state's seven slots-only facilities located across the state totaled $94.3 million in January 2020, surpassing last year's $78.3 million revenue total by 20%.

Moreover, all seven racinos reported higher totals over the prior year's reporting period. The MGM Northfield Park racino saw the most action with $22.9 million in monthly revenue.

Is $1 Billion Fiscal Year Revenue Now Normal?

Such a huge start to 2020 could help Ohio racinos surpass the $1 billion mark over the next fiscal year. That happened for the first time ever back in July when the state's racinos exceeded $1 billion in video lottery terminal (VTL) revenue for the 2018-19 fiscal year, from July 1, 2018 to June 30, 2019.

According to the latest Ohio racinos report, the 2019-20 fiscal year might also be headed in that direction after posing such huge numbers in January. The current fiscal year's revenue total currently sits at $641.7 million with five months to go. The racinos previously proposed an expansion plan after surpassing $1 billion in 2019.

Last year's record total was $1.05 billion.


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WRITTEN BY
TopUsCasinos.com
Kelsey McCarson
<p>Kelsey McCarson, a veteran sports journalist who also covers boxing and MMA, writes about gambling and online casino news for TopUSCasinos.com. He has written for Bleacher Report, TheSweetScience.com and NYFights.com, and his work has appeared in USA Today, CNN and Fox Sports.</p>
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<p>Kelsey McCarson, a veteran sports journalist who also covers boxing and MMA, writes about gambling and online casino news for TopUSCasinos.com. He has written for Bleacher Report, TheSweetScience.com and NYFights.com, and his work has appeared in USA Today, CNN and Fox Sports.</p>
... Read More

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