Ohio Exceeds $211M For Casino & Racino Revenue in July
The four casinos and seven racinos in Ohio combined to make a bit more than $211 million in revenue for July, just short of state records but continuing a strong 2021.
The casinos in the Buckeye State combined to pull in $90,507,449 for the month, the third time this year they have exceeded $90 million. Those are also the only times Ohio casinos have combined for that much revenue. The state set a record at $91.6 million in March, then broke that record again in April with $92.6 million in revenue at the four casinos.
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The racinos (slots at racetracks) in Ohio combined for $120,690,178 in net win (i.e. revenue) for July, according to financial figures that the Ohio Lottery posted on Monday. The seven racinos in the state combined to exceed $120 million for the fourth time in five months, making those months the top four in state history.
In all, the 11 facilities raked in $211,197,627 combined, about $6 million shy of the record $217 million in April but about $14.4 million more than the $196.8 million the state made in June.
Breaking Down July Revenue
The Hard Rock Cincinnati Casino drew $21,518,481 in revenue for July, breaking a record set in April of $21,280,100, according to figures posted by the Ohio Casino Control Commission.
Hollywood Columbus was the leading casino for the month at $24 million, edging JACK Cleveland ($23.6 million). Hard Rock Cincinnati was third, followed closely by Hollywood Toledo at nearly $21.4 million.
As for the racinos, Miami Valley in the town of Lebanon drew $19.46 million in revenue for July, coming within $272,000 of the facility record set in May. Several other racinos were less than $1 million short of setting a monthly record.
MGM Northfield (formerly known as the Hard Rock Rocksino) led all Ohio racinos for the month with $24,753,306 in revenue.
Sports Betting Update for Ohio
The sports betting process in Ohio is, essentially, taking the summer off.
The Ohio Legislature was trying to get a bill passed by June 30 to legalize sports betting in the state, but could not get the legislation moving fast enough. The legislature is in recess for the summer and will convene again on Sept. 15, when advocates say they will try again.
The whole process has been complicated in Ohio. And while the Buckeye State is still in the deliberation process, neighboring states Michigan, Indiana, West Virginia and Pennsylvania have rocketed ahead by drawing tens of millions in legal sports betting revenue every month. Of those four states, all but Indiana also have iGaming, which has been an even more lucrative revenue stream each month.