Revenue For Casinos, Racinos Off For A Third Straight Month In Buckeye State

Hollywood Casino Toledo's gambling revenue suffers largest decline of $5.1 million in June, compared to June 2021.
Facebook
Twitter
LinkedIn
Email

Gambling revenue declined for a third straight month in the Buckeye State in June.

Ohio’s casinos and racinos totaled $189.1 million for the month, off $7.7 million from the gambling revenue brought in for June 2021, according to Ohio Casino Control Commission and Ohio Lottery Commission reports.

The state’s four casinos brought in $81.5 million in gambling revenue for June, down $3.2 million from the $84.7 million brought in by the four casinos in June 2021. Meanwhile, the state’s seven racinos brought in $107.6 million in gambling revenue, off from $112 million a year earlier.

Gambling revenue represents the money that casinos and racinos maintain after paying out winnings, but before state taxes and fees and other costs are taken into account.

Despite the  decline over the last three months, Ohio’s gambling revenue total for the year is still ahead of this time a year ago when Ohio went on to finish the year with a record total of $2.3 billion in gambling revenue. The first half of 2022 has generated $1.17 billion, compared to $1.15 billion in January-June 2021. Last year’s numbers were achieved even through part of the year included restrictions on the casinos and racinos due to COVID-19 concerns.

Among the casinos, only Hard Rock Casino Cincinnati showed a slight June gain compared to a year ago, $20.4 million instead of $19.3 million.

Gambling revenue in June for JACK Cleveland Casino ($21.7 million), Hollywood Columbus ($21.1 million), and Hollywood Toledo ($18.1 million) were all down from their totals in June 2021. Hollywood Toledo recorded the largest decline from a year ago, with $5.1 million less.

Among the racinos, MGM Northfield recorded the only gain in gambling revenue for June, with its $23.5 million last month slightly more than a year ago.

Ohio totaled $202 million in gambling revenue in May and $215.6 million in April.

Facebook
Twitter
Email

Related Posts