Ohio file on line casino & racino income in January
Playing in Ohio is extra common than ever, judging by latest outcomes. The income has been recorded in racinos and casinos in Ohio throughout January. Sports betting outcomes aren’t included on this report, so the income is even greater than we all know thus far.
The file is damaged:
Ohio’s On line casino and Lottery Commissions announced that the casinos earned $196.8 million in January. In 2022, the January income was $171.2 million.
The income of 11 Ohio casinos is what’s left to them after paying winnings, however earlier than taxes and charges that they’re required to pay to the state.
Casinos that possess licenses for slot machines and blackjack, and different desk video games earned $86.1 million. Final 12 months, these 4 casinos earned $75.6 million. Racinos which have slot machines earned $110.7 million, and final January, that quantity was $95.6 million. There are seven racinos within the state.
JACK Cleveland On line casino, JACK Thistledown, and MGM Northfield, casinos that belong to the Cleveland-Akron market, earned $62.2 million throughout the first month of the 12 months. Final 12 months, the income was $51.7 million.
Every of the 11 playing properties within the state broke its personal records and earned extra money than final 12 months.
The explanation for the will increase can doubtless be attributed to the regulation of sports activities playing in Ohio. With its legalization, sports activities playing began counting individually from different playing sorts, but it surely helped enhance the general enterprise.
The details about casinos:
Individuals are nonetheless extra all for desk video games and slots than they’re in land-based sports activities books. It confirmed the instance of JACK Casino in Cleveland, which gained $23 million from desk video games and slot machines, and its sportsbook earned $270.000. The same state of affairs is in every single place throughout the state.
JACK Thistledown Racino earned $14.8 million, and final January; the income was $13.3 million. Hollywood Columbus introduced in about $23 million and final 12 months the quantity was $19.9 million Laborious Rock On line casino Cincinnati earned $21.7 million, and final January, it was $20.2 million
The state of affairs is analogous in Hollywood Toledo, the place the income was $18.7 million, and final 12 months it was $17.1 million. MGM Northfield Park had a terrific improve in income – at $24.4 million this January, a lot greater than the $20.2 million from the earlier 12 months.
Hollywood Mahoning Valley noticed a rise of greater than $2 million from Jan 2023’s reported $13.6 million from the earlier 12 months’s $11.1 million. Scioto Downs additionally noticed a rise, going from $17.3 million in Jan. final 12 months to simply greater than $19 million the identical time this 12 months.
Miami Valley Gaming had an even bigger improve, going from $15.6 million in income final 12 months to $19.4 million in 2023.
The smallest improve in income was reported for Belterra Park and Hollywood Dayton, with the former reporting $6.4 million in 2022 versus $6.7 million in Jan this 12 months, whereas the latter earned $11.6 million in 2022 and in 2023 $12.7 million.