Ohio Sets New Record with September Revenue

Ohio Sets New Record with September Revenue

Land-based gaming operators in Ohio have set a new revenue record in September. However, the numbers are showing a slight downward trend after the initial highs after the lockdown was lifted.

Revenues cross $164 million in September

The Ohio Casino Control Commission looks after the four brick-and-mortar casinos in the state while the Ohio Lottery Commission oversees the video lottery terminals at the seven racinos. The authorities released combined figures which shows the gaming revenue crossing $164.5 million in September. This marks a 6.1% increase on a month-on-month basis.

Ohio Sets New Record with September Revenue

The casinos generated $71.9 million in September, marking a 5% month-on-month increase. The numbers were lower than August when they earned (77.4 million) and July, when the revenues were (86 million. This highlights a downward trend in land-based casinos in the state. Note that July was the first month that patrons returned to casinos after the lockdown.

The racinos also experienced a similar rise in revenue. In September, the racinos earned $92.8 million, which is 7% higher on a year-on-year basis. However, it is smaller than August’s $94.8 million and July’s $95 million. The biggest gainers amongst all operators were MGM Northfield Park with $19.9 million revenue. Hollywood Columbus Casino earned $19.3 million while the Hollywood Toledo casino earned $18.9 million.

What about online casinos?

Currently, there are no online casinos in Ohio even as 20+ states in the US have legalized sports betting and allowing online casinos to operate. The push for legalized betting is gaining momentum in the legislature but their efforts are yet to show results as the November elections are coming up.

The November/December session for the House and Senate will involve discussion of a legalized betting measure. Topics to be discussed include the number of online skins that each land-based operator can host and the question of tax rates.

Last month, Sen. Bill Coley suggested the addition of an online lottery to HB 194, which was already approved by the House in May.

sherlock

About sherlock

Sherlock Gomes loves to write and express his views on anything related to Gaming, Gambling, & Casino. He has been covering Gaming for more than two years now.

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