Summary
- The venues earned $2.33 billion in 2022
- The year beat out 2021 by around $2.3 million.
- The record setting earnings come as the state launches sports betting.
The casinos and racinos of Ohio are doing well. The venues reported over $2.3 billion in earnings for 2022, defeating the 2021 earnings by around $2.3 million.
December marked the end of the year of course, but it was also the last time that the state would offer only slots, table games, and poker. Sports betting was legalized in 2023 and will provide even more revenues to the overall earnings total.
2022 Casino and Racino Earnings
The Ohio Casino Control and Lottery Commission reported the findings this week, showing that just over $2.3 billion was kept by operators after wins were paid. Casinos earned just over $1 billion for the year and the racinos generated more than $1.33 billion.
The gambling venues in Ohio have been on a roll as of late. The providers have been able to hit new record highs in ten out of the past eleven years. The only difference was in 2020 and we all know that was due to the COVID-19 outbreak.
When it comes to individual revenue breakdowns, Hollywood Columbus was the big winner. The casino brought in over $263 million, a big jump from the $259 million from 2021. JACK Cleveland Casino came in next, with $262 million in earnings, beating its $257 million from last year.
Hard Rock was up too, bringing in $251 million for the Cincinnati casino. This was a big increase from the $228 million from 2021. Hollywood Toledo was the only casino to see a decrease, with $227 million in earnings. This was much lower than the $237 million from 2021.
Racino’s Results Were Mixed
For the racinos, the results were a mixed bag for the year. Some were up while others were down. The big winner was MGM Northfield Park, generating over $285 million. The venue earned just over $273 million in 2021. Next up was Scioto Downs, bringing in over $234 million, an increase from $230 million.
Hollywood Mahoning Valley was also doing well, earning $159 million, barely squeaking past the $158 million from 2021. Miami Valley Gaming saw an increase too, moving from $212 million in 2021 to $224 million.
Belterra Park, Hollywood Dayton and JACK Thistledown Racino all saw a decrease in earnings. Hopefully this year will be different and the venues will be able to see a turnaround in earnings.
Sports betting will be added in this year and that will certainly help boost any gaming venue that offers services for the 2023 year as long as the sportsbooks abide by regulations with Caesars Sportsbook fined last month.
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