Ohio Casinos and Racinos report revenue growth for the 2021 start

Are Ohio Casinos On The Way Back?

After a year 2020 marked by pandemic-related closings and the associated decline in sales, all but one of the eleven gaming companies in the state of Buckeye recorded a slight increase in sales in January 2021 compared to the previous month.

Total gaming revenue for the state was $ 153.331 million in January – $ 88.495 million of which came from seven racinos with video lottery terminals and $ 64.866 million from four retail casinos. That number rose from $ 115.338 million in December, but from the record of $ 167 million in January 2020 that the eleven facilities raised.

Only one gaming facility in Ohio saw a monthly decline in revenue – Hollywood Toledo Casino, which grossed $ 18.011 million in January 2021, compared to $ 20.495 million in December 2020. That decrease is likely due to the Detroit casinos reopening in late December traced throughout the state line in Michigan. Hollywood Toledo still had the highest revenue of any casino in Ohio.

Hollywood Columbus reported $ 17.957 million in revenue in January, the highest number since October 2020, according to figures from the Ohio Casino Control Commission. JACK Cleveland reported sales of $ 16.525 million in January, also the highest figure since last October. Hard Rock Cincinnati had sales of $ 12.371 million in January, the highest since November.

Ohio Racino revenues rise from December

January was also a better month for the state’s seven racinos – horse racing tracks with video lottery terminals – whose total revenue increased from $ 88.458 million from $ 72.711 million in December 2020. MGM Northfield Park led the way with $ 17.9 million in January The Ohio Lottery reported $ 14.1 million in the previous month.

Eldorado Gaming Scioto Downs in Columbus posted revenues of $ 15.4 million in January, up from $ 12.7 million in December. Miami Valley Gaming, Lebanon, posted revenues of $ 13.7 million in January, up from $ 11.9 million in the previous month. JACK Thistledown in Cleveland had sales of $ 13.3 million in January, compared to $ 10.5 million in December.

Hollywood Mahoning Valley in Youngstown improved from $ 8.3 million in December to $ 10.7 million in January, and Hollywood Dayton rose from $ 8.3 million to $ 10.6 million. Belterra Park in Cincinnati rose from $ 5.6 million to $ 6.6 million in the same period.

Recovery from a rough year 2020

For the four Ohio casinos, the improved January numbers after 2020 were a necessary boost, resulting in a $ 207 million decline in total revenue compared to 2019. Casino revenue in the state of Buckeye comes from slot machines and table games that have been shut down as retail gaming facilities in Ohio and across the country closed in March due to the coronavirus pandemic.

Ohio casinos were closed through April and May. When it reopened on June 19, protocols were put in place that limited capacity to 50 percent, reduced operating hours, and reconfigured game days to improve social distancing. These measures reduced the number of available gaming tables in the four casinos from 69 to 50 and the number of slots from almost 2,000 to around 1,200, according to the state casino control commission.

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