The four Ohio casinos and seven Racinos combined made just over $ 211 million in revenue for July, just below state records but continued to be strong in 2021.
Buckeye State casinos combined grossed $ 90,507,449 for the month, topping $ 90 million for the third time this year. Also, these are the only times Ohio casinos have combined for that much revenue. The state set a record of $ 91.6 million in March and broke that record again in April with $ 92.6 million in revenue at the four casinos.
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The Racinos (slots on racetracks) in Ohio grossed $ 120,690,178 in net income (i.e., revenue) for July, according to financial results released by the Ohio Lottery on Monday. The seven racinos in the state combined topped $ 120 million for the fourth time in five months, making these months the four best in state history.
In total, the 11 facilities raised $ 211,197,627, about $ 6 million less than the record high of $ 217 million in April, but about $ 14.4 million more than the $ 196.8 million Dollars made by the state in June.
Breakdown of July Earnings
Hard Rock Cincinnati Casino had revenues of $ 21,518,481 in July, breaking a record of $ 21,280,100 set in April, according to figures from the Ohio Casino Control Commission.
Hollywood Columbus was the top casino of the month at $ 24 million, ahead of JACK Cleveland ($ 23.6 million). Hard Rock Cincinnati came third, closely followed by Hollywood Toledo for nearly $ 21.4 million.
As for the Racinos, Miami Valley in the city of Lebanon had sales of $ 19.46 million in July, just under $ 272,000 of the asset record set in May. Several other Racinos had less than $ 1 million less than a monthly record to set.
MGM Northfield (formerly known as Hard Rock Rocksino) led all Ohio racinos for the month with sales of $ 24,753,306.
Sports betting update for Ohio
The Ohio sports betting process essentially takes the summer off.
Ohio lawmakers attempted to pass a law legalizing sports betting in the state by June 30, but couldn’t get the legislation moving fast enough. The legislature is on hiatus for the summer and will meet again on September 15 when supporters say they will try again.
The whole process was complicated in Ohio. And while Buckeye State is still in the deliberative process, neighboring states of Michigan, Indiana, West Virginia, and Pennsylvania have generated tens of millions in legal sports betting revenue each month. Of these four states, all but Indiana also have iGaming, which is an even more lucrative source of income every month.