Ohio Gambling Revenue Fell 10% Month-To-Month in January
Gambling revenue at Ohio casinos was down 10 percent month-to-month in January but was essentially steady year-over-year compared to January 2017. According to the latest figures released by the Ohio Casino Control Commission, casino gaming brought in $63 million to the state the first month of the year.
Ohio has four casinos and seven “racinos.” While the casinos were down one percent year-over-year in January, racino revenue was up 2.6 percent at $73.1 million from January of last year when racinos brought in $71.3 million. Racinos operate horse racing and are allowed to offer video slot machines.
The casino that took the most significant dip crossing over into the new year was Jack Cincinnati Casino. Revenue fell nearly 17 percent from $17.5 million in December to $14.6 million in January. Jack Cincinnati is also down 10 percent year-over-year compared to the $16.2 million it made in January 2017.
Their dip is likely due to heavy competition in the Cincinnati area. The other Jack Casino, located in Cleveland, was the only one of the state’s four casinos to see a year-over-year increase in revenue. Jack Cleveland made $16.5 million last month, up nine percent from January 2017’s $15.1 million. However, the casino was still down six percent in January compared to the previous month.
Hollywood Casino Toledo and Hollywood Casino Columbus, both owned by Penn National Gaming, were both down nine percent in January compared to revenue in the last month of 2017. The Hollywood Toledo remained nearly steady at $14.9 million with just a one percent dip year-over-year, while Hollywood Columbus dropped two percent to $17 million.