Ohio casinos see better July, but MGM still not on its feet
Almost all of the state’s gambling houses are doing better each month
Ohio is one of the many states that accepts gambling as a means to improve its economy. It seems to be working so far, as the local market saw its gross gaming revenue (GGR) increase by 2.3% last month compared to July 2018. They took in $162.2 million and almost all of the gambling houses are looking better. Almost, because one seems to not be able to find its footing.
Jack Casino in Cleveland and Jack Thistledown Racino led the state with the largest GGR percentage growths in July. Jack Casino was up 7.3% to $17.1million and Thistledown was up 15.3% to $12.3 million. Hollywood Columbus and Hollywood Toledo also helped, with Toledo adding $400,000 to its July 2018 revenue and Columbus adding $500,000. They earned $19.4 million and $17.2 million, respectively.
It’s a good sign for the state and could mean that sports gambling is on its way to becoming legalized. This isn’t expected to happen during the current legislative year as lawmakers continue to drag their feet, but they are most likely beginning to come around. Ohio has four states around its borders and two – West Virginia and Pennsylvania – already offer sports gambling. In order to prevent gambling dollars from leaving the state, Ohio has to consider legalizing sportsbooks to help boost its own revenue.
Ohio’s overall market improved 2.3% last month, which is made even more pointed by the fact that MGM is struggling. The MGM Northfield Park can’t seem to find its rhythm and its GGR dropped by 5.8% year on year. That revenue was $21.2 million and marks the third time in the past four months that the venue is not able to outperform last year’s numbers during the same months.