Ohio casinos see more gains in August
The local casino industry has been on a roll for the past two months
July was kind to almost all of Ohio’s casinos, with the exception of MGM Northfield Park. The state’s gambling industry reported year-on-year gains in gross gaming revenue (GGR) of 2.3% with a take of $162.2 million, and they proved it wasn’t just a fluke by following the increases up with additional gains last month.
Ohio’s casinos and racinos took in $164.3 million last month, a year-on-year increase of 4.2%.
The casinos were responsible for $71.4 million of the operations, while the racinos saw $92.9 million. GGR for the racinos saw the biggest increase – 6.3% – and the casinos reported a 1.6% year-on-year climb.
Like July, MGM Northfield saw its GGR drop in August. It fell 3.2% after the previous month’s 5.8% decrease; however, the property managed to find positive footing, as its gaming win increased to $20.7 million.
Hollywood Columbus saw the biggest gains with $19.1 million, followed by JACK Cleveland with $18 million.
Next was Hollywood Toledo with $17.2 million and JACK Cincinnati picked up $17.1 million. The latter was the only casino to see its monthly win decline in August.
Next summer’s figures could be even better. Work is now underway to bring sports gambling to Ohio and, if it happens, the casinos are ready to benefit. There is still a lot of work to be done, starting with the creation of a Sports Gaming Advisory Board. That board still has to be put in place and this can’t be done until lawmakers give their approval. It may happen soon, but expectations of sportsbooks coming to the Buckeye State before the end of the year are not very realistic.