Ohio’s casinos had their third straight revenue improvement last month
By Bob Garcia
Ohio’s gaming industry is rebounding nicely, despite casinos still being limited to 50% capacity
Ohio’s casino and racino numbers continue to be the talk of the town, and despite remaining in the midst of a pandemic, they have exceeded all expectations to this day. This is the second month in a row that the combined earnings of the 11 gaming properties in the state reported their best month ever in terms of gross gaming revenue (GGR).
March was undoubtedly a great month, but April topped the numbers even more, totaling $217.1 million, a difference of more than $1.2 million more than the previous month. It looks like Ohioans are back to their old ways and after a time when they couldn’t enjoy the casinos like they used to, they are now grabbing their money to go to the casinos to take a break from the harshness of the pandemic.
Prior to this April with incredible reports, the last time the same month had seen good profits was in 2018, when casinos and racinos won $162 million, and compared to last year’s April, it is also still a 35.5% improvement. Ohio’s four commercial casinos, Hard Rock Cincinnati, Hollywood Columbus, Jack Cleveland, and Hollywood Toledo generated a $26.9 million profit from table games, while their strong point was seen in slots, where they reported a total of $65.7 million last month.
Even though these casinos are still limited to 50% operation, it seems to not be a deterrent for reaching record numbers. Ohio’s racinos and casinos are hoping to receive a new concession that will also encourage new visitors to their properties after news broke last week that lawmakers are planning to bring regulated sports betting to the state, which would authorize up to 40 sports betting licenses and would no doubt go a long way toward stimulating the gambling recovery.