Ohio casinos continue to see more gains as they recover from COVID-19

Ohio casinos continue to see more gains as they recover from COVID-19

The past three months have seen Ohio’s gambling industry make a strong recovery

The good news keeps on coming for all US casinos, and fortunately for Ohio, their numbers are not far behind. While May may not usually be the biggest on record for the Buckeye State’s casinos and racinos, the revenue that the facilities were able to collect this month exceeded any expectations and continued a streak of good and intense activity. All of this has been achieved gradually as cases of the COVID-19 pandemic have been on the decline.

A total of $209 million from gaming (after paying winnings) was achieved collectively by the state’s 11 casinos and racinos, which is what has been indicated by a report released earlier this week. Typically, the state’s biggest casino month is designated to April; however, May has proven to be the biggest May on record and the third most lucrative month overall, behind March and April.

Compared to May two years ago, when operations were running as usual, casino and racino revenues were up 23.5%, a number that appears to be quite significant, especially considering that the pandemic caused by COVID-19 has not yet fully faded. Even so, many Ohioans have already received their dose of vaccine and this has caused people to be able to safely approach casinos as well. Because of this, the three biggest gambling months have occurred in the first half of 2021 and, as time goes on, the numbers are expected to continue to rise.

The record revenues also owe much to the decisions of local and state governments after deciding to remove some restrictions implemented to prevent the spread of the coronavirus. Ohio has benefited greatly as well, receiving about one-third of these gaming revenues from taxes and fees.

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