Ohio casinos and racinos did well last month
By Bob Garcia
August was a record-setting month for Ohio’s gaming properties
According to reports from state casino control and lottery commissions, August was a month that should go down in the history of Ohio’s casino and racino industry. According to reports, another monthly record has been set, as gaming revenues were able to collect a total of $194.3 million after winnings were paid out. This is a clear sign of how the industry has been able to bounce back after having such a tough year due to the COVID-19 pandemic.
The 11 facilities in the state reported revenues that surpassed the same month last year, when a total of $172.1 million was generated, representing 12.9% growth. In a pre-pandemic year like 2019, the August record had been $164.4 million. However, there seems to be an increase in the participation of bettors after having been unable to leave the house for a long time and that has led to a new record being set this year.
During the first eight months of this year, about $1.6 billion in gaming revenues had been reported, of which the state has also benefited as it takes about a third of that cut due to taxes and fees. The top casino was MGM Northfield Park, with total revenue of $23.3 million. This represents a 20.8% increase over August of last year. This was followed by JACK Cleveland Casino, which had revenues of $21.9 million, and finally, JACK Thistledown Racino, which reported revenues of $17 million. The Buckeye State’s casinos and racinos expect this trend to continue and that the coming months will also be remembered for breaking a new record with respect to earnings.