Ohio Casino, Sports Betting Revenue Up in May

Land Based Casinos Sportsbooks/Bookmakers Business
Edward Scimia

Updated by Edward Scimia

Journalist

Last Updated 5th Jul 2024, 08:48 PM

Ohio Casino, Sports Betting Revenue Up in May

The JACK casino in Cleveland showed steady growth in May year-over-year, as all casinos in Ohio did. (Image: Alexander Farmer/Alamy)

Ohio’s 11 casinos and racinos enjoyed their best May since 2021 this year, bringing in a combined $204.3 million in gambling revenue for the month.

That’s up from approximately $196 million in 2023, and $202 million in 2022, though short of the record $209 million the venues brought in during May 2021.

Nearly All Operators See Gains in May

In this case, it seems as though a rising tide lifted all boats. According to figures released by the Ohio Casino Control Commission, all four full casinos in the state saw revenues increase year-over-year in May.

The charge was led by the Hollywood Columbus, which brought in over $23.6 million in the month, up from $22.4 million last year. JACK Cleveland Casino, Hard Rock Casino Cincinnati, and Hollywood Toledo all also posted gains.

The story was nearly as good at Ohio’s seven racinos. Six of the seven locations saw gains during May, with the one exception being JACK Thistledown Racino, which was down 2.1 percent to just over $15.4 million. The best performer for the month was MGM Northfield Park, which brought in over $26.8 million during May.

CasinoMay 2023May 2024Change
Hollywood Columbus$22.4 million$23.6 million+5.6%
JACK Cleveland Casino$20.7 million$21.3 million+2.7%
Hard Rock Casino Cincinnati$19.6 million$20.4 million+4.4%
Hollywood Toledo$17.9 million$19.2 million+7.4%
    
RacinoMay 2023May 2024Change
MGM Northfield Park$25.6 million$26.8 million+4.6%
Miami Valley Gaming$20.2 million$21.6 million+6.9%
Scioto Downs$19.7 million$20.0 million+1.3%
JACK Thistledown Racino$15.7 million$15.4 million-2.1%
Hollywood Mahoning Valley$13.7 million$15.0 million+9.7%
Hollywood Dayton$12.9 million$13.3 million+3.2%
Belterra Park$7.4 million$7.6 million+3.5%

 

DraftKings, FanDuel Lead Ohio Sports Betting Market

The results were a welcome boost for the state’s casino industry after a disappointing April, in which overall revenues were down slightly from 2023. Even with a solid May, the casinos and racinos are still behind their overall yearly total from last year, having now brought in just over $1 billion for 2024 – down a little more than 1 percent year-over-year.

The state’s sports betting industry also performed well in May. Online and live betting channels combined to take $612.7 million in handle during May, up more than six percent over May 2023. Adjusted gross revenue rose 16.4 percent to $67.5 million for the month. 

Online betting continues to dominate the space, as it does in most states. Ohio saw $66.1 million in online sports betting revenue for the month, while just $1.2 million came in from retail outlets. DraftKings led the way in handle with $204.2 million, though FanDuel lead the way in revenue at $30.6 million thanks to a 15.3 percent hold for May. 

According to the American Gaming Association, Ohio ranks as the sixth largest gambling market in the United States, collecting $3.3 billion in total gaming revenue for 2023.

Meet The Author

16 Years
Experience
Edward Scimia
Edward Scimia
Journalist Journalist

Ed Scimia is a freelance writer who has been covering the gaming industry since 2008. He graduated from Syracuse University in 2003 with degrees in Magazine Journalism and Political Science. In his time as a freelancer, Ed has worked for About.com, Gambling.com, and Covers.com, among other sites. He has also authored multiple books and enjoys curling competitively, which has led to him creating curling-related content for his YouTube channel "Chess on Ice."

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