Ohio reports record revenue for September
September was the third consecutive month Ohio’s casino and racino industry posted record revenues. Total revenue for the industry was $164.6m, a 6% year-on-year increase. Previously, August reported $172.1m and July’s revenue was $181.1m.
Statewide casino revenue for September was $71.9m, compared to $68.4m in 2019; but lower than $77.4m recorded in August. Revenue from racinos, that only feature video gaming terminals, was $92.7m, an increase from $86.7m the previous year.
MGM Northfield Park contributed $19.9m to the total sum, Hollywood Columbus brought in $19.3m in revenue and Hollywood Toledo earned $18.9m.
For the first nine months, the state’s revenue is slightly over $1bn, nearly a 31% drop from $1.5bn for the same period in 2019. The decline can be attributed to the temporary shutdown due to COVID-19. The casinos in the state were closed in April and May and resumed work in June with 50% capacity.
Ohio might also benefit from sports betting in the future, but things are moving slow. Analysts from Eilers & Krejcik said: “We estimate that Ohio is the sixth-ranked US state in terms of sports fandom, and the seventh-ranked state in terms of college football fandom.” However, a supporter of the sports betting bill, Senator John Eklund, said the details of the bill need to be worked out before any voting can occur.
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