Ohio Casinos and Racinos Experience Record November, Revenue Tops $186.1M
Ohio gross gaming revenue (GGR) from expansion slot machines and tabularise games topped $186.1 gazillion inward November, a book high for the month.
Ohio is home to IV casinos that control slots and tabularise games and septet racinos that run only slots. Technically, the racino machines are video lottery terminals (VLTs) operated on behalf of the Buckeye State Lottery.
November win of $186.1 meg topped the previous best Nov on record book of $183.6 gazillion reached inward 2022.
The iv casinos — Jack Cleveland, Hollywood Toledo, Hollywood Columbus, and Hard Rock Cincinnati — won $80.4 million. The tetrad casinos collectively operated 6,127 expansion slot machines and 363 table games during the month. November’s revenue represented a more than 2% year-over-year premium.
The racinos’ 10,312 picture drawing terminals won nearly $105.7 million — a to a lesser extent than 1% improvement from Nov 2022. The month also pronounced the fourth serial month-to-month VLT win wane from July when the racinos won o'er $117.5 million.
Casino Record Possible
With a month of gaming revenue noneffervescent to report, with the Buckeye State Casino Control Commission expected to unveil Dec casino numbers later this month, the manufacture is poised to mark in time another yearly win record. The 4 casinos won a track record $1.005 1000000000 inward 2022.
Through 11 months, cassino revenue totaled $923.22 million. If the casinos cobbler's last month won around the same amount that they did inward December 2022 — $83.8 gazillion — the industry will likely break off the 2022 GGR record.
From January through November 2023, Hollywood Cristoforo Colombo led the four-casino securities industry with more or less $247.9 jillion in revenue from its slots and tables. Jack Stephen Grover Cleveland was a faithful indorse at $243.6 million. Hard Rock Cincinnati won $227.3 one thousand thousand from players and Hollywood Toledo kept $204.4 zillion of the bets.
VLTs are regulated past the OH Lottery. During the state’s 2023 financial year (July ’22 through and through June ’23), gaming revenue totaled $1.34 one thousand million — a 1.75% make from 2022.
Through 5 months of the 2024 fiscal year, VLT revenue totaled $552.9 million, a cold-shoulder uptick from the $550.9 trillion that the racinos won during the same fivesome months in FY23.
Strong First Sports Betting Year
Ohioans had a new legal way inwards 2023 to risk with the introduction of sports betting. On Jan. 1, 2023, 13 retail sportsbooks and 16 online sportsbooks began taking bets.
It was a wildly successful world-class yr for the sports betting industry.
According to the tell gaming regulator, Ohioans in conclusion yr through and through Nov wagered nearly $6.83 one million million on sports. Of the money bet, $6.6 billion, or about 97%, was facilitated via the internet.
Online activeness was of course responsible for the vast legal age of the sportsbook revenue. Online sportsbooks won nearly $827.7 one thousand thousand during the 11-month period, spell retail oddsmakers generated win of just $20.2 million.
ESPN Bet, Penn Entertainment’s new sportsbook after ditching Barstool Sports, has rapidly amassed considerable market place percentage in the Buckeye State. Through its partnership with Hollywood Columbus, ESPN Bet launched inwards Buckeye State on Nov. 14.
In just now a minuscule more than ii weeks inwards operation, the online sportsbook took over $70.8 jillion inwards bets, though $29 gazillion of that was promotional money. The volume reported revenue of $12 million.
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