Ohio Gaming Revenue Sets Record For Seventh Consecutive YearState Casinos And Racinos Took In $1.86 Billion In 2018 |
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For the seventh year in a row, Ohio posted record-highs in its state’s gaming revenues. The four casinos and seven racinos combined to take in $1.86 billion in 2018.
It is a 4.9 percent increase from 2017’s $1.78 billion in gaming revenue, which was the state’s previous record. The racinos are only allowed to offer slot machines, while the casinos can offer both table games and slot machines.
The racinos won just over $1 billion from bettors, while the casinos took in $837 million. Hard Rock Rocksino Northfield Park, a racino in Northfield, OH, was the top-grossing facility in the state. It took in $256 million for the year.
At some point in 2019, the racino will drop the Hard Rock brand and operate under a new name. In November 2018, the facility was sold to MGM Resorts International for $1 billion.
The state’s four casinos were the only other facilities to generate over $200 million in revenue. Hollywood Casino Columbus ($226.5 million), JACK Casino Cleveland ($204.9 million), JACK Casino Cincinnati ($203.5 million) and Hollywood Casino Toledo ($202.7 million) rounded out the top of the state’s earners.
JACK Thistletown Racino saw the biggest increase in its revenue. It shot up 10.4 percent in 2018, taking in $127.4 million.
The JACK properties may be up for grabs after billionaire owner Dan Gilbert sold his Greektown Casino in Detroit to Penn National Gaming, despite record revenues for Detroit casinos.
Ohio’s state government is one of the biggest beneficiaries of the record revenue. They will take about a third of that revenue for themselves, with most of it going to fund Ohio’s public schools and the rest distributed to county and municipal governments throughout the state.
Since the state first introduced gaming in 2012, revenue has increased every year. Revenue from the state’s commercial casinos has remained steady between a low of $798 million in 2016 and 2018’s high of $837 million. Racinos, on the other hand, have seen continued growth every year from $249 million in 2013 to this year’s 10-figure take.
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