February Revenue Report: Ohio Casinos and Sportsbooks Generate Nearly $169 Million

February Revenue Report: Ohio Casinos and Sportsbooks Generate Nearly $169 Million

The Ohio Casino Control Commission recently released its February revenue report, which showed that the state’s casinos and sportsbooks generated nearly $169 million in total revenue for the month. This is a significant increase from January’s revenue of $148 million and a positive sign for the state’s gambling industry.

The four casinos in Ohio – Hollywood Casino Columbus, Hollywood Casino Toledo, Jack Cincinnati Casino, and Jack Cleveland Casino – generated a total of $68.6 million in revenue in February. This is a 12% increase from January’s revenue of $61.2 million. The biggest contributor to this increase was Jack Cleveland Casino, which saw a 16% increase in revenue from January.

Sports betting also played a significant role in Ohio’s February revenue report. The state’s two sportsbooks – MGM Northfield Park and Hollywood Casino Columbus – generated a total of $4.8 million in revenue for the month. This is a 31% increase from January’s revenue of $3.7 million.

Ohio legalized sports betting in July 2019, but it wasn’t until January 2021 that the state’s first sportsbooks opened. Since then, the industry has been steadily growing, and February’s revenue report shows that there is still plenty of room for growth.

One factor that may have contributed to the increase in revenue is the ongoing COVID-19 pandemic. With many people still hesitant to travel or attend large events, gambling at local casinos and sportsbooks may be a more attractive option for entertainment.

It’s worth noting that Ohio’s gambling industry still has a long way to go before it reaches its full potential. The state has yet to legalize online gambling, which is a significant source of revenue for other states that have legalized it. Additionally, Ohio’s sports betting market is still relatively small compared to other states like New Jersey and Pennsylvania.

However, the February revenue report is a positive sign for Ohio’s gambling industry and suggests that there is plenty of potential for growth in the coming months and years. As the state continues to recover from the pandemic and more people become comfortable with gambling, we can expect to see even higher revenue numbers in the future.