Finance

Gambling Revenue Rises In Ohio

revenue rise concept

Figures released last week show that gambling revenue from casinos and racing venues in the US state of Ohio increased significantly in November and the Hard Rock Rocksino Northfield Park – owned by MGM Properties – topped the lists of profitable gambling outlets.

The details were released by the Ohio Lottery and Ohio Casino Control Commissions on Friday and they showed that the total gambling revenue earned from the state’s eleven casinos and gambling locations was $148.1 million in November, which represents a rise of 4 percent on the $142.4 million figure that was recorded in November 2017.

Gambling revenue is regarded as the money that the venues keep after they’ve paid out winnings, and the Hard Rock Rocksino – which is set to undergo a change of name in 2019 – led the way with revenue of $20.3 million taken through its slots machines.

Currently, there are only four casinos in Ohio – based in Cleveland, Cincinnati, Columbus and Toledo – at which table games are legal. Of those venues, the Hollywood Casino Columbus fared best, taking $18.5 million in table game and slots revenue during December, while the JACK Cleveland Casino came in second at $17.4 million in revenue. But when it comes to revenue derived from table games alone, the JACK Cleveland was the top earner, taking in $8.8 million, compared to the $6 million earned from table games at JACK Cincinnati.

In total, gambling revenues for the four Ohio casinos reached $67.7 million in November, up 2 percent on last year’s figure, while the seven racinos in the state produced $80.4 million combined in revenue, a rise of 6 percent on the $75.9 million they took in November 2017.

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