Ohio Casino Revenue Sets Annual Record, Gaming Win Climbs to $2.38B
Ohio casinos and racinos last year won to a greater extent money from players than ever so before.
According to new released data from the Buckeye State Casino Control Commission and Buckeye State Lottery, which respectively order the state’s quatern land-based commercial casinos and sevener racinos, porcine gaming revenue (GGR) inward 2023 soared to $2.38 billion. The win represented a 2.15% year-over-year improvement.
Ohio gaming revenue has at present go under new annual GGR records in 10 of the previous 11 years, with only pandemic-stricken 2020 bucking the trend inward the Buckeye State.
Ohio joins several other states, including Nevada, New Jersey, and Pennsylvania, in reporting yearbook gaming revenue records inward 2023. Silver State casinos won o'er $15.5 billion, piece New Jersey’s variable gaming verticals won $5.8 billion, and Pennsylvania’s gaming interests self-possessed $5.7 billion.
Ohio Gaming Breakdown
Ohio’s quadruplet casinos where Las Vegas-style slot machines and tabularise games operate combined to win $1.014 billion. Slots accounted for the bulk of the income at $728.86 million.
Jack Cleveland, Hollywood Columbus, Hard Rock Cincinnati, and Hollywood Toledo offering o'er 6,200 slot machines and 360 table games. The felt kept $286 gazillion of players’ wagers finally year.
Hollywood Columbus led the way with a GGR of $272.2 million. Jack Cleveland was next at $268.1 million. Hard John Rock Cincinnati was third at $249.7 million, and Hollywood Toledo was the freighter tributary at $224.9 million.
The o'er $1 billion inwards GGR is subjected to a state tax of 33%, which finally twelvemonth amounted to most $335 million.
Ohio’s heptad racinos tender slot-like gaming machines that are video lottery terminals (VLTs). The drawing oversees the centralized data processor network that determines when a whirl wins.
VLTs are different expansion slot machines in that apiece spin’s outcome is non set past the individual slot’s internal random list generator. It is instead based on the centralised system that calculates when a bang occurs.
Buckeye racinos collectively proffer over 10,000 VLT positions. The machines won just shy of $1.37 1000000000 inward 2023. The machines reported a payout grade of near 91% during the 12 months.
Racino locations include Belterra Park, Eldorado Scioto Downs, MGM Northfield Park, Hollywood Dayton, Hollywood Mahoning Valley, Jack Thistledown, and Miami Valley Gaming.
The racinos retain well-nigh 66.5% of the VLT win, with the remaining 33.5% earmarked for the Buckeye State Lottery. The state-run lottery benefits the Ohio Lottery Profits Education Fund.
Sports Betting First-Year Success
Legal sports betting began in Ohio on Jan. 1, 2023. In the state’s firstly total twelvemonth of regulated in-person and online sports betting, oddsmakers reported taking over $7.65 one thousand million inward bets — aka handle. On the action, the books kept $937 meg on hold up at a rate of approximately 12%.
The sports betting figures interpret sportsbook revenue from the casinos and their online sportsbook partners. The numbers make not include bets placed at self-service kiosks, which are regulated past the Buckeye State Lottery.
The gambling casino and online sportsbook revenue is subjected to a 20% commonwealth tax, which amounted to nigh $187 jillion cobbler's last year.
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