Ohio’s casino, racino business dips 26% in 2020; state out $165 million

By Rich Exner - cleveland.com (TNS)

CLEVELAND, Ohio — Ohio’s casino and racino industry enjoyed record performances when fully operating in 2020, but gambling revenue for the year overall was down $500 million, mainly the result of full and partial closings ordered by Gov. Mike DeWine because of coronavirus concerns.

Reports released Thursday by the state’s casino control and lottery commissions show gambling revenue totaled $1.44 billion for the year at the 11 facilities across Ohio, down 26% from a record $1.94 billion in 2019.

This is the money kept by casinos and racinos after paying out winnings. About a third of it is then forwarded to the state in the form of taxes and fees. The drop in revenue for 2020 will mean about $135 million less in these taxes and fees.

During December, a month in which the casinos and racinos closed at 10 p.m. daily under the governor’s coronavirus curfew, revenue totaled $132.6 million, down 22% from $169.3 million in December 2019.

The facilities were closed entirely from mid-March through mid-June.

But in each of the months in which they were fully open - January, February, July, August, September and October - monthly revenue records were set.

In the Cleveland/Akron market:

• MGM Northfield Park had revenue of $171.7 million in 2020, down from $253.6 million a year earlier.

• JACK Cleveland casino had $152.2 million, down from $212.1 million.

• Jack Thistledown Racino had $115.3 million, down from $142.5 million.

Elsewhere: Hollywood Casino Toledo ($183 million, down from $202 million), Hollywood Casino Columbus ($165.4 million, down from $229.2 million), Hard Rock Casino Cincinnati ($142.8 million, down from $207.7 million), Eldorado Gaming Scioto Downs ($139.5 million, down from $183.5 million), Miami Valley Gaming ($126.5 million, down from $179.8 million), Hollywood Mahoning Valley ($92.9 million, down from $128.6 million), Hollywood Dayton ($91.9 million, down from $116.7 million), and Belterra Park ($59 million, down from $85.9 million).

Toledo’s revenue was up during weeks in which the Detroit casinos were closed.


By Rich Exner

cleveland.com (TNS)

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