Ohio Casinos Win $207M in July, as Gaming Continues to Top Pre-Pandemic Business

Ohio casinos and racinos won nearly $207 million inwards July from their patrons. Though the haul was near 2% to a lesser extent compared with the gaming industry’s record-setting July 2021 carrying into action when the 11 properties won $211.2 million, July 2022 noneffervescent easily outpaced pre-pandemic 2019.

Ohio’s vii racinos generated revenue gaming revenue (GGR) of roughly $118 meg from their picture lottery terminals. The slots win was 2.2% beneath the $120.7 zillion the racinos won in July 2021.

The state’s quartet casinos reported GGR of $88.7 1000000 — a 2% year-over-year slump from the $90.5 million they won during July 2021.

But when compared with pre-pandemic July 2019, the OH gaming industry continues to outperform and spread out inward terms of monthly revenue. Through septenary months of 2022, Ohio River casino and racino revenue totals just about $1.38 billion. Through the same seven-month period inwards 2019, gaming win stood at $1.13 billion.

Gaming Roaring Amid Economic Uncertainty

Though the nuisance at the gaseous state pump has subsided slightly inwards recent weeks, tape rising prices has reined inwards some leisure time consumer spending. Lowering gaseous state prices has partly been credited towards less demand, as many Americans make decided to telephone turned their summer trip plans or delay finisher to home.

That could follow playing into the OH racinos and casinos’ favor. The regional properties rely much to a greater extent on drive-in traffic from nearby residents than they ut on out-of-state visitors.

While GGR overall was somewhat shoot down year-over-year in July 2022, MGM Northfield Mungo Park — typically the spinning top revenue-generator among the 11 gaming properties — experienced a further uptick in play. The MGM Resorts-operated racino won $25.3 million, which was a 2.2% premium on July 2021. MGM Northfield Park’s July 2022 performance also represents a more than 19% upsurge on July 2019 when the racino won $21.2 million.

The body politic is the biggest beneficiary of the ongoing robust gaming play. The tell collects 33% of apiece casino’s GGR, and 33.5% of for each one racino’s one-armed bandit win. Through septet months, province gaming taxes add up roughly $459 million. Racinos make paid the bulk of the gaming task income at or so $263.1 million.

The res publica testament see to it to a greater extent gaming task income at one time sports betting commences on January 1, 2023. State lawmakers and Buckeye State Gov. Mike DeWine (R) legalized gaming on sports endure year. Retail and mobile trading operations are band to lead off at the cerebrovascular accident of midnight of the unexampled year.

Betting Slowdown

Though Buckeye State casinos and racinos bear on to get warm play, the numbers provided past the Buckeye State Lottery reveal some concern.

Credits played — or the amount amount of money wager on the VLT slots — totaled $1.31 1000000000000 shoemaker's last month. The bets included to a greater extent than $18.9 million inward promotional gambol the racinos gave their guests. In July 2021, gamblers wagered over $1.32 1000000000 on the gaming terminals, which included about $18.8 zillion inward liberate play.

The racinos are seemingly taking steps to preserve gamblers happy. Along with more or less to a greater extent liberal slot vouchers, the racinos loosened their machines a bit.

In July 2021, the medium pct payout for a VLT pole was 90.89%. Last month, the devices paid out 91.02%.