Slots Drive Ohio Casinos’ $1 Billion Revenue in 2024
In FY2024, the Ohio state casino industry generated $1 billion, down by 0.6% from the prior year.
LISTEN TO THIS ARTICLE:As reported by the Ohio Casino Control Commission (OCCC), slot games accounted for the highest of the casino total at $276.1 million, while table games contributed $276.1 million.
While slot game revenue edged up by 0.5% year-over-year, table game revenue dropped 3.5% compared to 2023.
Ohio is home to four commercial casinos, including Jack Cleveland Casino, Hollywood Columbus, Hard Rock Cincinnati, and Hollywood Toledo. Hollywood Casino led the pack in FY2024 with $279.1 million in revenue, while Jack Cleveland claimed second spot with earnings of $258.5 million.
March 2024 was the most lucrative month for Ohio casinos, when they achieved a collective revenue of $94.8 million, boosted by a $69.1 million contribution from slot games.
December Revenue
The OCCC also highlighted December’s revenue in its latest report. In the month, casino revenue totaled $89.2 million, a 2.8% year-over-year decline. Despite falling short of the previous year’s total, December revenue ranked as the second-highest month total for the state in 2024.
Slot machines generated $63.8 million, a 3% decrease year-over-year. Table game revenue for the month amounted to $25.3 million, dipping 2.3% compared to the same month in 2023.
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Online Gaming Future Uncertain
Despite years of discussion and debates, Ohio remains one of the states in the US without a legalized iGaming market. The last formal legislative push was in September 2024 when Senator Niraj Antani proposed Senate Bill 312 to expand the state’s gambling options and legalize iGaming.
The bill outlines the legalization of online casino games and a taxation structure. It proposes a 15% tax rate for online gaming, 5% lower than the state’s current sports betting tax.
The last action for the legislation was on November 12, 2024 when it was reffered to the Finance Committee. However, its chances of getting passed are slim due to a combination of challenges, including legislative resistance, governor resistance, and Antani’s departure from the Senate.
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