Ohio’s casinos finished 2020 firmly in the red, year over year. While the industry appears to be on the rebound, Covid-19 meant a drop of $500 million from 2019.
The state’s four casinos and seven racinos combined for $1.44 billion in revenue for the year, down 26% from 2019’s $1.94 billion. That resulted in a drop in $175 million in taxes for the state
The drop can largely be blamed on pandemic related closured between March and June, and further restrictions on total capacity since reopening.
The four casinos in the Buckeye-state all performed decently in December. Hollywood Toledo Casino did best with $20.46 million in revenue, increasing $4 million month over month. Hollywood Columbus followed with $15.4 million, JACK Cleveland Casino was third with $13.25 million, and Hard Rock Casino Cincinnati rounds up the pack with $10.75 million. That totals for a $0.6% improvement month over month.