Ohio Casinos Earn $1B in 2024, Slot Revenue Rises Slightly
The Most Important Points at a Glance
The Ohio Casino Control Commission has released the revenue figures for the fiscal year 2024. The state’s casinos reported total revenue of $1 billion, representing a 0.6% decline compared to the previous year. While revenue from slot machines slightly increased, table games experienced a decline. Hollywood Casino led the revenues among the four major casinos, followed by Jack Cleveland Casino. March 2024 was the highest-grossing month of the year.
Annual Revenue 2024: An Overview
The four largest casinos in Ohio – Jack Cleveland Casino, Hollywood Columbus, Hard Rock Cincinnati, and Hollywood Toledo – collectively reported revenue of $1 billion for the fiscal year 2024. This represents a slight decline of 0.6% compared to the previous year. Notably, while revenue from slot machines rose by 0.5% to $732.8 million, revenue from table games fell by 3.5% to $276.1 million.
December 2024: A Strong Month with Slight Declines
In December 2024, the casinos generated revenues of $89.2 million. Although this represents a 2.8% decline compared to December 2023, it was the second-highest monthly revenue of the year. Slot machines contributed $63.8 million, a 3% year-over-year decline. Table games generated just under $25.3 million, a decrease of 2.3%. Interestingly, revenue from table games has been on the rise since hitting a low of $21.8 million in June 2024.
The Leading Casinos in Ohio
Among the four major casinos in Ohio, Hollywood Casino led with annual revenue of $279.1 million. Jack Cleveland Casino followed with $258.5 million. The other two casinos, Hard Rock Cincinnati and Hollywood Columbus, also made significant contributions to the total revenue.
A Look at the Strongest Month
The highest-grossing month of the year was March 2024. During this month, the casinos reported total revenue of $94.8 million. Of this, $69.1 million came from slot machines, highlighting the importance of these games to the casinos’ revenue.
Our Assessment
The figures show that Ohio remains an important market for the casino industry, despite slight declines. The dominance of slot machines over table games is evident, reflecting player preferences. The strong performance of Hollywood Casino underscores its leading role in the state. Despite challenges, the industry remains stable, and the casinos demonstrate adaptability to meet market demands.
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