Revenue Figures Show Strong Month for Gambling in Ohio
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Revenue Figures Show Strong Month for Gambling in Ohio. The state held a revenue record of $84.3 million from March 2013 before racinos were allowed. This record has been broken in 2021, first in March, then in April, but not again in May. May did not see a new record, although the numbers are still going strong for Ohio with $86.8 million in total gambling revenue.
Extended unemployment benefits and stimulus money played into the figures. American Gaming Association expects the numbers to stay strong throughout the summer of 2021.
People are getting back out into the public after being confined to their homes during COVID.
Revenue figures show strong month for gambling in Ohio. Seven slots-only racinos experienced an increase in revenue of 27.5%. MGM Northfield experienced a growth of 14.4% even with social distancing measures in place.
As capacity restrictions are lifted, more people will seek out opportunities to do things.
The State Senate is holding hearings on legalizing sports betting in Ohio. The end date for the passage is set for June 30th. If all goes well, sports gambling in the state will have a 10% tax. Racinos benefit the education system through the Ohio Lottery, while casino revenues are taxed 33%.
