Ohio Casinos Generated $1 Billion Since 2012

Since casinos opened in 2012 in Cincinnati, Cleveland, Columbus and Toledo, Ohio, they have generated more than $1 billion in tax revenue for the state, host cities, education, regulatory commissions and problem-gambling and law-enforcement funds. Casinos in Ohio pay taxes of 33 percent on gross revenue.

The Ohio Casino Control Commission recently reported since opening in 2012, the state’s casinos in Cincinnati, Cleveland, Columbus and Toledo generated ,054,983,129 in tax revenue. Ohio casinos pay 33 percent in taxes on gross casino revenue.

Ohio cities and counties received $538 million, or 51 percent, and $359 million, or 34 percent, went to education. The four casino host cities received a total of $52.7 million, or 5 percent. The casino commission and the Ohio State Racing Commission each received $31.6 million, or 3 percent, of casino revenue. Another $21 million went to funds for problem gambling assistance and law enforcement.

By the end of the year, Ohio casinos and racinos are looking to take in $1.7 billion in gross income. In the Greater Cincinnati region, which has seven gambling outlets, over the last 12 months gambling operations took in $807.5 million and are on track to top $820 million by the end of the year. The region’s most lucrative year was 2006 with $796.9 million. The top-grossing casino in the region is Jack Cincinnati Casino, formerly Horseshoe Cincinnati, which took in $197 million in the past 12 months—nearly 25 percent of the region’s betting dollars.

Regionally, Hollywood Casino Lawrenceburg comes in second with $168 million, or 21 percent of local market share. Third-ranked is Miami Valley Gaming racino, which earn $131 million in the last 12 months, or a 16 percent market share. Belterra Casino Resort in Florence, Indiana, has 13 percent of the local market with $103 million. Hollywood Dayton is the fifth-busiest with $88 million and 11 percent local market share. Belterra Park racino ranks sixth with $75 million in the last 12 months, a 9 percent market share, and Rising Star Casino & Resort in Rising Sun took in $45 million in the last year, with 6 percent of the market.

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