While sports betting is expected to boom in Ohio -likely to become one of the nation's biggest sports betting states-, revenue from the vertical will probably be a secondary draw at racinos. "And slots are just a more popular form of gambling across the country by a wide margin." "For one, sports betting margins are low because revenue is shared across the supply chain," he said. ![]() While sports betting is set to make its much-awaited debut on January 1, 2023, Danny Cross, a managing editor of PlayOhiobelieves it will not compare to slot revenue at racinos and casinos. The latest record is a continuation of a positive trend that was only broken by the Covid-19 pandemic. Meanwhile, Miami Valley Gaming in Warren County registered$219.3 million in net profits from slots and gambling equipment, representing an 18% increase. ![]() According to data from the Ohio Lottery, Hollywood Gaming at Dayton Raceway registered more than $153 million in net winnings from its VLTs, up 8% from FY 2021. Two Ohio racinos registered record profits from their video lottery terminals in the last fiscal year.
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