Ohio’s gambling revenue has shown significant growth in recent years, mirroring a broader national trend. Just in January 2025, casinos in Ohio reported a combined revenue of $77.8 million. This marked a staggering 3.5% increase compared to January 2024, showing the state’s casino sector is still standing strong and resilient in the face of a competitive market.
Ohio’s casino scene is economically pretty much keeping up the pace with the national trends. States are increasingly implementing more legal leeways for new entertainment options, which has provided players with great choices. What’s more, numerous iGaming platforms are emerging worldwide, with international licenses and verifications. Those looking for online iGaming opportunities can enjoy attractive options like TG Casino no deposit bonus offers that allow new users to start playing without any initial financial commitments.
Upon closer examination, we can see that not all casinos performed with the same amount of success. Hollywood Columbus Casino is a definite leader of the pack with over $22.1 million of generated revenue during this month. Of that, $5.6 million of income comes from table games, which is a stunning 38.3% increase from the same month last year. Slot machines provided $16.4 million of revenue, which is a 5.6% growth year-for-year. Other notably growing businesses were the Jack Cleveland Casino with $19.6 million, Hollywood Toledo Casino with $18.4 million, and Hard Rock Cincinnati Casino with $17.6 million in revenues.
The boom in popularity was also noticed in the sports betting branch. Since it was legalized in Ohio on January 1, 2023, wagering on sports has become a major component in the gambling ecosystem and state revenue. During the entirety of 2024, $8.9 billion in sports bets was placed throughout Ohio, which amounted to a 15.9% increase from the $7.7 billion during the first year of legalized betting. These figures are a bold marker of the growing popularity and widespread acceptance of sports betting as an activity among the residents of Ohio.
However, even though betting volume increased, sportsbook revenue did experience a slight decline. After the initial milestone of $936.5 million reported in 2023, wagering revenue fell down to $899.4 million in 2024. This 4% drop might mean one of two things – either bettors have become more skillful in guessing the outcomes of sports events, or the tighter margins and increased tax rates proved to be a difficulty for the sportsbooks in a competitive environment filled with promotions and bonuses.
The state of Ohio took what can be called a proactive approach to taxing and regulations of the sports betting scene, which proved to be the main fuel for the dynamic state of the industry. In 2024, the tax rate was doubled by Ohio lawmakers, making sports betting operators pay 20% instead of the previous rate of 10% that was initially introduced. Governor Mike DeWine said that this move should provide a fairer fill of the public coffers, and even proposed increasing the tax rate to 40%, which should provide funding opportunities for public initiatives and sports venues.