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MGM tumbles, while other shines in Ohio as per GGR report July

Last year has been a very good year for the gambling world in the United States. In the recent Gross Gambling Revenue (GGR), 2.3% surge has been noticed on a year by year basis. The foundation of the gambling world has been going strong since then. The casinos of Ohio and racinos enjoyed better July this year. The MGM Northfield Park of MGM Resorts has, however, took the trend downward with not so impressive figure in GGR.

The Jack Thistledown Racino and Jack Casino which are based in Cleveland contributed much in the GGR. Thistledown recorded a massive 15.3% increase reaching $12.3m as compared to last year July whereas Jack Casino reported 7.3% with $17.1m.

Hollywood Toledo and Hollywood Columbus also contributed to the growth for Ohio. As per the GGR reports, the increase is $500,000 for Toledo and $400,000 for Columbus in July.

The MGM Northfield remains the odd out and witnessed a 5.8% decrease in the GGR report as compared to year by year comparison. Since, last four months, Northfield has lost business significantly and a downward trend has been observed predominantly in the last 3 months of the four.

This would be a great indication for the gambling market of Ohio. This is a time when the state is considering about legalization of sports gaming. Even though the progress is very slow, but with all possibilities, it looks that Sportsbooks would be a thing in the state. However, it has almost been ruled out that this would come this year.

West Virginia and Pennsylvania have already legalized sports gambling and Ohio may take some inspiration from them. This is a wide market and if the lawmakers legalize the market, then new ventures would pop out and a gambling eco-system can be formed in Ohio. Several companies are waiting for the nod of the lawmakers and if the growth continues, then Ohio might see the Sports Gambling sooner than expected.

Source: https://calvinayre.com/2019/08/09/casino/ohios-gambling-scene-picked-up-in-july-but-mgm-still-falling-behind/

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About the author

Debopom Sanyal

Debopom Sanyal

Debopom is a web journalist and news enthusiast. He has been writing about world politics, science, health, finance, and technology. An avid sports enthusiast, Debopom has done his Masters in Finance and Bachelors in Engineering.

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