What Miami Valley Gaming does

Miami Valley Gaming and Racing, LLC operates a single integrated gaming, racing, sports betting, and hospitality complex at 6000 State Route 63 in Lebanon, Ohio, serving the greater Cincinnati/Dayton region. The property combines a slot and electronic gaming floor, live and simulcast harness racing, a retail Race & Sportsbook, and a mobile sports betting offering via the Betly app (operated by GAMEWISE on Kambi technology). Four distinct dining venues - Cin City (fine dining), Lucia (Italian), Route 63 (comfort food), and Trifecta (coffee/breakfast) - and three bars (Center Bar, 1803 Bar, Lucky Lights Patio Bar) generate ancillary revenue beyond the gaming floor, with the Buckeye Room serving as an event space. Customer engagement is driven by the MVG Club loyalty program and a dedicated Military and First Responder tier offering F&B discounts and monthly free-play wheel spins.

The business is structured as a private Ohio LLC owned jointly through Delaware North (parent) and Churchill Downs Incorporated, with Delaware North listed as the strategic operating parent. Revenue is generated through transactional take rates on gaming, wagering, F&B, and entertainment, supported by ongoing promotional jackpot drawings and a community engagement program (Round Down for Charity) that has directed over $4 million to local causes. The facility reports cumulative jackpot payouts exceeding $1 billion since opening, underscoring its scale as a regional gaming destination. Operating under Ohio Lottery oversight, MVG's single-asset geographic footprint and partnership with publicly traded parent Churchill Downs Incorporated positions it within a stable but mature Ohio racino market.

Name

Miami Valley Gaming

Legal name

Miami Valley Gaming and Racing, LLC

Website

https://miamivalleygaming.com

Company type

Private

Operating status

Operating

Headcount range

101–250 employees

Short description

Miami Valley Gaming is a privately held Ohio racino in Lebanon, serving the Cincinnati/Dayton region with slot gaming, live and simulcast harness racing, retail and mobile sports betting, four restaurants, and three bars under a Delaware North / Churchill Downs Incorporated joint structure.

Ownership category

akta.pro rank

Product category

Casino and Racino Entertainment

NAICS

Casinos (except Casino Hotels) (71321), Gambling Industries (7132), Other Gambling Industries (713290), Other Gambling Industries (71329)

SIC

Services-Racing, Including Track Operation (7948), Services-Amusement & Recreation Services (7900), Services-Miscellaneous Amusement & Recreation (7990), Retail-Eating & Drinking Places (5810)

akta.pro primary industry

Racinos (Casino + Racetrack) (MPAEAAAF)

akta.pro secondary industries

Destination/Regional Casinos (Drive-to Markets) (MPAEAAAC), Integrated Casino Resorts (Casino + Hotel/Entertainment) (MPAEAAAA), Dedicated LAN Gaming Centers (PC/Console Stations, Hourly Play) (MPAFALAA)

Keywords

• Casino gaming
• Harness racing wagering
• Sports betting
• Racino entertainment
• Player loyalty programs

Headquarters

HQ city

Lebanon

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Casino Gaming: Revenue from slot machines, electronic gaming devices, and related gaming activities. The facility has paid out over $1 billion in jackpots.
2. Horse Racing: Live harness racing and simulcast wagering on horse racing events from other tracks
3. Sports Betting: Race and sportsbook operations with retail betting at the facility and mobile betting via the Betly app
4. Food and Beverage: Four dining venues including Cin City fine dining, Lucia Italian Eatery, Route 63 comfort food, and Trifecta specialty coffee/breakfast. Also includes Buckeye Room for events.
5. Bars and Entertainment: Center Bar with live entertainment featuring local bands and DJs, 1803 bar, and Lucky Lights Patio Bar

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Miami Valley Gaming operates a single physical racino and entertainment complex in Lebanon, Ohio that delivers slot and electronic casino gaming, live and simulcast harness racing wagering, retail and mobile sports betting, four distinct dining venues, multiple bars with live entertainment, and an event/meeting space. The MVG Club loyalty program and the Betly mobile app extend its gaming and wagering offerings on-site and off-site.

Product overview

Miami Valley Gaming is a physical gaming, racing, and entertainment complex offering multiple integrated experiences. The core offering includes a gaming floor with slot machines and the MVG Club loyalty program, live and historical harness racing through the MVG Race & Sportsbook, and sports betting via the Betly mobile app and on-site betting windows. Dining options include four distinct venues: Cin City (fine dining), Lucia (Italian), Route 63 (comfort food), and Trifecta (coffee/breakfast). Entertainment venues include the Center Bar, 1803 Bar, and Lucky Lights Patio Bar with live music on weekends. The property also offers event space through the Buckeye Room and maintains community engagement via the Round Down for Charity program. Owned by Churchill Downs Incorporated and operated by Delaware North.

Differentiator

Problem solved

Functional benefit

Products and services

• Gaming Floor The main on-site gaming area featuring slot machines, electronic gaming devices, and promotional hot new games for adults 21+ seeking casino-style entertainment.
• MVG Club Loyalty Program Free-to-join player loyalty program offering members points, discounts, comps, jackpot tracking, free entries into drawings, and special offers for gaming and dining at MVG.
• Military and First Responder Player Cards Specialized MVG Club cards for active and retired military personnel and first responders offering 15% off food and beverage and a monthly free play wheel spin with prizes up to $1,000.
• MVG Race & Sportsbook On-site retail sports betting and pari-mutuel wagering facility offering simulcast racing, sports betting tickets, and a Kambi-powered Bet Builder platform for wagering on professional and college sports.
• Betly Mobile Sports Betting App Mobile sports betting application for iOS and Android operated by GAMEWISE that allows users to place remote sports wagers tied to the MVG Race & Sportsbook brand.
• Live and Simulcast Harness Racing Live harness racing and simulcast wagering on horse racing events from tracks nationwide, with live racing entries, recent results, horsemen information, and wagering 101 resources.
• Historical Racing Replays and Information Historical horse racing content with race replays available through TwinSpires.com and access to past racing results and historical racing information.
• Cin City Fine Dining Restaurant On-site fine dining restaurant featuring steaks, fresh seafood, pastas, and desserts. Open Thursday-Saturday 4-10pm and Sunday 2-8pm; winner of 2025 Strictly Slots Readers Choice Award for Best Fine Dining.
• Lucia Italian Eatery On-site Italian restaurant offering pasta, pizza, sandwiches, and more, with cashless kiosks enabling convenient ordering using MVG Players Card points and comps.
• Route 63 Comfort Food Restaurant On-site casual comfort food restaurant featuring hearty favorites, nostalgic bites, and feel-good flavors. Open Sunday-Tuesday 11am-9pm and Wednesday-Saturday 11am-11pm.
• Trifecta Specialty Coffee and Breakfast On-site specialty coffee, breakfast, paninis, and snacks venue serving breakfast and lunch Monday-Tuesday 8am-3pm with evening and late-night menus on select days.
• Buckeye Room Event and Meeting Space On-site private event and meeting space available for gatherings, with bookings handled via [email protected].
• Center Bar Main on-site bar with 27 sixty-five-inch screens for watching games, featuring live entertainment on Fridays and Saturdays 9pm-12am with local bands and DJs.
• 1803 Bar Remodeled on-site bar named for the year Ohio became a state, featuring 24 gaming positions, comfortable lounge seating, and large monitors.
• Lucky Lights Patio Bar Full-service outdoor patio bar offering drinks for guests enjoying the patio area at the MVG complex.

Quantifiable outcome

• $1 billion+ in jackpot payouts to customers
• +1 more outcomes

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Churchill Downs IncorporatedcoreStrategic or Co-development PartnerChurchill Downs Incorporated is a major horse racing and gaming company. Miami Valley Gaming operates as a joint venture with CDI, utilizing their expertise in racing operations and gaming technology. CDI's logo appears on the website footer indicating this ownership/partnership relationship.
• Delaware NorthcoreStrategic or Co-development PartnerDelaware North is a hospitality and gaming company. Their logo appears on the MVG website footer alongside Churchill Downs Incorporated, indicating a partnership or ownership stake in Miami Valley Gaming operations.
• GAMEWISEcoreTechnology or IntegrationGAMEWISE operates the MVG Bet sports betting platform. The sportsbook is clearly marked as 'operated by GAMEWISE' indicating this is the technology and operational partner for sports betting services.
• KambicoreTechnology or IntegrationKambi provides the Bet Builder sports betting platform technology powering the sports betting operations. This is the underlying technology platform for odds and betting products.
• Ohio LotterycoreOthersOhio Lottery Commission regulates gaming operations. MVG operates under Ohio gaming regulations and features Ohio Lottery branding as part of the gaming ecosystem.
• Ohio Harness Horseman's Association (OHHA)minorStrategic or Co-development PartnerOHHA presents Charity Night at the Races event at MVG, partnering for charitable fundraising through harness racing. This is a co-event partnership for community and charitable purposes.
• TwinSpires.comminorChannel Partner/ Reseller/ DistributorTwinSpires.com, owned by Churchill Downs, provides horse racing replays and is referenced as a resource for race replays from MVG's historical racing information.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Churchill Downs Incorporated: Major U.S. racing and gaming operator and MVG's JV partner; operates multiple racinos, casinos, and the Derby City Gaming historic racing concept, providing strategic context as parent peer.
• Penn Entertainment: Major regional gaming operator with racinos, casinos, and the ESPN BET online sportsbook. Comparable broad product portfolio (racing + slots + sports betting + dining) at greater scale.
• Delaware North: Identified as Miami Valley Gaming's parent company; a large hospitality, gaming, and food service operator with broader gaming and pari-mutuel wagering exposure across the U.S.

Direct peers

• JACK Thistledown Racino: Ohio racino combining harness racing with casino gaming and sports betting, directly competing with Miami Valley Gaming for Cleveland/Akron-area and statewide gaming and racing customers.
• MGM Northfield Park: Ohio harness racino with extensive slots floor, sportsbook, and dining venues, owned by MGM Resorts. Closest direct competitor in product mix (racing + slots + sportsbook + dining).
• Hard Rock Casino Cincinnati: Cincinnati-area casino with slots, table games, sportsbook, and multiple dining venues. Directly competes with MVG for Cincinnati gaming and entertainment customers.
• Scioto Downs: Ohio racino and harness racing track operated by Caesars Entertainment, offering casino gaming, sportsbook, and dining—directly comparable to MVG's integrated offering.
• Belterra Park: Ohio racino near Cincinnati with harness racing, slots, and sportsbook. Directly competes with MVG in the Greater Cincinnati market for gaming and racing customers.
• Hollywood Casino Dayton: PENN Entertainment casino in Dayton offering slots, table games, sportsbook, and dining. Overlaps with MVG's Dayton service area for gaming and dining customers.

Emerging players

• BetMGM: Joint venture between MGM Resorts and Entain offering mobile sports betting and iGaming in Ohio; competes with MVG's Betly mobile sportsbook for Ohio digital wagering share.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mvgohio
• Facebookfacebook.com/miamivalleygaming
• Instagraminstagram.com/miamivalleygaming
• LinkedInlinkedin.com/company/miami-valley-gaming

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Miami Valley Gaming