Sportsbook

Sports gambling in Ohio surpasses USD4 B of bets in 2023

Wednesday 06 de September 2023 / 12:00

⏱ 1 min read

(Cleveland).- Ohioans have now placed more than $4 billion worth of bets on sports gambling in 2023, though July was the slowest month for sports betting so far this year.

Sports gambling in Ohio surpasses USD4 B of bets in 2023

Combined Ohioans bet just under $332 million in July, down from $363 million in June, according to compiled data from the Ohio Casino Control and Ohio Lottery commissions. The casino commission released its July revenue numbers last week. Separately, the lottery commission released its report covering gaming kiosks in mid-August.

After payout out winnings and voided wagers, the companies took in a combined $37.2 million in revenue in July, up from $32.6 million in June, despite the drop in betting activity.

Betting tends to slow down in the summers and picks up in the fall, when both the NFL and NBA seasons start again.

Ohio bettors can wager now at FanDuel in Ohio and other sportsbooks in the state, including Barstool Sportsbook, Caesars and DraftKings.

Sports gambling first became legal in Ohio on Jan. 1. Through seven months, Ohioans bet just under $4.2 billion using mobile-betting apps, going to physical sportsbooks or by using lottery kiosks. The vast majority of bets, just over $4 billion, have been made on apps.

Combined, companies after paying winnings have made $577 million in revenue, with $564 million being made by betting apps. This has generated $61.4 million of tax revenue for Ohio.

In July, the state’s 18 betting apps took in $320 million in bets, and had $35.9 million of revenue. Ohio’s 14 physical betting lounges took in $11.5 million of bets, and had $1.2 million of revenue. The Lottery’s kiosks took in $847,000 of bets and had $131,000 of revenue.

Categoría:Sportsbook

Tags: Sin tags

País: United States

Región: North America