$/€ Ohio’s Betting Turnover Reaches $ 1.1 Billion in Its First Month
Lina Almans
14 June 2022
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According to the Associated Press, Ohio’s regulated betting market generated a turnover of $1.1 billion in January 2023, its first month of operation.
The Ohio Casino Control Commission, the state’s gambling regulator, reported that the vast majority of bets were placed online, with 16 online sportsbooks earning $205 million in revenue, while 14 brick-and-mortar locations earned $3.2 million. Additionally, four Ohio casinos earned $86 million. State residents won $883.6 million in the reporting period.
Experts predict that Ohio could see over $8 billion in bets placed this year.
If these predictions hold true, the state will become the fourth-largest betting market in the US. Brands such as BetMGM, FanDuel, DraftKings, Bet365, Betway, and others have already launched in the state.
It’s worth noting that after online sports betting was legalized in New York, the state’s bookmakers generated a turnover of $1.63 billion in the first month.
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