Ohio posts $83m in October casino revenue
Results from the month exceeded those posted in October 2023 by nearly $4m.
Key Points
- The state reported year-over-year casino revenue growth for another month
- Revenue for the year so far has reached more than $800m
The Ohio Control Commission has published its October revenue results for casinos throughout the Buckeye State.
Total revenue during the month reached $83m, reflecting a nearly $4m boost when compared to October casino results posted last year.
Slot games contributed close to $60.1m to the October revenue total, while table games chipped in nearly $22.9m.
So far this year, the Buckeye State has yielded more than $835.4m in overall casino revenue. Slot revenue has reached $608.8m, while revenue from table games has brought in more than $226.5m.
To date, 38 states in the US have opened legal regulated sports wagering markets since the Supreme Court overturned the previously established nationwide sports betting ban in 2018.
The state recently posted its sports betting results for October, which reached $901.4m.
Ohio’s handle for the month rose by more than 20% year-over-year.
Good to know: Ohio welcomed legalized sports betting nearly two years ago
Online bettors placed more than $881.7m in wagers in October, while players at retail locations wagered another $19.7m.
The Buckeye State brought in more than $81.5m in revenue during the month.
In other state news, Senator Niraj Antani has written a bill that could cut the tax rate on statewide sports betting in half, according to a Dayton Daily News local report.
If passed, Senate Bill 190 would reduce the current tax rate from 20% to 10%, which was the original rate the state adopted when it opened its regulated market nearly two years ago.
The Buckeye State opted to raise taxes on sports betting last year. Antani, who wrote the bill to bring legal sports betting to Ohio, told local news that he believes the move to raise taxes was a mistake.
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