Ohio posts $51.2m in June sports betting revenue
The Buckeye State had its lowest month this year so far.
The Ohio Control Commission has released its sports gaming revenue report for the month of June. The Buckeye State brought in a total revenue of $51.2m for the month.
However, the statewide monthly revenue dipped significantly when compared to results from May. June’s revenue fell by close to $16m month-over-month.
During June, the state’s online sports betting revenue reached $50.5m, while retail locations generated another $0.7m.
Ohio reported a total taxable revenue of $51.2m during June as well.
In addition to the monthly totals, the state gave an update on its results for the first six months of 2024.
January continues to hold the title of the highest earning month this year, with total revenue surpassing the $100m and reaching $113.1m.
April and May came in as the second and third-highest producing months for Ohio sports betting. Online and retail locations generated almost $74m in revenue during April and $67.3m in May.
So far this year, June ranks as Ohio’s lowest month.
The Ohio Casino Control Commission recently submitted a new rule regarding promotions and bonuses.
The amendment states that promotions must be unambiguous and clear. “Terms and conditions that are full, accurate, concise, transparent, and do not contain misleading information,” the commission stated.
More specifically, these offers need to include dates and times they are active and expire and must display rules of play, nature and value of awards or prizes, as well as what makes someone eligible.
Ohio welcomed legalized sports betting in January 2023. 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.
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