Ohio generates $48.6m in August sports betting revenue
Revenue for the month rose by more than $7m year-over-year.
Key Points
- The state reported a year-over-year increase in its monthly handle and revenue
- So far this year, the Buckeye state has generated $539m in sports betting revenue
The Ohio Control Commission has published its sports betting revenue report for August. During the month, players in Ohio wagered close to $549m. Last August, the state’s handle reached $378.8m.
The Buckeye State generated nearly $48.6m in revenue for the month.
Revenue rose by more than $7m when compared to results reported one year ago, which totaled $41m.
During August. the state’s online sports betting revenue reached $46.6m, while retail locations generated more than $1.9m.
Ohio reported total taxable revenue of $48.7m for August.
Good to know: Ohio opened its legal sports betting market January 1 2023
In addition to the monthly totals, the state gave an update on its results for the first eight months of 2024.
January continues to hold the title of the highest-earning month this year, in no small part down to the NFL playoffs, with total revenue surpassing the $100m mark 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.
Ohio welcomed legalized sports betting in January 2023. To date, more than 35 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.
In other state news, The Problem Gambling Network of Ohio (PGNO) has premiered a telehealth system called the Ohio Gaming Telehealth Network (OGTN).
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