Sports betting revenue in Ohio falls to $55.5m during December
The state posted twice as much during the previous month.
Key Points
- Sports betting has been legal for two years in Ohio
- Retail locations reported a revenue loss for the month
The Ohio Control Commission has released its sports betting report for the month of December.
The Buckeye state’s sports betting revenue for December totaled nearly half what Ohio generated during November. December’s revenue total reached $55.5m.
To date, 38 states in the US and the District of Columbia have opened legal regulated sports wagering markets since the Supreme Court overturned the previously established nationwide sports betting ban in 2018.
Online sports betting activity statewide during the month of December generated close to $56.6m in revenue, while retail destinations reported a revenue loss of more than $1.1m.
The state’s total revenue for the year reached $899m, down nearly $35m when compared to the total posted in 2023.
Online revenue year-to-date has reached $882.9m, while revenue from retail locations has brought in more than $16.4m.
Good to know: Ohio opened its legal sports betting market two years ago
The state reached a high water mark for the second time in its history by posting a monthly sports betting handle that surpassed $1bn last November. The Buckeye State’s total handle reached $1.03bn during that month, an increase of 19% when compared to results posted one year ago.
Last month, total casino revenue reached more than $89.1m, reflecting an over $2m decrease when compared to November casino results posted last year (totaling $91.7m) and a nearly $5m increase month-over-month (November revenue totaled $84.3m).
During December, slot games contributed close to $63.8m to the monthly revenue total, while table games chipped in nearly $25.3m.
For the fiscal year, the Buckeye State has generated more than $1bn in overall casino revenue. Slot revenue has reached $732.7m, while revenue from table games has brought in more than $276m.
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