Sports betting in Ohio saw a 14% increase compared to the previous month.
The combined value of online and retail sports betting in the US state was $380 million in August, a 14.4% increase from the $331.1 million recorded in July.
Online sports betting accounted for 96% of volume, with retail sports betting bringing in more than $14 million in bets – an increase of nearly $2 million from July.
DraftKings reported $133.8 million in industry deals, while FanDuel Ohio reported $115.8 million. It was the second time DraftKings surpassed FanDuel.
Bet365 announced revenue of US$27.6 million, BetMGM US$26.5 million and Caesars Sportsbook US$17.9 million.
The Ohio Casino Control Commission (OCCC) reported that sports betting revenue was $40.8 million, a 10% increase from July ($37.1 million).
Ohio Sports Betting Increases Year Over Year
Total sports betting in Ohio was $362.1 million in June, an 18.9% drop from the $447.5 million recorded in May.
It was the lowest monthly amount since legal sports betting began in the state on Jan. 1
The state had 19 mobile sportsbooks and 15 retail stores in operation as of August.
Operators paid $8.1 million at the 20% tax rate to the state, up from $7.4 million in July.
Ohioans placed more than $4.5 billion in bets in 2023.
It is worth noting that the betting market on sporting events in the United States has experienced a period of accelerated growth since 2018 following a decision by the country’s Supreme Court. From then on, each state began to legislate on the subject.
