Friday, November 17, 2023

Ohio’s sports betting drops significantly to $638M in February.

Ohio Sportsbooks Bring in Over $82 Million in February

According to data from the Ohio Casino Control Commission, Ohio sportsbooks brought in more than $82 million in February from the $638 million in wagers placed across the state. This is the state’s second month of legalized sports gambling, and the vast majority of wagers were made through mobile sports betting apps. Ohio’s retail betting locations, like casinos or sportsbooks inside stadiums and ballparks, account for just $17 million of the $638 million wagered in February.

Hard Rock Casino Cincinnati’s Revenue from Sports Betting

The data from the Ohio Casino Control Commission also shows that The Hard Rock Casino Cincinnati’s revenue from sports betting in February was $1.38 million. This revenue is a combination of online wagers and in-person bets.

January vs. February Betting Numbers

Overall, February’s betting numbers are down in comparison to January. In Ohio’s first month of legalized sports gambling, more than $1.1 billion was wagered by gamblers. However, in February, sportsbooks paid out $552 million in winnings to bettors which is a significant increase from January’s $430 million.

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