Ohioans wagered $7.6bn in 2023, the state’s first year of legalized sports betting. [Image: Shutterstock.com]
Sports betting in Ohio had a great first year, bringing in over $7.6bn in handle in 2023.
According to figures from the Ohio Casino Control Commission, January recorded the most money wagered with over $1.13bn and July saw the least, just $331m.
David Forman, vice president of Research with the American Gaming Association, said it was the “fastest launch” they’ve seen outside of New York.
97% of bets were made through mobile or online devices
Notably, while both retail and online sportsbooks opened in Ohio on January 1, 2023, online betting has dominated. 97% of bets were made through mobile or online devices with FanDuel taking the largest market share at 43%.
When legislation was initially discussed, Ohio’s sports gambling revenue – the amount the state would receive in taxes – was estimated at around $19m in 2023 and $24m in 2024. The revenue the state has already made has obliterated those expectations. In 2023, Ohio made just under $190m, while sportsbooks took home nearly $750m in revenue.
