This shows a slight decrease from May’s handle of $1.2 million and marks the first time in three consecutive months that the handle was less than $1 million.
The gross gaming revenue for the Ohio Lottery generated by June’s handle was $38,811, with a hold rate of 4% for the month. The revenue resulted in almost $5,350 in tax money for the state.
Although much lower than online sportsbooks in Ohio, the lottery kiosk companies and the 939 hosts shared $33,461 in revenue in June, which amounts to an average of roughly $280 in income earned per betting kiosk.
How the Five Kiosk Operators Fared in June
Sports Bet Ohio
During June, Sports Bet Ohio experienced a high volume of wagers, with a total of $438,295 processed through its 733 host locations. With a win rate of 1.2%, the company earned $5,693 in Gross Gaming Revenue (GGR). The proprietors received a share of $3,843, meaning each host earned approximately $5.24 for the month.
Unfortunately, there were $4,625 in voided wagers, but the state still received $1,850 in taxes.
UBetOhio
Through its 43 sports betting kiosks, UBetOhio processed $177,344 in sports wagers, earning $20,201 in Gross Gaming Revenue (GGR). The win rate was 11.5%, which resulted in each of the 43 UBetOhio hosts making $421 from their $18,181 share. The state collected $2,020 in taxes.
Unfortunately, UBetOhio had to void $1114 in wagers, which was the highest amount since its establishment six months ago.
Gold Rush Gaming
In June, Gold Rush Gaming had a total of $132,397 in wagers processed through its 74 host locations in Ohio. The company earned $7,678 in revenue, with each proprietor receiving a share of $6,991 after taxes. As a result, each host earned approximately $94.47 for hosting a Gold Rush Gaming sports betting kiosk.
However, there were $665 in voided wagers, which was the highest number since January. The state received $777 in tax dollars.
BetSkybox
BetSkybox processed $85,096 in wagers through its 40 host locations in June. Unfortunately, the company experienced a net loss of $1,886, resulting in no earnings for its 40 hosts.
Despite having just $105 in voided wagers, BetSkybox will not be subject to any state taxes due to its losing month.
BetIGG
BetIGG’s 49 hosts earned a total of $7,035 in revenue from Buckeye State bettors, who wagered $76,672. This resulted in a 9.2% win rate, with each of the 49 hosts receiving approximately $122 for their efforts.
Additionally, BetIGG has achieved its fifth consecutive month without voided wagers and paid $704 in taxes to the state.
Conclusion
The June 2023 results show a slight dip in performance for Ohio sports betting kiosks after several months of over $1 million in handle.
While major online sportsbooks generate the bulk of wagering activity and revenue, the kiosks provide an important localized betting option.
As the kiosk program matures, month-to-month fluctuations in handle and income for the self-serve terminals are to be expected. But the first few months indicate consistent demand for this new Ohio Lottery sports betting channel.
