HomeOhio Sports Betting NewsOhio Sports Bettors Wager Over $1 Billion in January 2023

Ohio Sports Bettors Wager Over $1 Billion in January 2023

The Ohio Casino Control Commission (OCCC) just released its January betting totals which shows Buckeye State bettors wagered $1.1 billion during the first month of legalized sports betting.

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Ohio sportsbooks overtook New York’s historic post-PASPA January $149.9 million in revenue and are now the top post-PASPA monthly revenue earner and accomplished it in just 31 days.

As a result, the January handle catapulted Ohio to number two among the 36 states and Washington, D.C., with legalized sports betting.

The 17 online sportsbooks led the way with $1.09 billion in the total betting handle, and the revenue after promotional wagers was $205.7 million. The 12 retail sportsbook proprietors reported a $22.9 billion handle and $3.2 million in revenue.

FanDuel Leads Online Proprietors

FanDuel, operating under the Belterra Park license, led Ohio proprietors with a whopping $491 million in handle for a net revenue of $103.2 million. The state’s top 5 online sports betting operators handle and revenue for January:

FanDuel also led all Ohio sportsbook operators in taxable revenue, netting $103.2 million from Buckeye State sports bettors.

Ohio Retail Sportsbooks Off to Slower Start

Ohio retail sportsbooks took in $22.9 million at the 12 locations throughout the state. Seminole Hard Rock Digital handled $4.4 million for a state-leading $792,713 revenue. The top 5 retail proprietors in the Buckeye State by handle and revenue are:

  • Hard Rock Cincinnati, Hard Rock Sportsbook – $4.4 million ($792,713 in revenue)
  • Jack Cleveland, BetJack – $3.5 million ($485,860 in revenue)
  • Hollywood Columbus, Barstool – $3.1 million
  • MGM Northfield Park, BetMGM – $2 million ($421,627 in revenue)
  • Scioto Downs, Caesars – $1.8 million ($205,781 in revenue)

Promotional Bets Could Skew January Numbers

The January numbers might be skewed as nearly every Ohio sports bettor used some sort of promotion involving betting credits.

These promotional wagers are non-taxable opportunities to attract new business, and it worked – now the sportsbooks have to retain their new customers, which will greatly impact the February numbers.

  • FanDuel Ohio – $168.6 million in promotional wagers
  • DraftKings Ohio – $86.6 million in promotional wagers
  • BetMGM Ohio – $27.3 million in promotional wagers
  • Bet365 Ohio – $15.9 million in promotional wagers
  • Barstool Ohio – $5.4 million in promotional wagers

What February Numbers Could Bring

The Ohio sports betting world got off to a roaring start with the historic January opening but what can we expect to see in February?

Super Bowl LVII

As reported earlier this month, GeoComply tracked 1.1 million unique accounts for the Saturday-Sunday Super Bowl LVII weekend and 12.6 million GeoChecks.

Many of these new accounts were from Kentucky residents crossing state lines to wager on the Super Bowl.

Full Month of Statewide Lottery Kiosks

We told Ohio sports bettors the story of the Intralot Kiosk delay causing 100s of restaurants, bars, and state lottery agents to miss most if not all of January and into February.

Those kiosks run in nearly all OCCC-licensed businesses, and Ohio could see a boost from the kiosks.

FAQ

What is PASPA?

PASPA, or Professional and Amateur Sports Protection Act, prohibited wagering on fixed odds sporting events except for Las Vegas. That law was repealed in 2018 and is now left up to the individual states to decide the legality of sports betting.

What is a betting handle?

The betting handle is the number of total wagers a sportsbook operator takes in over a period of time. It could be a single game, a specific sports season amount wagered, or in the case of Ohio, what was wagered at the sportsbooks during January.

What is betting revenue?

Betting revenue is the amount the Ohio sportsbooks keep out of the amount wagered.

What are promotional bets?

Promotional bets are non-taxable promos offered by Ohio sportsbooks to new and existing customers.

How much does the state of Ohio gain in tax revenue from Sports Betting?

Ohio charges a 10% tax on proprietors at the rate of 10%. However, Ohio Gov. Mike DeWine has proposed a new 20% tax rate, if passed, that could begin sometime in 2024.

Ohio sportsbook offers


Bet365 Bet $5 Get $150 in Bonus Bets
21+ and present in Ohio. Play responsibly. Gambling problem? Call 1-800-589-9966 or visit www.mha.ohio.gov
Caesars Second Chance Bet Up To $1000
21+ and present in Ohio. Play responsibly. Gambling problem? Call 1-800-589-9966 or visit www.mha.ohio.gov
DraftKings Bet $5 Get $200 in Bonus Bets
21+ and present in Ohio. Play responsibly. Gambling problem? Call 1-800-589-9966 or visit www.mha.ohio.gov
BetRivers Second Chance Bet Up To $100
21+ and present in Ohio. Play responsibly. Gambling problem? Call 1-800-589-9966 or visit www.mha.ohio.gov
FanDuel Bet $5 Get $150 in Bonus Bets
21+ and present in Ohio. Play responsibly. Gambling problem? Call 1-800-589-9966 or visit www.mha.ohio.gov
BetMGM Second Chance Bet Up To $1500
21+ and present in Ohio. Play responsibly. Gambling problem? Call 1-800-589-9966 or visit www.mha.ohio.gov
Betway No Welcome Offer
21+ and present in Ohio. Play responsibly. Gambling problem? Call 1-800-589-9966 or visit www.mha.ohio.gov