HomeOhio Sports Betting NewsOhio Sportsbooks See Decrease in February Sports Betting Handle

Ohio Sportsbooks See Decrease in February Sports Betting Handle

Ohio sportsbook companies took in $638,822,345 million worth of bets in February, down from the $1.09 billion Buckeye State gamblers wagered in January, according to an Ohio Casino Control Commission report published Friday.

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While the bookmakers saw a significant dropoff from its phenomenal January record-setting handle, the Buckeye State still ranks 3rd in overall handle among legalized US states through February 2023.

February Sportsbook Revenue Down

The Buckeye State handle might be down, but Ohio online sportsbooks generated $82.9 million in taxable February revenue.

That was down from the $208,921,342 January totals, but promotional betting credits and bonuses heavily impacted those numbers.

Tax Revenue Generated

Tax dollars generated by Ohio sports bettors are earmarked for state aid education, local government, and problem gambling.

The state took in $82,921,878 in February tax dollars, and thus far, the Buckeye State coffers are $291,861,718 richer thanks to legalized sports betting.

FanDuel Tops February 2023 Mobile Handle

For the second-consecutive month, FanDuel continued to dominate the online operators, taking in $232,754,873 in wagers, down from their January opening mobile handle of $494,195,388.

Operator

February

January

FanDuel

$232,754,873

$494,194,388

DraftKings

$214,018,544

$343,971,125

BetMGM

$46,131,922

$82,120,011

Bet365

$30,989,095

$38,627,894

Caesars

$28,445,730

$31,494,714

Ohio Retail Handle Sees February Decline

Ohio oddsmakers saw a decline in retail or in-person wagering, taking in $17.1 million in February wagers at the 14 brick-and-mortar sportsbooks. Hollywood Columbus (Barstool) led Buckeye State bookmakers with $2.7 million in February sports betting handle.

Operator

February

January

Hollywood Columbus

$2,759,083

$3,151,796

Hard Rock Cincinnati

$2,423,168

$4,419,748

Jack Cleveland

$2,265,212

$3,500,842

Scioto Downs

$1,913,040

$1,808,484

Jack Thristledown

$1,647,408

$1,630,858

Sharp Decline in Promotional Wagers

The Ohio Casino Control Commission allows sportsbooks to offer promotional sign-up bonuses to attract new customers. The promos are included in the gross handle, taxed at 10%, and expected to be eliminated after a one-calendar year of operation.

FanDuel offered Buckeye State customers $19,712,099 million in February betting credits and promotions, down from the $168.6 million in January freebies.

Rounding out the top five in promotional offers are DraftKings ($18,351,047), Bet365 ($9,650,499), BetMGM ($4,721,606), and Tipico ($1,933,770).

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 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
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 $300 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