Ohio Sports Betting Revenue Increases 49% Year-Over-Year in July

Sep 5, 2024 · However, the amount wagered in July was up 44% year-over-year. The 18 online sportsbooks led the charge, accounting for $466.6 million of the total handle and $53.6 million of Ohio’s revenue.

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Ohio Sports Betting Revenue Increases 49% Year-Over-Year In July

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Ohio Betting Revenue Soars In July As FanDuel Crushes

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Sep 6, 2024 · Ohio sports betting continued to reap rewards in July, with operators’ revenue soaring 49% year-over-year.. The Ohio Casino Control Commission (OCCC) and Ohio Lottery …

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Ohio Sportsbooks Drill Public, Claim $55 Million In July - Action …

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Sep 3, 2024 · The state collected close to $11.1 million in tax revenue based on its 20% rate, lifting the year-to-date total to $98.7 million. Nearly 77% of the $232.2 million in total tax …

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July 2024 Report: Ohio Sportsbook Revenue Up 34% YoY

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July produced the lowest Ohio sports betting totals of its first year with legal wagering in 2023. Now, it’s recorded the lowest totals of 2024, too. Ohio online sportsbooks reported $466.6 …

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Once Again, NFL Season Brings A Drastic Increase In Ohio Sports ...

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Nov 11, 2024 · The new football season brought in an 58% increase in sports betting in Ohio. Skip to Article ... revenue grew from $41 million to $49 million year-over-year. July revenue …

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Ohio Sportsbooks Haul In 49% More Revenue Year-Over-Year

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Ohio sportsbooks have performed well this July, earning $55.3 million in adjusted revenue in one of the slowest sports betting months.

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OHIO Betting: Make Smarter Bets - Covers.com

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Nov 20, 2024 · Ohio’s August Sports Betting Handle Rises 45% Year-Over-Year. Ohio sports betting produced its lowest hold since March. ... Ohio Sports Betting Revenue Increases 49% …

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Ohio Sports Betting Spikes In October, Second-highest Month On …

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Dec 23, 2024 · Still, Ohio’s sportsbooks keep reporting year-over-year increases. October was the seventh month in a row to see these gains, with $903 million in bets, up from $748 million in …

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Ohio Sports Betting Year In Review - Covers.com

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6 days ago · However, in almost two years of sports betting, the Ohio sports betting market has become one of the biggest in the U.S., with around $900 million in revenue in 2023 and near …

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Ohio Sports Betting Revenue Increases 49% Year-Over-Year In July

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The Buckeye State’s online and retail sportsbooks hauled in $55.3 million on a handle of $476.8 million while tax revenue surpassed $11 million.

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Ohio Generates Second Billion-Dollar Sports Betting Handle Ever

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8 hours ago · The Ohio Casino Control Commission reported a November handle of $1.03 billion, a 19% year-over-year increase and the second highest of all time behind the state’s first …

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Six Months In, Here’s How Much Money Ohio Sportsbooks Made …

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Jul 31, 2023 · So far sports, betting has netted Ohio about $54 million in tax revenue in six months. While Ohio’s tax rate doubled from 10% to 20%, but that did change did not happen …

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Ohio Sportsbooks Ring Up $113 Million In January Revenue

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Feb 29, 2024 · The Ohio Casino Control Commission reported adjusted gross sports betting revenue of $113.5 million for January on Thursday, becoming the quickest state to $1 billion in …

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Ohio's Sports Betting Numbers Hit $448 Million In May | MTS

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Jul 3, 2024 · During May 2023 — only months after going live with sports betting — Ohio took in $448 million. So we’re looking at a 37 percent increase year over year. Not too shabby, folks! …

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Sports Gambling In Ohio Surpasses $4 Billion Of Bets In 2023

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Sep 5, 2023 · Ohio’s sports betting companies have now taken in more than $4 billion in bets so far in 2023. That said, July was the slowest month for sports gambling so far this year.

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Halfway Through 2024, Ohio’s Sports Betting Industry Hasn’t Slowed

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Aug 1, 2024 · While the Ohio Lottery’s betting kiosks account for just $6 million of bets, and just under $600,000 in revenue. Sports gambling revenue is taxed at 20%. The state will get about …

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FAQs about Ohio Sports Betting Revenue Increases 49% Year-Over-Year in July Coupon?

Does Ohio require sports betting companies to report sport-specific data?

Ohio does not require sports betting companies to report sport-specific data. Still, Ohio’s sportsbooks keep reporting year-over-year increases. August saw $549 million in bets, up from $380 million in 2023. July saw $477 million in bets, up from $332 million. June saw $530 million in bets, up from $348 million. ...

How much do Ohioans bet on sports in 2023?

CLEVELAND, Ohio — Ohioans have now placed more than $4 billion worth of bets on sports gambling in 2023, though July was the slowest month for sports betting so far this year. Combined Ohioans bet just under $332 million in July, down from $363 million in June, according to compiled data from the Ohio Casino Control and Ohio Lottery commissions. ...

How much do Ohioans bet on sports in June?

CLEVELAND, Ohio — Ohio has had more than six months of legal sports betting, and while June was a slow month for both betting apps and physical sportsbooks, the industry has taken plenty of wagers so far., Ohioans bet $3.8 billion on sports in Ohio through June, according to compiled data from the Ohio Casino Control and Ohio Lottery commissions. ...

How much money did sports betting make in June?

Mobile-betting apps took in $348 million in bets in June, which led to $32 million in revenue. This is down from May, which saw $431 million in bets and $56 million in revenue. Ohio’s sportsbooks — casino-style betting lounges where you can place bets in person — took in $13.7 million in bets in June, down from $15.6 million in May ...

How much money did New York raise from sports betting?

In fiscal year 2023, New York raised more than $800 million in tax revenue from sports betting, 43.2 percent of nationwide sports betting state tax collections. Table 3 shows the handle, GGR, hold, and tax collections from all states that reported legal sports gaming revenues in fiscal year 2023. ...

Why has sports betting revenue soared?

Sports betting revenue has surged due to the legalization of sports betting in additional states, the rise of online betting platforms, and the robust sports culture in the U.S. Seasonal events like the Super Bowl and March Madness, among other drivers, further contribute to spikes in sports betting revenue. ...