Ohio sports wagers top $746 million in October

Finance News

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  $746.3 million in October, according to compiled data from the Ohio Casino Control and Ohio Lottery commissions. The casino commission released its July revenue numbers last week. 

Betting tends to slow down in the summers and picks up in the fall, when both the NFL and NBA seasons start again.

Ohio bettors can wager now at FanDuel in Ohio and other sportsbooks in the state, including Barstool Sportsbook, Caesars and DraftKings.

Sports gambling first became legal in Ohio on Jan. 1. Throughseven months, Ohioans bet just under $4.2 billion using mobile-betting apps, going to physical sportsbooks or by using lottery kiosks. The vast majority of bets, just over $4 billion, have been made on apps.

Combined, companies after paying winnings have made $577 million in revenue, with $564 million being made by betting apps. This has generated $61.4 million of tax revenue for Ohio.