Betfred exits Ohio sports betting market

Sports Betting

Betfred’s online sportsbook in Ohio and actual betting app will be closing in August, the company communicated this decision to its Ohio customers via email.

The news is not really surprising, Betfred has barely made a dent in the market share held by the likes of BetMGM, DraftKings, and FanDuel, among others. The platform’s Maryland sports betting handle was under $500,000 during the month of May.

Don’t forget, offshore online sportsbooks still have a decent presence in Ohio. This is because they were early, offering services before betting was even legal there.

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