Ohio sports handle tops $1 billion in January
Ohio sports bettors wagered more than $1 billion in January a 25% increase from the amount wagered in December.
The state’s 14 mobile operators accounted for 98% of the handle, and the $992,185,583 in betting traffic was a 5.1% improvement from the $943,951,007 reported to the Ohio Casino Control Commission for December.
Sportsbooks also celebrated January as they reported revenues totaling $80,198,591. Mobile operators generated $80,470,686 in revenue.
Similarly, Ohio saw a boost to its coffers thanks to the increased sportsbook revenue. The state’s 20% sports betting tax generated $16,227,409 for the state in January, compared to $11,412,551 in December – a difference of 42.2%.
On a year-to-year basis, wagering was up substantially, as January’s handle increased 27.8% from the $792,061,204 wagered during January 2024. At the same time, though, the higher handle did not lead to higher revenues. Instead, sportsbooks saw a 27.5% decline in winnings from the $110,623,861 they reported for the same month last year.