More than 50 million sports betting geolocation transactions were reported in Ohio from Jan. 1-10, according to numbers shared with OH Bets by GeoComply. Legal sportsbooks went live in the state on Jan. 1.
GeoComply, a geolocation and fraud specialist, publicly shared data last week that there were just over 11 million geolocation transactions on Jan. 1 and Jan. 2. That pace barely slowed over the first 10 days of legal sports betting in the state, reaching a total of 54.5 million transactions over the 10-day span.
GeoComply also shared that 1.2 million user accounts recorded the transactions. That number includes individuals with multiple accounts across different sportsbooks, so it wasn’t 1.2 million unique users.
Wait for financial data
Interested parties will have to wait a while longer for financial data from Ohio’s sports betting launch, as the Ohio Casino Control Commission plans to share a revenue report for January data toward the end of February. Given Ohio’s sizable population compared to most other U.S. states, there’s interest among stakeholders at what various statistics like handle, gross gaming revenue, and tax revenue will look like from the first month of action.
There should be plenty of activity from sports bettors in the coming weeks, as the NFL playoffs begin Saturday. The Cincinnati Bengals open postseason play Sunday night against the Baltimore Ravens, which pins divisional rivals against each other. Even if the Bengals — who are favored in the matchup — get upset by Baltimore, users in Ohio will likely still wager significantly during the NFL postseason.
Once the NFL season concludes, wagering tends to diminish during the spring and summer months, although March Madness and the NBA postseason often still attract high interest from sports gamblers. The Cleveland Cavaliers are well positioned to make the NBA playoffs, although they aren’t considered a favorite in the Eastern Conference.
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