Ohio bettors wagered more than $715 million at online sportsbooks in March, according to the latest revenue report released by the Ohio Casino Control Commission. Another $21.9 million was wagered in-person across the state at casinos, racinos, and sports venues.
In total, $737.2 million was wagered in Ohio in March, a month in which operators reported a taxable revenue of $95.2 million. (Ohio taxes sports betting revenue at 10%.) Both the handle and revenue in March topped February totals in the state. Promotional bonuses and credits totaled $44.4 million in March.
FanDuel, DraftKings pace operators
Unsurprisingly, FanDuel and DraftKings paced mobile operators in terms of both handle and revenue. FanDuel reported a monthly handle of $258.5 million and revenue of $37.3 million, while DraftKings’ handle totaled $228.4 million and its revenue for the month was $25.1 million.
Interestingly, bet365 made a strong push in March, reporting the third-highest mobile handle — $54.5 million — of any sportsbook. Promotional wagering played a key role in that stat, as bet365’s $16.9 million worth of promotional betting was the highest monthly total of any operator in the state. Bet365 reported monthly revenue of $12 million, joining FanDuel and DraftKings as the only operators north of $10 million.
BetMGM’s handle ($54 million) fell just short of bet365’s mark, while Barstool Sportsbook ($37.9 million) and Caesars Sportsbook ($36.4 million) were the only other mobile operators with a monthly handle above $30 million.
Hollywood Columbus (Barstool Sportsbook) had the highest monthly handle ($4.1 million) and revenue ($640,296) of the state’s in-person betting facilities.
A dip coming?
Sportsbooks went live in Ohio on Jan. 1, giving operators a chance to enter the sports betting market during a busy period of the sports calendar. The NFL playoffs were in full swing, and the college football national championship occurred in January.
February included the Super Bowl, typically the most popular sports betting event of the calendar, and March included the majority of the NCAA Tournament, which generates significant interest from bettors across the country.
While April includes a few marquee events, such as The Masters and the NCAA basketball championship games, most states see a dip in handle over the late spring and summer until the return of football season. That’s expected in Ohio as well, especially after the Cleveland Cavaliers were eliminated in the first round of the NBA playoffs.
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