In February, Ohio’s sports betting revenue hit $67.7 million, with a 10.1% hold for the month. Handle reached $672 million, up 5% from February 2023, indicating sustained interest since the state’s betting launch on New Year’s Day 2023.
Sports betting apps saw $657.7 million in wagers, while retail handle was $13.4 million, and kiosk betting accounted for $892,000. Despite a 20.8% handle decline from January, state taxes increased to $13.5 million, boosted by Gov. Mike DeWine’s decision to double the tax rate to 20%.
Promotional spend dropped to $28.3 million, down 52.2% from last year. Despite lower revenue compared to the previous year, the state has collected $115.5 million in taxes since the new rate took effect in July.
Last updated on 02 Apr 2024 - 16:55
