Ohio sports betting wagers rise significantly in September

(The Center Square) – Ohio gamblers welcomed an entire month of football by betting nearly twice as much as they did in August.

According to industry analysts, September was one of the highest months for wagers since the state legalized sports betting in January.

“September was one of the busiest months in the short history of Ohio sports betting,” PlayOhio Managing Editor Steve Schult said. “We should continue to see increases into October with the addition of NHL and NBA games to the betting slate, and the ability to sustain these numbers will be indicative of how big the Ohio market can be.”

In September, Ohio bettors placed more than $690 million in wagers, well above August’s $378 million total, according to figures released by the Ohio Lottery Commission. It was the third-highest betting month, ranking only between January’s launch month and March for March Madness.

Mobile sports betting in September rose 83.3% from August, and retail betting was up more than 50%. Total sports betting revenue finished at $81.6 million, up 100% from August.

- Advertisement -

The state collected $16.4 million in total taxes.

The upswing shows a strong market in the state, according to BetOhio analysts.

“Revenue was also up to the tune of just over 100%, doubling last month’s gross of $40 million. This upward trajectory should continue through the fall and into the winter, but this strong of a rebound after a hard summer is a good indicator of market resilience,” BetOhio said.

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Sports betting bill still alive in Georgia House

(The Center Square) – A bill that would allow...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Men of Color Expo – Celebrating Men of Excellence

Tinker Federal Credit Union & PPBC Present Men of Color...

Vance Remarks Add Fuel to Trump, Pope Leo Dispute

(AURN News) — A growing dispute between President Donald...

On This Day: Lincoln Dies After Being Shot at Ford’s Theatre

(AURN News) — On April 15, 1865, President Abraham...

Utah, Arizona perform better than California on economic list

(The Center Square) - Most Southwestern states finished high...

DPI adamant waterpark conference wasn’t public meeting, others disagree

(The Center Square) – Jill Underly, Wisconsin’s State Superintendent...

WATCH:Backlash grows over Ferguson’s veto of anti-theft funds

(The Center Square) - Two weeks after Governor Bob...

Redistricting vote nears as ballots top 1M

(The Center Square) – With six days until Virginia...

As Houston Fleet Week begins, the Texas Navy is celebrated

(The Center Square) – As Houston Fleet Week begins...

UPenn appeals, fighting orders to reveal Jewish employees

The University of Pennsylvania hopes a federal appeals court...

More like this
Related

Vance Remarks Add Fuel to Trump, Pope Leo Dispute

(AURN News) — A growing dispute between President Donald...

On This Day: Lincoln Dies After Being Shot at Ford’s Theatre

(AURN News) — On April 15, 1865, President Abraham...

Utah, Arizona perform better than California on economic list

(The Center Square) - Most Southwestern states finished high...

DPI adamant waterpark conference wasn’t public meeting, others disagree

(The Center Square) – Jill Underly, Wisconsin’s State Superintendent...