Falling Sports Betting Revenue in Ohio: Causes and Consequences
Date: 2024-04-03 Author: Alex Crawford Categories: SPORTS BETTING
Despite the Super Bowl furore, sports betting revenue in Ohio fell 41.4% in February. Sports betting revenue fell to $66.3 million from $113.1 million in January.
The online betting sector continues to dominate the market, with turnover of $657.7 million and revenue of $66.4 million, representing 98% of monthly turnover. However, retail trade ended the month in the red.
Sportsbook giants FanDuel and DraftKings are vying for supremacy in the online betting market in Ohio. The leadership remained with FanDuel, but the gap with its competitor DraftKings was reduced to a minimum.
Unlike sports betting, Ohio's casino industry saw an uptick in February. Casino revenue increased 11% compared to January, reaching $83.5 million.
