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Ohio’s sportsbooks continued an expected decline in activity and revenue in June from a combination of a reduced sports calendar and shrinking promotional offers from operators. The Ohio Casino Control Commission monthly report for 18 online sportsbooks and 14 retail venues showed $362.1 million in total statewide handle in June and $32.6 million in combined revenue. Those are the lowest monthly figures since legal sports betting began in the state on Jan. 1, with the handle down 18.9% from May’s $446.2 million and revenue of 43.7% from May’s $57.8 million.
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Such slowdowns in June are common among states with legalized sports betting, but Ohio also has some specific characteristics due to its newness. The promotional credits from the online sportsbooks to draw bettors fell to $14.9 million, far less than in any prior month.
When Ohio drew national attention with gaudy first-month figures of $1.11 billion in the handle and $209.6 million in revenue in January, the combined promotional offers amounted to nearly $320 million in giveaways. The June numbers demonstrate that Ohio seems likely to join neighboring Pennsylvania (which had $373.2 million in June handle) among the second tier of most active sports betting states, below New York, New Jersey, Illinois, and Nevada leaders.
Still, the Buckeye State performed impressively in the first six months of betting, reaching a combined $3.82 billion in handle and $539.4 million in revenue. At the 10% tax rate that ended on June 30, the state received about $54 million as its share of proceeds.
The rate doubled to 20% starting July 1 due to action by the legislature and Gov. Mike DeWine.
The June figures released by the casino commission do not include the much smaller activity on sports betting kiosks in bars and other locations. The Ohio Lottery previously reported that total betting amounted to $954,804, generating revenue of $38,811 at 939 such small-business sites authorized to host wagering in June.
The 14 sportsbooks at casinos, racinos, and sports venues combined $565,820 in revenue from $13.7 million in bets, with MGM Northfield Park taking special status.
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