Ohio sports betting revenue hikes 15.8% to $73.9m in April

Sports betting revenue in Ohio reached $73.9m (£58m/€68.1m) in April, a 15.8% month-on-month increase.

The April revenue was a sizeable rise on the $63.8m reported in Ohio in March. The figure also takes Ohio to a year-to-date sports betting revenue of $317.1m.

Online accounted for $72.8m in revenue, 98.5% of the total. Retail, meanwhile, was responsible for $1.1m.

The rise in revenue was despite handle dropping 16.7% to $673.2m from March’s figure of $808.2m. Ohio operators paid out $593.1m in winnings, while $20.1m was attributed to promotions.

Year-on-year, handle was up 29.3% while revenue was 16.7% higher than the same month last year.

FanDuel still on top

FanDuel again led the way in April with online handle and revenue of $226.7m and $34m respectively.

DraftKings, meanwhile, reported April online handle of $216.8m and revenue of $20.8m.

Bet365 was third again for handle with a total of $48.9m, generating $5.1m in revenue. BetMGM and ESPN Bet reported handles of $45.2m and $35.8m respectively.

Ohio regulator examining Dave & Busters situation

In April, adult amusement company Dave & Busters announced plans to allow adult rewards customers to bet against each other.

However, the Ohio Casino Control Commission is investigating whether the six Dave & Busters venues in Ohio would violate state laws if they were to offer wagering.

In nearby Illinois, Representative Dan Didech filed the “Family Wagering Prohibition Act”. The bill would ban establishments such as Dave & Busters offering wagering.

Original Article