Sports betting revenue in Ohio reached $73.9m (58m\/68.1m) in April, a 15.8% month-on-month increase.<\/p>\n
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. <\/p>\n
Online accounted for $72.8m in revenue, 98.5% of the total. Retail, meanwhile, was responsible for $1.1m. <\/p>\n
The rise in revenue was in spite of handle dropping 16.7% to $673.2m from Marchs figure of $808.2m. Ohio operators paid out $593.1m in winnings, while $20.1m was attributed to promotions. <\/p>\n
Year-on-year, handle was up 29.3% while revenue was 16.7% higher than the same month last year. <\/p>\n
FanDuel again led the way in April with online handle and revenue of $226.7m and $34m respectively. <\/p>\n
DraftKings, meanwhile, reported April online handle of $216.8m and revenue of $20.8m. <\/p>\n
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. <\/p>\n
In April, adult amusement company Dave & Busters announced plans to allow adult rewards customers to bet against each other. <\/p>\n
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. <\/p>\n
In nearby Illinois, representative Dan Didech filed the Family Wagering Prohibition Act. The bill would ban establishments such as Dave & Busters offering wagering. <\/p>\n
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Ohio sports betting revenue hikes 15.8% to $73.9m in April - iGaming Business<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Sports betting revenue in Ohio reached $73.9m (58m\/68.1m) in April, a 15.8% month-on-month increase. Continue reading