Ohio Sports Betting Launch Generates Impressive Numbers

Sports betting in Ohio has generated impressive numbers since its launch – we crunch the numbers, review the latest stats and discover why this gaming option is quickly becoming a fan favourite.

The state of Ohio recently launched its sports betting operations in January and has already broken records. With an impressive handle of $1.13 billion, the GGR revenue generated was a staggering $208.9 million. It is the third-highest revenue ever reported since sports betting began to be legalised across US states, showing just how well-received it has been in Ohio.

The first two weeks of sports betting saw FanDuel claiming over half ($320 million) of the promotional credits issued across Ohio. This incredibly large sum was because FanDuel alone made up $169 million in the total amount claimed by different entities involved in Ohio’s sports betting launch. On top of this, retail sports betting also contributed an additional $23 million to the overall handle generated during this period.  

In addition, the Betr app, owned by American YouTuber Jake Paul, accepted just shy of $1.1 million worth of wagers since their real-money gaming feature went live on Jan 13th – a noteworthy milestone for Paul and his team as they look to expand their reach throughout the United States and beyond.

For those who don’t know, Paul and Simplebet founder Joey Levy co-founded “Betr,” a sports media and mobile betting business, in August 2022. In a series of promotional stunts, Paul claims to have received $50 million in financing for this project. Regardless of where the start-up money came from, stakeholders will be happy with the revenue generated by Betr. 

It wasn’t only online operations that managed to rake in the big numbers either; Hard Rock Cincinnati was identified as the most active retail sportsbook with a handle totalling up to $4.4 million. JACK had two properties display positive results, with around $5.1 million being taken in together, while Hollywood properties took home a total of about $7.2 million across four sites combined.  

With such impressive numbers being posted so soon after its launch, there’s no denying that Ohio is on its way to becoming one of the major markets for US sports betting going forward – having already outpaced Nevada and New Jersey within these initial two weeks alone.

The Bottom Line

Ohio’s sports betting launch has generated impressive numbers. With a handle of $1.13 billion and GGR revenue of $208.9 million in its first two weeks, this could become one of the major markets for US sports betting going forward. 

FanDuel led the way with promotional credits totalling $320 million, and the Betr app accepted over $1.1 million in wagers since it went live on Jan 13th. Retail sportsbooks such as Hard Rock Cincinnati, JACK and Hollywood also took in significant revenue across their four properties.