Ohio surpassed $4 billion in total legal sports betting handle since going live on January 1, joining New York, New Jersey, Illinois, and Nevada as the only states to reach that mark in 2023.
Last Updated: Sep 1, 2023 12:50 PM ETlegal sports betting
handle since going live on January 1, joining New York, New Jersey, Illinois, and Nevada to reach that mark in 2023. The Buckeye State took in $331 million in wagers for July to reach that milestone while gross revenue for the month reached $37.1 million, according to figuresThe handle was down 8.6% month-over-month while profits were up 14.2% as revenue was greatly aided by the lowest number of promotions from sportsbooks, which totaled $10.7 million. That’s more than half the total of May , and down from the $14 million figure posted in June.
July's hold of 11.2% was up more than two points from June and went above 11% for the sixth time in the last seven months. Ohio’s 20% tax rate netted the state more than $7 million and put the year’s total number beyond $65 million.
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