Ohio could make over $30 million from sports betting before launch date

Ohio could make over $30 million from sports betting before launch date

Article brief provided by Play Ohio
  • Jake Garza, Play Ohio
August 31, 2022 7:05 PM
  • Jake Garza, Play Ohio
  • Ohio
  • Sports Betting

Ohio could make nearly $32 million from sports betting before the state even takes its first legal bet.

Ohio sports betting doesn’t officially begin until Jan. 1, but the application fees from future sportsbooks are already rolling in.

Between brick and mortar sportsbooks, online betting apps and kiosks in bars and restaurants, Ohio has a lot of different businesses looking to get in on the action.

Sports betting could generate $50 million worth of taxes every year in Ohio. That’s a solid number, and the state’s pile of application fees will only add to it.

So far, Ohio has brought in about $9.6 million from these fees. That number grows every week depending on the number of new applicants.