Ohio’s sports betting revenue down $114 million since January

Wednesday, May 3, 2023 3:37 PM
Photo: By Erik Drost - http...3237178498/, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=76626200
  • Neil Fischer, WKYC

Four months after sports betting became legal in Ohio, the numbers seem to have leveled out.

A report from the Ohio Casino Control Commission shows revenue down $114 million since January.

“It came out of the gates really aggressively,” explained JACK Entertainment senior vice president of sports and digital gaming Adam Suliman.

In January, Ohio brought in $209,302,866 from sports gambling.

Suliman told 3News that promotional and advertisement spending has been reduced since January from sports betting operators. For example, in January, JACK Entertainment spent $1.2 million on promotions, as opposed to $230,000 in March.

To attract customers to their sportsbook, JACK Entertainment has held larger viewing events during main sporting events.