Tag: Ohio

Ohio sports betting revenue down by 41.4% despite Super Bowl

Sports betting revenue in Ohio fell by over 40% in February, despite the Super Bowl early in the month.

Sports betting revenue dropped 41.4% to $66.3m (£52.8m/€61.5m) in February from January’s figure of $113.1m. February’s revenue was also 18.5% down year-on-year, with Ohio accumulating $81.3m in the same month last year, which was the second month of its sports betting market launching.

Ohio also saw a 17.2% decrease in handle, from $810.4m in January to $671.1m in February. However, February’s handle amount was 5% more than the $639m in bets received in the same month last year.

$599.7m was paid out in winnings during February, while $28.3m was written off as promotions. Taxable revenue amounted to $67.6m.

Ohio’s online sports betting sector continues to dominate the market. It was responsible for $66.4m in revenue and $657.7m in handle, the latter of which accounts for 98% of the monthly total. Retail actually finished in the red for the month, losing $122,288 during February.

Read more

Ohio bans player prop bets on NCAA games

The Ohio Casino Control Commission (OCCC) has banned player prop bets on college sports after granting a request from the National Collegiate Athletic Association (NCAA).

The OCCC’s decision came after NCAA president Charlie Baker sent a letter to the commission’s executive director Matt Schuler, requesting a ban to be implemented on player-specific prop wagers for its games. The letter was also endorsed by Ohio’s governor, Mike DeWine.

Bettors will no longer be able to wager on markets such as a quarterback’s passing yards or a basketball player’s points for NCAA games. Operators have until 1 March to introduce the restrictions.

In the OCCC’s announcement, the commission stated it would become the 25th state to either prohibit or limit player-specific prop bets on NCAA contests. The ban’s aim is to protect NCAA athletes against potential harassment from bettors, as well as curb match fixing.

Ohio only launched legal sports betting in January 2023. In July, the state passed a law t..

Read more

Catena earns record revenue from Ohio sports betting launch

Catena Media said it recorded its strongest-ever start for a US state launch of licensed online sports betting.

The Malta-based affiliate revealed that according to its preliminary data, new registrations in Ohio have led to engagement levels that surpass its launch in New York in 2022.

“This is without doubt our strongest state sports betting launch period to date,” said Ryan Harper, vice-president of Catena Media North America.

“We’re delighted to see strong traffic on our websites in relation to the Ohio launch. Player engagement in licensed sports betting has been very solid.”

Catena operates in Ohio through its national brands including Legalsportsreport.com, Gamingtoday.com, Thelines.com and Lineups.com, as well as through strong regional websites such as Playohio.com.

Operating in over 20 regulated states and provinces in North America, Catena recorded revenue of €80m (£71m/$86m) in the 12 months to September 2022, representing a growth of 33% from 2021.

Ohio launches spor..

Read more

Want To Keep Up To date with our latest news and information? Please enter your email address below to be added to our mailing list

Bookielink.com is operated by Intraseculink Ltd, Registration Number: HE356617, 176 Athalassas Avenue, Office 401, 2025, Strovolos, Nicosia, Cyprus. BLUEINIC B.V. with Registration number 140279 and registered address at Abraham Mendez Chumaceiro , Boulevard 03, is licensed under Antillephone N.V. ,holder of Gaming License #8048/JAZ of the Central Government of the Netherlands Antilles. BLUEINIC B.V. is licensed and regulated in virtue of license number #8048/JAZ2016-030 granted by the Government of Curaçao to BLUEINIC B.V. The license was issued on ‎08-06-2016.

Bookielink.com © 2024 All rights reserved.