The 2nd month of legal sports betting in Ohio didn't come close to January's incredible launching.
According to figures launched by the Ohio Casino Control Commission on Friday, the Buckeye State took in $638.8 million in sports wagers - down 42.6% from January's $1.1 billion debut.
However, that's not always bad news, as exceeding the very first month's handle was a nearly difficult task.
Regardless, only New York City ($1.47 billion), New Jersey ($847.4 million), and Nevada ($659 million) have actually reported a higher February deal with than Ohio. The Buckeye State, which imposes a 10% tax, saw sportsbooks take $82.9 million in taxable income, which was down from the previous month's $208.9 million earnings.
Sportsbooks combined to hand out $59.1 million in marketing credits, consisting of $38 million combined from FanDuel and DraftKings. That's well listed below the $320 million in benefit bets and credits that were distributed in the first month.
FanDuel and DraftKings control
A month after declaring an impressive 18.8% hold, sports betting in Ohio saw books still keep the win rate around 13% in February. Online sports wagering websites made up 97% of Ohio's February manage.
FanDuel and DraftKings integrated to account for 72% of the handle and 77% of the taxable revenue. FanDuel removed its competing with a handle of $233.3 million and taxable earnings of $38.4 million for a win rate of 16.4%. DraftKings wasn't far behind with $214 million in sports bets accepted, with income of $24.5 million.
Through the first 2 months of online sports betting being legal in Ohio, FanDuel and DraftKings have a combined manage of $1.3 billion. Meanwhile, BetMGM came in 3rd in February amongst online sportsbooks with a deal with of $46.1 million, plus another $1.6 million from retail places.
As an entire, retail wagers at the 14 brick-and-mortar sportsbooks fell from $23 million in January to $17.7 million in February.
Hollywood Casino Columbus (Barstool) had the very best retail handle at $2.7 million, but it paid out about $2.6 million in winnings to bettors. Acid Rock Cincinnati (Seminole Hard Rock Digital) and Jack Thistledown (BetJACK) were the only other retail books to reach $2 million in manage.
