Ohio Sportsbooks Take $639 Million In February Bets, Revenue Over $82 Million

Written By David Danzis on March 31, 2023 - Last Updated on April 3, 2023
Legal sports betting in Ohio has strong showing in its second month.

Legal sports betting in Ohio continued its momentum in February, following January’s record-setting debut with another successful showing.

Ohio sportsbooks netted $82.8 million in revenue last month, according to March 31 data from the Ohio Casino Control Commission. The state’s 17 online sportsbooks reported $81.9 million, or 99%, of the monthly revenue.

Second month of legal sports betting in Ohio proves strong

January’s $208.9 million in revenue is an all-time monthly high in the United States. Legal sports betting in Ohio went live on Jan. 1, 2023.

Sports bettors in Ohio placed bets totaling slightly more than $638.2 million in February, down 42.6% from the previous month. In two months, more than $1.75 billion has been legally wagered on sports in Ohio.

Although a post-Super Bowl decline in sports betting activity is typical, Ohio’s nascent market trailed only New York and New Jersey in February handle (amount gambled) of the states who have already reported. February’s strong results support PlayOhio’s forecast of a top-five national market with nearly $10 billion in legal bets in 2023.

Ohio sportsbooks bring $29.1 million in taxes to the state in two months

The state’s sports betting revenue tax generated just over $8.3 million in February. Through the first two months of 2023, sports gambling has added $29.1 million to state coffers.

Ohio’s online sportsbooks account for the majority of both statewide handle and revenue. More than $621.1 million of the total amount bet in February was online, according to the state data. Almost 97% of all the money legally bet on sports in Ohio has been done using an online sportsbook.

FanDuel (37.47%) and DraftKings (34.46%) reported the highest monthly handle in February. The country’s two largest online sportsbooks accounted for 77% of Ohio’s digital revenue last month.

Ohio online sportsbook handle, revenue and market share: February 2023

Online SportsbookHandleRevenueMarket Share
Barstool$28,094,903 $1,652,0374.5%
Hard Rock$12,404,978 $1,329,7562.0%
PointsBet$5,248,144$542,130 0.8%
betJACK$3,021,375 $378,3770.5%
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David Danzis

David Danzis is a lead writer/analyst for Catena Media's network of Regional sites, appearing on PlayNJ, PlayCA and PlayOH. He is a New Jersey native and an honors graduate of Rutgers University. As a newspaper reporter for the New Jersey Herald and Press of Atlantic City, Danzis earned statewide awards for his coverage of politics, government, education, sports, and business. David covers northeast gambling and sports betting news with a focus on Atlantic City casinos. He lives in Mays Landing, NJ with his wife and two children. When not on the beach, golf course or snowboarding, David enjoys watching his beloved New York sports teams — Yankees, Jets, Rangers, and Knicks.

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