reported that Ohio’s sports betting handle surged to $548 million in the month of August. This significant increase in handle was attributed to the return of major sports leagues such as the NFL and college football. Ohio residents and visitors alike showed strong enthusiasm for sports betting, leading to a record-breaking month for the state.
The surge in handle also resulted in a substantial increase in revenue for sportsbooks operating in Ohio. The total revenue generated from sports betting in August was reported to be $49 million, marking a significant growth in the industry. This positive trend is expected to continue as more sports events take place in the coming months.
Ohio’s sports betting market has been flourishing since its launch earlier this year. The state legalized sports betting in July, allowing both in-person and online sports betting. This decision has proven to be beneficial for Ohio’s economy, as it has created new opportunities for businesses and increased tax revenue for the state.
Industry experts predict that Ohio’s sports betting market will continue to grow in the coming months, with more sportsbooks entering the market and more residents participating in sports betting. This growth is expected to bring even more revenue to the state and further solidify Ohio’s position as a key player in the sports betting industry.
Overall, the surge in sports betting handle in Ohio highlights the strong demand for sports betting in the state and the positive impact it has had on the economy. With continued support from residents and a favorable regulatory environment, Ohio’s sports betting market is poised for further growth and success in the future.
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