Reporter at News 5 Cleveland
CLEVELAND — When sports betting launched in Ohio in January, the state produced jaw-dropping numbers with more than $1.1 billion dollars wagered. But it was a figure that by June had shrunk by 67% to $362 million. Sportsbook operators, though, weren't panicked; they had their eye on September for one reason: football.
Revenue figures released Tuesday by the Ohio Casino Control Commission show more than $690 million wagered on sporting events in Ohio. That's the third highest amount behind that January figure and $737 million wagered in March during March Madness and just ahead of the $639 million wagered in February fueled by the number one bet game of the year, the Super Bowl.
That September fell behind January is not a surprise, says industry analyst Robert Linnehan; that's a record that may stand awhile. In September, 97% of all bets were placed online, with Fan Duel and Draft Kings receiving the bulk of those bets, $207.8 million and $261.3 million, respectively. That means brick-and-mortar sportsbooks account for just 3% of the market. And Caesar's Sports Book inside Rocket Mortgage FieldHouse has actually paid out more in winnings in June, July and August than it took in in bets.
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