Ohio Sports Betting Revenue Numbers Took a Massive Hit

Normally, we’ve gotten used to seeing nothing but good Ohio sports betting news since its launch last year. Things indeed have been nothing short of tremendous for the state and things were quite electric from start to finish during the NFL season. Plus, college football betting was awesome too. However, there’s plenty of concern for lawmakers right now, as the update came in that Ohio sports betting revenue numbers took a massive hit. 

According to a report, the revenue for Ohio in February was $67.7 million. Normally that’d be a number that is celebrated, but that’s not the case for Ohio. Last year in February, things were much better, as the 2024 number was a 41.1 percent decrease from what we saw in 2023. The hope was that with the Super Bowl, Ohio would be able to stay on track for its winter projections. Despite the 49ers and Chiefs recording a classic game, it didn’t matter for the betting figures.

Last year, the Chiefs and Eagles faced off in the Super Bowl, which led to a ton of betting action. Ohio at the time was only in its second month of legal sports betting. The numbers could not have been better, which was amazing to see. However, it’s tough to pinpoint what led to such a decrease this winter. Ohio has consistently been one of the top betting states in the USA, so this definitely feels like a bit of a step backward.

Thus far in 2024, things have dropped a bit year-over-year, but it’s important to remember that everything was new in Ohio at this point last betting season, which of course led to an uptick in the states. It didn’t seem reasonable for everything to stay on course the way it was previously. Having said that, the hope is that Ohio can get back on track this spring and summer. It will be interesting to see how things go down in the coming months, but we’re confident that things will improve.

MLB betting in Ohio will help the betting efforts

It goes without saying, but MLB betting in Ohio will help the betting efforts. The MLB campaign officially kicked off last week and things have been a ton of fun to follow. In Ohio, baseball fans are surely going to be keeping a close eye on the Cincinnati Reds and Cleveland Guardians. Both the Reds and Guardians have a ton of talent, so fans can’t wait to see what those two clubs will be able to get done the rest of the way.

As of this writing, the Guardians are in Seattle for a series with the Mariners. This is a great early American League test for Cleveland, as Seattle is surely a team on the rise. The Mariners sent out Luis Castillo to pitch on Tuesday night, but the Guardians were able to get to him and post a nice win. From a confidence standpoint, this is only. going to help the Guardians as we enter the heart of the early stretch.

Meanwhile for the Reds, they’re in a big-time series with the Phillies. This is an exciting showdown for the NL Central side, as the Phillies have a loaded squad. The NL East club is of course led by the strong play of Bryce Harper, a man who is no stranger to taking home MLB MVP honors. While the Reds don’t have great MLB betting odds to win the division, we have a feeling they’ll be able to surprise a lot of people this season.

As for MLB betting as a whole, analysts think the Dodgers, Braves and Yankees will make a ton of World Series betting noise in 2024. The Yankees have looked perfect this season, with Juan Soto getting off to an incredible start. Although the Yankees aren’t located in Ohio, they have a huge following all over the USA. We expect plenty of wagers to keep on coming in for them to post victories throughout the month. They’re a team to watch for sure.

Ohio betting for the NFL Draft should provide solid numbers

As for the football action, don’t forget that Ohio betting for the NFL Draft should provide solid numbers. Whenever the draft takes place, it’s an event that captures a ton of attention – some people love it even more than the Super Bowl, which is saying a lot. In Ohio, both the Browns and Bengals are going to be ready to add some key talent on both sides of the ball.

The Bengals need help on offense and defense, as they shockingly missed the playoffs in 2023. The Browns snuck into the postseason, but they suffered an early exit. The good news for the Bengals is that Joe Burrow is expected to be fully healthy by the time the season starts. Having said that, Bengals fans will be betting big time on the NFL Draft, hoping they can get the team’s picks right. The exact same can be said for Browns supporters. The April 25 numbers should be sky-high.

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Peter Lewis

Peter Lewis Jr. comes from Mississippi where he and his family spend their days discussing college football, baseball and basketball. He's written sports journalism for years after studying journalism at a local university. Over time, Peter has cultivated extensive knowledge covering sports betting legislation across the country. He closely tracks the latest regulatory developments and provides key insights into their impacts. Peter also offers sharp MLB betting analysis, leveraging stats and trends to identify value on matchups.