Reports: 11.3 Million Transactions For Ohio Sports Betting Launch

GeoComply has released the numbers for the opening weekend of Ohio sports betting. During the first two days of activity, Ohio sportsbooks saw 11.3 million transactions. That breaks a two-day record across all states with legalized sports betting. It's a strong sign of how popular wagering already is in the Buckeye State.

Ohio Off To Strong Sports Wagering Start

For comparison, New York saw a reported 9.3 million transactions, Pennsylvania saw 8.2 million, New Jersey saw 6.7 million, and Michigan saw 5.8 million transactions. Ohio dominated the sports betting industry during its launch window.

“We are thrilled to welcome another state into the regulated online sports betting sector,” said Lindsay Slader, GeoComply SVP of Compliance. “As expected, residents of the Buckeye State enthusiastically greeted the market at the moment the calendar changed over to 2023.”

Ohio saw approximately 784,000 unique accounts made at 16 operators statewide. During the first hour of sports betting being active, more than 234,000 transactions were placed.

Cincinnati was the most active city during the launch window, responsible for 1,898,000 geolocation transactions. Columbus was second with 1,033,000 transactions and was followed by Cleveland which saw 772,000 transactions.

Cincinnati’s dominance is to be noted as Columbus is more populated, yet saw less action. This is likely due to the Cincinnati Bengals.

US Betting Market Continues To Grow

This launch further expands the overall U.S. sports betting industry. Now more than 44% of residents have access to legal sports betting.

“Today, about 44% of the American population can bet online with legal and responsible operators,” continued Slader. “The launch of regulated online sports betting in Ohio will better protect its citizens, with an increased commitment to responsible gambling and new funding for critical state programs.”

More sportsbooks are also on the horizon. Massachusetts is expected to launch both retail and online sportsbooks during Q1 2023. Missouri lawmakers are entering their legislative session with legal sports betting on the agenda.

The betting industry in the U.S. expanded greatly in 2022 and is already on pace to continue the trend in 2023. More residents will have access to sports betting than ever.

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