Ohio’s chances to generate $12bln in bets
PlayOhio, a gambling news agency, anticipates Ohio’s virtual and land-based operators to produce $9-12 billion in wagering per year when they get completely matured.
These estimates also include $700-900mln in GGR annually, as PlayOhio assures that Ohio’s gambling market managed to generate approximately $900mln as gaming income, $12bln in gambles and $90mln in taxes.
An analyst at PlayUSA.com, Eric Ramsey, noted:
“Ohio fostered an open-model-approach and due to it its markets attract state and local operators. All giants of the United States’ market have one thing in common: they encourage contest among operators ensuring the market to be a more trustworthy income generator”.
After Ohio’s governor Mike DeWine signed legitimizing bill of sports betting in the region, it teamed up with 30 other regions of the United States and Washington district in legalizing and regulating gambling on sport events.
Additionally, Buckeye State is foreseen to be among the largest markets of the state and is to be launched no sooner than January 2023.
The head analyst at Playohio.com, Matt Schoch, mentioned:
“Under the terms of the bill, Ohio is among the top markets in the United States. The region’s sport stadiums attract the enthusiasts and this fact will ensure a promising future for sport wagering within the state”.
Ohio, Pennsylvania and Illinois have populations nearly equal: 11.7mln, 12.8mln and 12.6mln respectively and take the top places in the list of US betting markets.
Pennsylvania launched its virtual and land-based wagering services 2 years ago and produced around $5.3 billion in wagers and $415.3 million in GGR during the past eleven months of the current year.
Illions’ sportsbook produced $397 million in GGR and $5.2 billion in bets within the first ten months of the current year.
Eric Ramsey also stated:
“Ohio has enough chances to succeed in the local market as it owns many expert and college clubs. There are no substantial limitations for college sports wagering”.