Hollywood Mahoning Rakes in $8.7M in Gross Sports Betting Receipts in January
COLUMBUS, Ohio – In its first month of sports betting, Hollywood Mahoning Valley pulled in $7,470,293 in online wagers from its kiosks, and $1,239,428 at the Barstool sports book on the second floor of the Austintown racino.
Hollywood Mahoning’s combined gross receipts for January were $8,709,721.
Sports betting became legal in Ohio as of Jan. 1. The Ohio Casino Control Commission this week released its revenue report for the inaugural month.
The state received revenue of $205,694,761 from online (or type A) sports wagers statewide for the month. For on-site (or type B) wagering, it received $3,226,581.
The state’s total take for January was $208,921,342.
Fanduel led all online sports books in the state for January, with $494,194,388 in gross receipts. Draftkings was second with 343,9781,125 and BetMGM was third with $82,120,011. Barstool, which is owned by Penn National Gaming (Hollywood Gaming’s parent company), was fourth with $4,895,007.
For on-site gaming, Hard Rock Cincinnati finished first in gross receipts for the month with $4,419,748. Jack Cleveland finished second with $3,500,842 and Hollywood Columbus was third with $3,151,796.
The Ohio Casino Control Commission maintains oversight of online and retail sports betting.
Wagering from kiosks in the state’s bars and restaurants is managed by the Ohio Lottery Commission.
Copyright 2023 The Business Journal, Youngstown, Ohio.