The sports betting market in the US is turning around this August, with quite a number of sportsbooks reporting better monthly numbers. The Buckeye state is the latest to release their numbers for August, and their numbers reflect a nationwide trend in handle and revenue. Sports betting in Ohio saw a 14.4% increase in handle from July, while revenue jumps by 10% month-on-month.
According to the report from the state’s regulatory body, the Ohio Casino Control Commission, the total monthly betting handle for the state is $378.8 million, which is 14.4% higher than the previous month. Similar to the numbers you may be seeing in your sports betting software, the increase in activity for August is driven by NFL preseason betting, as well as a few early college football games.
Sports Betting in Ohio is Seeing Better Numbers
As a bookie, you will want to also see an increase in revenue when you see a spike in betting activity. Your Pay Per Head Bookie service provider offers a complete software where you can see both your handle and revenue easily. Keep track of those reports so you can see the monthly behavior and earnings of your sportsbook. It will help you identify your sportsbook’s current activity, and be able to use previous data to predict market trends.
For sportsbooks in Ohio, revenue is at $40.8 million, which is 10% higher than the previous month. It is also the first month this summer that we are seeing a revenue break the $40 million mark. Hopefully, this means the beginning of a busier and more profitable fall and winter.
Meanwhile, the hold is at 10.8%, which is slightly lower than the previous month’s 11.2%. But since we are still at the double digits, there is little to worry about. September will be a much busier month for bookies, if we are to base it on the NFL and NCAA Football calendar. If you want to get in on the football betting action and bet on your favorite teams, start looking for a good sportsbook. These sportsbook reviews can help you find a reliable and fun sportsbook that you can try and bet on.
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