With the recent changes in sports betting laws in Ohio, many people are wondering how this will affect the popularity of sports betting in the state. While it is still too early to tell for sure, it seems that sports betting is becoming more popular in Ohio, with many people looking to take advantage of the new laws.
There are a few reasons why this may be the case, including the fact that there are now more options for people to bet on sports, and that the process is now much simpler and easier to understand. Whatever the reason, it seems that sports betting is here to stay in Ohio, and that it is only going to become more popular in the years to come.
If you want to bet on sports in Ohio, this article will give you a few pointers.
How popular is sports betting in Ohio?
According to a study conducted by the American Gaming Association, it is estimated that around 3% of adults in Ohio place bets on sports. This may not seem like a lot, but when we consider that there are over 11 million adults living in Ohio, this 3% translates to over 330,000 people who bet on sports.
The most popular sport to bet on in Ohio is football, with nearly 60% of all sports bets being placed on NFL and college football games. Basketball comes in a distant second at around 15%, followed by baseball at 10%.
Blast of a match between the two so-called small footballing nations 💥
Never underestimate the World Cup 🤬#Ghana #SouthKorea #FIFAWorldCup pic.twitter.com/bX6TWK6XAg
— FootTheBall FC (@FootTheBallFC) November 28, 2022
Sports betting as a tool for economic development in Ohio
Sports betting can be a tool for economic development in Ohio. By legalizing and regulating sports betting, the state can generate new revenue that can be used to invest in infrastructure and other economic development initiatives. Additionally, sports betting can create new jobs in the state, both in the private sector and in the public sector.
According to the Ohio Department of Taxation, sports betting generated $58 million in tax revenue for the state in 2018. This is a significant amount of money, and it shows that sports betting is definitely having a positive impact on the state’s economy.
What types of bets are popular in Ohio?
There are a few popular types of bets in Ohio. While it depends on the sport in question, some of the most common bets include moneyline, point spread, and parlay bets.
The most popular type of bet in Ohio is probably the moneyline bet. This is a bet on which team will win the game outright. Because there is no point spread involved, the odds are usually even money (1 to 1) or slightly in favor of one team or the other.
The bottom line is that sports betting is becoming more popular in Ohio, and there are a number of reasons why this is the case.