April Sportsbook Revenue Down
Revenue has steadily dropped since January, with April following suit. However, the end of April may differ. Exciting games are lined up for three home teams in the NBA, three more NHL playoff games, and all 30 of the MLB teams will be playing. According to OH Betting, the final revenues from the month of April are set to see substantial March saw bets totaling 1BN, an increase of over 300M following February. The March Movement is largely seen as a function of the March Madness tournament.
With a quick payout speed of 1-3 days, DraftKings has fast, safe and secure banking transactions. They provide professional customer support and a mobile app with a clean interface. While their odds may be less favorable, DraftKings offers a good live betting section with markets in major leagues and a licensed sportsbook.
A trusted and reputable name in the industry, Caesar’s was among the first to launch and operate online sportsbooks. They rank as one of the best in the US and are licensed in over a dozen states. With promotions like odds boosts and deals, Caesar’s also offers a strong mobile app with in-app NFL live-streaming.
You can find the best Same Game Parlays in this top sportsbook. They offer fast and safe banking with licenses in many states, including Ohio. Though they have no shared wallet, FanDuel provides various promotions and a good loyalty program.
In comparison to March, promotional activity in April has remained consistent. The most attractive promotions continue to be sign-up bonuses. It is important to utilize any earned credits from sign-up bonuses before they expire. Caesar’s in particular stands out as a sportsbook that provides a high sign-up offer.
Gift Card Approval May Improve Revenues
The Ohio Casino Commission Control (OCCC) approved gift cards as an acceptable method of payment for legal sportsbooks in the state of Ohio. This means that in addition to debit and credit cards, gift cards may soon become a viable method of payment for several bookmakers in the state. According to OCCC spokeswoman Jessica Franks, no company has formally submitted themselves for approval in order to use this new payment method. In addition, many rules and regulations follow, such as strict precautions for advertising outside of college campuses and ensuring that only people over the age of 21 are able to purchase and use gift cards.
Future 2023 Sportsbook Handle outlook
Slower months may follow predictable trends, but when sports schedules get dense, expect that handles, wagers, and revenue rise. The NBA and NHL playoffs in April-June will set the tone for revenue during the regular seasons later in the year. We can expect the NFL’s regular September-December season to contribute substantially to Ohio’s sportsbook revenue.