Just over $3.2 million in bets were placed at the kiosks through March, netting $350,000 in revenue, according to monthly reports from the Lottery. This money is split between the Lottery and the vendors that run these machines.
, but the Ohio Lottery’s piece of the pie is so small that it’s been a losing proposition for both the Lottery and state coffers in what’s still a young industry.found in bars, restaurants and grocery stores bring in only a sliver of the money wagered each month, far exceeded by both mobile-betting apps and casino-style sportsbooks that don’t come under the Lottery’s umbrella.
Frizzi-Babb said the Lottery also had $335,000 of startup costs, which included staffing and about $50,000 on software updates. The kiosks were available at 940 locations in March and should be available at 1,100 business by the end of the year, Frizzi-Babb said. The state’s Casino Control Commission also collects fees, but it uses them to fund its regulation of sports gambling in Ohio. This was not included in the analysis. None of that money goes to the Lottery.and signed by Gov. Mike DeWine, created three kinds of sports gambling — mobile-betting apps, casino-style betting lounges called sportsbooks and betting kiosks that can be found in bars.
Eilers & Krejcik Gaming, a leading research firm in the gambling industry, predicts that at maturity Ohio’s sports betting industry will bring in about taxable $845 million in revenue each year — but hitting that mark could be years away. About $744 million would be from betting apps, and the other $111 million would be from casino-style sportsbooks and bars’ betting kiosks.
the Casino Control Commission. Instead of getting a share of the revenue, the Casino Commission pays its operating expenses through fees. The fees have been high enough to cover its bills.
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