Ohio's tax revenue gets a boost from sports betting

Ohio received 0.38% of its tax revenue from sports betting in the third quarter of 2023. 

That places the Buckeye State eighth highest among 43 states with legal betting programs, which includes traditional sports books and pari-mutuel wagering on events like horse racing. 

Ohioans bet nearly $7.7 billion in the program's first year, or $878 for every resident above the legal betting age of 21. 

The state raked in $133 million in tax proceeds. 

In Q3 2023, the national average was 0.2%. Montana had the greatest share at 1.2%. 

U.S. bettors are expected to wager over $2.7 billion on the 2024 men's and women's March Madness tournaments, the American Gaming Association estimates.