Ohio’s online sports betting market is expected to grow in 2019 to reach $6.7 billion, according to a new report from the sports gambling industry’s trade association.
The industry is expected grow at a rate of 15 percent per year in 2020, and that growth is expected for Ohio, which currently accounts for about 20 percent of all sports betting revenue, according the report.
The report, which is based on data from online sportsbooks that include betting sites like BetOnline, Sportsbook.com and SportsbookCasino, said that eCommerce is expected be the largest category by volume for 2020 with a $5.3 billion market cap.
The next biggest category by market cap is Commerce, with $3.9 billion in market cap, followed by eCommerce.
The industry is also expected to see more than $3 billion in sales revenue from the sale of tickets, merchandise, tickets to games, merchandise and merchandise accessories for events, and ticket sales for events.
The most popular category by sales revenue for 2020 is Event Services, with sales revenue of $1.5 billion, followed closely by e-commerce and Sportsbetting.
The report, entitled “Sports Betting Market in Ohio, 2020,” was prepared by the Sports Betting Association and Sports Bet Services Association.
It was prepared for the Ohio Sports Bet Association, the Ohio Gaming Commission, the Sportsbook Casino and the Ohio State Lottery, among others.