sportsbook at hollywood casino lawrenceburg

“The bookies and the offshore accounts will keep taking your money either way. “All I know is, it’s more than we’re getting now,” Koenig said. Adam Koenig of Erlanger, said Kentucky could generate more than $22 million in new tax revenue from sports betting, based on a three-year-old estimate that gamblers would place about $2 billion a year in bets. Ohio’s launch will make Kentucky the only border state that doesn’t allow sports books, but a bill to legalize sports betting cleared a KY House committee this week. That might take two or three years to develop.”Ītkinson said most states have continued to grow their sports-betting revenue after rival states brought new options to the market.

“I would expect Ohio to probably be double the size of Indiana,” said John Atkinson, development director for 888 Holdings, a UK-based online gambling firm that announced a mobile betting platform with Sports Illustrated last year. Beyond that, the Ohio Lottery will make sports-gaming kiosks available in about 2,500 bars and restaurants statewide, likely including dozens within a 40-minute drive of the Hollywood Casino. So are the Cincinnati Reds and FC Cincinnati. That’ll bring up to five retail locations to Hamilton County and up to 25 statewide license holders who can offer mobile apps for betting.ĭowntown’s Hard Rock Casino and Belterra Park are expected to seek licenses. Into this mix now comes Ohio, which is developing rules to launch several new sports-betting options by January 1, 2023. Indiana’s total handle, or how much gamblers bet, was $3 billion, with 86% of that money going to online sports books. DraftKings and FanDuel own two thirds of the online market in the Hoosier state, with a combined $137 million in gross receipts, which is the money gaming operators keep after all bets are paid. Of course, its gains are a drop in the bucket compared to the sports betting apps that dominate the industry.

Hollywood rebounded by establishing itself as the top-performing retail sports book in Indiana, generating $15.5 million in revenue last year. The 25-year-old casino raked in more than $400 million a year in its heyday, but hasn’t exceeded $200 million since 2014, when Ohio’s 11 casinos and racinos fully opened. The Hollywood property got a much-needed boost when Indiana became the 13 th state to legalize sports betting three years ago. Lot Tan Mike Galle, general manager, Hollywood Casino Lawrenceburg, called the new Barstool Sports Book 'a mini-casino' in a tour of the property March 16.

Sportsbook at hollywood casino lawrenceburg