Ohio: Catena Media records highest launch period in a US state

After reporting all-time high income from new player registrations in Ohio, which legalised online sports betting on 1 January, Catena Media has recorded its highest launch period in a US state of licensed online sports betting.

rise
Listen To Article

Catena Media's business operates in over 20 regulated states or provinces. In September 2022, its rolling 12-month revenue hit c.€80m ($86m), an increase of 33%, while the group's adjusted EBITDA margin was 43%.

According to data, player engagement outperformed Catena Media's online sports betting affiliation's launch in New York in January 2022, which increased more transactions in the first two days than in any other state going live.

Ryan Harper, Catena Media Vice President of North America, said: "This is, without doubt, our strongest state sports betting launch period to date. We're delighted to see strong traffic on our websites in relation to the Ohio launch. Player engagement in licensed sports betting has been very solid."

Further, the affiliate says it is well positioned for the upcoming sports-heavy first quarter, which includes the Super Bowl and March Madness.

Ohio, the seventh-most populous state in the union, is currently the fourth-largest market by population for Catena Media. The group runs its operations in Ohio with its national brands, including LegalSportsReport.com, GamingToday.com, TheLines.com, and Lineups.com, as well as its strong localised websites, such as PlayOhio.com.

After New York, Louisiana, Ontario, Kansas, and Maryland, Ohio is the sixth North American market to be introduced in the last 12 months. Meanwhile, Massachusetts, which has a population of 7 million people, is currently anticipated to debut in the first quarter of 2023.

Recently, Catena Media appointed Carnegie Investment Bank as its financial adviser as it looks to sell off its European business. 


Affiliate News Sponsor
Premium+ Connections
Premium

Digitain

 
Premium

Galaxsys

 
 
Premium

Sport Generate

 
Premium

Lynon

 
Premium

Imagine Live

 
Premium

1xBet Partners

 
Premium

RISK

 
 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Scientific Games

Keshav Pitani

Esportes Gaming Brasil

Ana Carolina Luna Maçães

LeoVegas

Mattias Wedar

Kalshi

Sara Slane

Follow Us

Taking stock: Counting on crypto

Gambling Insider tracks the value of the biggest cryptocurre...

In focus: MiFinity

A trusted payments partner for the iGaming industry....

Panel: LatAm and crypto lead the way

During the SBC Summit Americas in Florida, executives from N...

In focus: Spayz.io

Payments that actually work for iGaming operators…...

A welcome from your host

A message from the Founder of the Global Gaming Awards and G...

From the Lead Partner

A message from BetConstruct - Lead Partner of the Global Gam...

The year in review

The Event Manager of the Global Gaming Awards reviews the mo...

Casino Operator of the Year 2025

We present to you the 2025 Shortlist for the Casino Operator...