- The Ohio Casino Control Commission reported more than $1 billion in sports betting handle for November
- It was just the second month ever Ohio has cracked $1 billion in total sports betting handle
- November was also the second most lucrative month in Ohio sports betting history
Ohio sports bettors did something for just the second time last month since the Buckeye State launched sports betting in January 2023.
The Ohio Casino Control Commission recently reported more than $1 billion in total Ohio sports betting for the month of November, just the second time state sports bettors have cracked $1 billion in handle since the 2023 launch.
Additionally, Ohio also experienced the second most lucrative month of sports betting as well.
$1 Billion in Handle For Second Time
The $1,024,326,837 in November sports betting handle is only the second month Ohio sports betting had eclipsed the $1 billion mark. The last time the state did so was during its first month of operation, January 2023, which saw $1,113,591,970 in total handle.
In addition to the massive amount of handle activity, the Ohio Casino Control Commission reported $117,044,624 in taxable sports betting revenue for November, the second most lucrative month in the state’s sports betting history.
At the state’s 20% tax rate, Ohio took in more than $23.4 million in sports betting tax revenue for November. While the total was the second most ever, it paled in comparison to January 2023 when Ohio reported a whopping $208,518,576 in taxable revenue.
Through November, the state has reported $847,149,368 in total taxable sports betting revenue in 2024. This has led to $169,429,873 in sports betting tax revenue through the first 11 months of the year.
FanDuel, DraftKings Dominating Ohio
FanDuel and DraftKings have established themselves as the absolute top operators in Ohio, both doing more than $300 million in November online sports betting handle while no other operator in the state eclipsed $100 million in online sports betting handle.
FanDuel beat out DraftKings for the month, reporting $351.1 million in online sports betting handle compared with DraftKing’s $329.8 million.
Bet365 held onto its top-three position in Ohio, reporting $76,634,065 in online sports betting handle in November.
Here are the total online sports betting operator figures for the month of November:
- FanDuel: $351,149,157
- DraftKings: $329,862,262
- Bet365: $76,634,065
- BetMGM: $72,290,339
- Fanatics: $54,633,693
- Caesars Sportsbook: $35,236,203
- ESPN BET: $32,267,663
- Hard Rock: $23,301,320
- Prime Sports: $8,077,557
- BetJack: $7,769,337
- Rush Street Interactive: $5,642,694
- Bally’s Interactive: $4,690,965
- Betr: $1,016,973
- MVGBet: $508,273
- Parx Interactive: $361,625
- SuperBook: $0
The operators reported the following taxable online sports betting revenues for November:
- FanDuel: $46,475,194
- DraftKings: $37,886,990
- Bet365: $8,722,601
- BetMGM: $6,474,060
- Fanatics: $4,736,641
- ESPN BET: $3,472,075
- Hard Rock: $2,717,040
- Caesars Sportsbook: $1,741,974
- BetJack: $646,969
- Bally’s Interactive: $638,323
- Rush Street Interactive: $338,964
- Prime Sports: $271,140
- Betr: $72,636
- MVGBet: $36,016
- Parx Interactive: $1,294
- SuperBook: $0
Ohio sports betting has hit a new milestone, achieving record monthly revenue for the second time since its legalization. The state’s sports betting market has been steadily growing since it was launched in early 2022, and the latest figures show that it is continuing to gain momentum.
According to data released by the Ohio Casino Control Commission, sportsbooks in the state generated a total of $32.3 million in revenue in the month of September. This marks a significant increase from the previous record of $28.2 million set in August, and represents a 15% month-over-month growth.
The strong performance of Ohio’s sports betting market can be attributed to several factors. First and foremost, the state has a large and passionate sports fan base, with teams like the Cleveland Browns, Cincinnati Bengals, and Ohio State Buckeyes drawing in huge crowds and generating significant betting interest.
Additionally, the launch of online sports betting platforms has made it easier for Ohio residents to place bets on their favorite teams and events. This convenience factor has likely contributed to the increase in overall betting activity and revenue.
Furthermore, the ongoing legalization of sports betting in neighboring states like Michigan and Pennsylvania has also played a role in driving up revenue in Ohio. With more options available to bettors in the region, it is likely that some of this activity is spilling over into the Buckeye State.
Overall, the record-breaking revenue figures for Ohio sports betting are a positive sign for the industry’s future in the state. As more sportsbooks continue to launch and expand their offerings, it is expected that revenue will continue to grow and reach new heights in the coming months and years. Ohio sports fans and bettors have plenty to look forward to as the market continues to evolve and thrive.
