- Ohio sports bettors wagered over $901.4 million in October
- The October handle total was the most since the state launched sports betting in January 2023
- Third most profitable month for Ohio in 2024
Ohio sports bettors flocked to their apps and local sportsbooks this past October, as patrons wagered more than $901.4 million for the month.
The $901,446,217 sports betting handle total for October is the second highest monthly total in the state’s history, only surpassed by its inaugural month in January 2023 when customers wagered more than $1.1 billion.
Online sports betting handle accounted for the vast majority of the state’s monthly total, notching more than $881.7 million.
Third Most Profitable Month of 2024
The Ohio Casino Control Commission also reported $81.13 million in taxable revenue for the month, which led to nearly $16.3 million in tax revenues for the month. It was the third most profitable month for Ohio sports betting in the year.
Despite the success, October did see a rather drastic dip in taxable revenue compared with September. There was nearly a $25 million decrease in October taxable revenue from September’s massive $106.1 million total.
January 2024 is still the most profitable month of the year for Ohio, as it led to more than $113.76 million in total taxable revenue.
To date, Ohio has seen more than $730.1 million in taxable revenue for 2024. The vast majority of taxable revenue comes from online sports betting, which has accounted for $712.13 million of the total revenue.
In all, Ohio has taken in more than $146 million in sports betting tax revenue for 2024.
FanDuel Tops All Operators in October
FanDuel remained the top operator in Ohio for the month, reported more than $307.2 million in online sports betting handle and nearly $34.5 million in taxable revenue. FanDuel has consistently remained as the top performing operator in Ohio since launch.
DraftKings followed next for the month, as the Ohio Casino Control Commission reported the operator did $297.9 million in online sports betting handle and $25.7 million in taxable revenue in October.
Bet365, which has done very well in Ohio since launching in January 2023, remained as a top-three operator for October. The sports betting operator reported $72.2 million in online sports betting handle and more than $6.1 million in taxable revenue.
Here are the total online sports betting operator figures for the month of December:
- FanDuel: $307,227,901
- DraftKings: $297,903,095
- Bet365: $72,229,539
- BetMGM: $59,488,055
- Fanatics: $41,693,272
- Caesars Sportsbook: $28,983,139
- ESPN BET: $28,432,651
- Hard Rock: $17,808,384
- Prime Sports: $11,914,313
- BetJack: $6,473,041
- Rush Street Interactive: $4,379,804
- Bally’s Interactive: $3,394,207
- Parx Interactive: $467,436
- Betr: $1,040,935
- MVGBet: $294,183
- SuperBook: $0
The operators reported the following taxable online sports betting revenues for October:
- FanDuel: $34,482,636
- DraftKings: $25,738,697
- Bet365: $6,114,963
- BetMGM: $3,941,725
- Fanatics: $2,951,052
- Caesars Sportsbook: $2,354,325
- ESPN BET: $2,055,461
- Hard Rock: $1,459,656
- BetJack: $371,716
- Rush Street Interactive: $348,793
- Bally’s Interactive: $346,572
- MVGBet: $37,359
- Betr: $34,361
- Parx Interactive: $18,788
- Prime Sports: $0
- SuperBook: $0
Ohio sports bettors recently achieved the second-highest monthly state handle total ever recorded, signaling a strong and growing interest in sports betting in the state. According to the Ohio Casino Control Commission, bettors in the state wagered a total of $1.2 billion in the month of October, just shy of the record set in September.
The surge in betting activity can be attributed to several factors, including the continued expansion of sports betting options in Ohio and the increasing popularity of online sports betting platforms. In recent years, Ohio has seen a significant increase in the number of sportsbooks operating in the state, providing bettors with a wide range of options for placing bets on their favorite sports teams and events.
Additionally, the legalization of online sports betting in Ohio has made it easier for bettors to place wagers from the comfort of their own homes or on the go using their mobile devices. This convenience has likely contributed to the increase in betting activity and the record-breaking handle totals seen in recent months.
The strong performance of Ohio sports bettors is a positive sign for the state’s growing sports betting industry and bodes well for its future growth. With more sportsbooks expected to launch in the state in the coming months and years, Ohio is poised to become a major player in the sports betting market.
Overall, the impressive monthly handle total achieved by Ohio sports bettors is a testament to the state’s vibrant sports betting community and its potential for continued success in the future. As more bettors discover the excitement and thrill of sports betting in Ohio, it is likely that handle totals will continue to climb, setting new records and solidifying the state’s position as a key player in the sports betting industry.
