Ohio Handle, Revenue Rise Significantly Year-Over-Year in September

The Buckeye State’s online and retail sportsbooks combined to generate $864.3 million, third-most since wagering went live in January 2023. 

Brad Senkiw - News Editorat Covers.com
Brad Senkiw ? News Editor
Nov 1, 2024 ? 16:07 ET ? 4 min read
Photo By - Photo By - Imagn Images.

Ohio’s sports betting market grew substantially year-over-year in September while the year-to-date handle reached $6 billion. 

The Ohio Casino Control Commission reported a monthly handle of $864.3 million during the first full month of football season. The amount wagered at online and retail sportsbooks rose 25% compared to September 2023 and was the third-highest handle since wagering went live in January 2023.

The gross revenue in September also jumped 30% year-over-year to $106.2 million, joining January as the only two months in 2024 to reach $100 million in profit. Online operators spent a combined $47.7 million on promotional bets.

The 12.3% hold for sports betting operators was up nearly a half point year-over-year and more than three points higher than August. With the NFL and college football in full swing, September’s hold jumped 57.5% while revenue increased a whopping 117.7% from August’s few days of college football and the entire NFL preseason.       

Tax revenue rises

The Buckeye State filled its coffers with $21.3 million in September. That’s more than double August’s $9.8 million and nearly $5 million more year-over-year. 

Ohio surpassed $125 million in tax revenue for 2024, and the $129.8 million is up 50.4% from this time last year.              

Majority hits double digits 

Operator September Handle Gross Revenue
DraftKings $308.7 million  $37.5 million 
FanDuel $276 million   $39.1 million  
bet365 $68 million  $7.6 million
BetMGM $52.4 million  $5.6 million
Fanatics Sportsbook $35.6 million  $3.6 million 
Caesars $29.2 million  $2.6 million 

Online sports betting accounted for $842.4 million of Ohio’s total handle and nearly $103 million of the September revenue. Nine of the 14 sportsbooks recorded double-digit holds for the month. 

DraftKings led all mobile operators with a $308.7 million handle while FanDuel finished second at $276 million. FanDuel enjoyed a higher hold, winning 14.2% of wagers to produce a state-best $39.1 million. Behind a 12.1% hold, DraftKings reached $37.5 million, more than double August’s haul.

bet365 took home third place with a $68 million handle while BetMGM was the only other operator over $50 million. 

Fanatics Sportsbook finished with $35.6 million in wagers while Caesars took in $29.2 million, about $500,000 more than ESPN BET. Hard Rock Bet and Prime Sports also reached $10 million in handle during September.         

New to the mix

Betr completed its first full month of operating a traditional sportsbook in the Buckeye State. After generating $179,546 during its soft launch in late August, Betr took in $614,496 in September, finishing 12th in Ohio ahead of only betPARX and Betly.  

Adjusted revenue for the newcomer that’s been primarily a microbetting and DFS operator fell nearly $10,000 shy of $100,000. 

The crowded sports betting state will have more company soon as Prague-based sportsbook Oddin.gg recently received a sports betting license from the Ohio Casino Control Commission.  

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