- 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
The post Ohio Sports Bettors Log Second Highest Monthly State Handle Total Ever appeared first on Sports Betting Dime.