All About Ohio Sports Betting Handle And Revenue

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We at BetOhio.com, your home for expertise on all Ohio sports betting topics, put together this guide to explain terms such as handle, revenue and tax collections.

Ohio began its legal sports betting market on Jan. 1, 2023. The Buckeye State offers a variety of operators, and ways to bet, like no other jurisdiction. Ohio has more than two dozen outlets for either online or retail sportsbooks, with the latter being located mostly at casinos or racinos (the term for racetracks with slot machines). Ohio also offers hundreds of sports betting kiosks at businesses around the state.

Many professional sports teams in Ohio have partnerships with national sports betting brands to operate online sportsbooks. For instance, the NHL’s Columbus Blue Jackets partner with Fanatics and MLB's Cleveland Guardians have a deal with Bet365 Ohio Sportsbook to offer wagering.

As is the case in every state that offers legal, regulated sports betting, the vast majority of wagers are placed by folks using online operators to place bets at of Ohio sportsbook apps, using their smart phones, laptops or desktop computers.

In addition to those pro sports teams and facilities that have joined with online operators, there are retail sports betting outlets for in-person betting. The Cincinnati Reds have a retail BetMGM Sportsbook in Ohio and the Cleveland Cavaliers have a similar partnership with Caesars. The state’s four casinos and seven racinos also each have partnerships for retail sportsbooks.

Ohio sports betting, October vs. September

 

Total handle

Mobile handle

Revenue

October

$1134.960M

$1117.867M

$98.202M

September

$967.404M

$949.940M

$77.706M

Change

Up 17.3%

Up 17.7%

Up 26.0%

October might not have been the best month for NFL football in the Buckeye State, but nonetheless, Ohio sports bettors came out in a big way as the state set a record for monthly handle.

According to data that the Ohio Casino Control Commission reported on Dec. 1, the state’s mobile apps and retail sportsbooks accepted $1,134,959,970 in wagers for October. October’s betting traffic topped the previous all-time monthly high of $1,114,101,739, set in January 2023, the first month for Ohio sports betting. The initial record was boosted by $319,511,070 in promotional credits. In October, bettors used only $38,592,222 toward establishing a new high-water mark.

October’s handle was also 17.3% higher than the $967,403,547 wagered in September.

Online wagering alone in October broke the all-sources handle record as Ohio’s approved apps reported a handle of $1,117,866,796. That was 17.7% better than the $949,939,676 wagered through the apps in September.

October was also a better month for the sportsbooks as they saw revenues increase. The $98,201,945 they collected in October was up 26% from the $77,952,831 they reported in September. Online wagering accounted for $96,471,133 of revenue derived from sports betting, and that grew by 25.4% from September’s tally of $76,940,111.

The higher operator revenues also mean more money for the state’s coffers. Ohio’s 20% sports betting tax generated $19,700,225 in October, with $19,354,062 of that originating from online wagering.

Among operators, FanDuel posted the highest handle in October as the Flutter Entertainment sports betting app accepted $389,566,358 in wagers. DraftKings Sportsbook Ohio was a close second with a handle of $376,264,706. Rounding out the top five were bet365 at $81,616,546, BetMGM with $68,279,308 and Fanatics at $62,293,415.

Ohio Mobile Sports Betting History

Ohio Sports Betting Handle and Revenue FAQs

Author

Steve Bittenbender

Steve is an accomplished, award-winning reporter with more than 20 years of experience covering gaming, sports, politics and business. He has written for the Associated Press, Reuters, The Louisville Courier Journal, The Center Square and numerous other publications. Based in Louisville, Ky., Steve has covered the expansion of sports betting in the U.S. and other gaming matters.

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