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, January vs. December

 

Total handle 

Mobile handle 

Revenue 

January 

$931.578M 

$917.625M 

$99.686M 

December 

$954.792M 

$932.196M 

$137.897M 

Change 

-2.4% 

-1.6% 

-27.7% 

The first month of the year delivered declines when it came to handle, revenue and taxes generated for Ohio sports betting operators and regulators alike when compared to the month before.  

That’s because January’s total sports betting handle (mobile, retail and kiosks) in Ohio was $931,578,583, down 2.4% from December ($954,792,260), with the Buckeye State’s mobile sports betting handle (Type A proprietors) wrapping up at $917,625,955, down 1.6% from December ($932,195,585).  

In total, Ohio’s retail sports betting handle (Type B proprietors) was $13,524,481, down 38.7% from December ($22,062,350), while the state’s kiosk sports betting handle (Type C proprietors) was $428,147, down 19.9% from December ($534,325).  

When it came to total sports betting revenue (Types A and B combined), Ohio’s total in January was $99,686,071, down 27.7% from December ($137,897,226), while mobile sports betting revenue finished up at $98,331,082, down 27.3% from December ($135,238,509).  

Ohio’s promotional gaming credits (mobile only, not deductible from total gross receipts) were $30,951,463 in January (down from $23,284,021 in December), while the state’s total taxes (20% of taxable revenue) were $19,937,215, down 27.9% from December ($27,655,070). Of that total, $19,666,217 came from mobile taxes (20% of taxable mobile revenue), down 27.3% from December ($27,047,702).  

The top five Ohio mobile sports betting operators by handle were DraftKings Sportsbook ($300,980,650), FanDuel Sportsbook ($295,287,183), Bet365 ($78,025,064), BetMGM ($68,908,573) and Fanatics Sportsbook ($52,812,875). Throw in Caesars Sportsbook at $31,691,733, Penn Interactive ($29,967,419), Hard Rock Interactive ($23,631,039), Prime Sports ($18,361,110), BetJack ($7,947,889), RSI ($5,032,665), Bally Bet ($4,052,217) and MVGBET ($927,538) and you have the online handles of Ohio’s sports betting operators covered for the first month of the year. 

Ohio Mobile Sports Betting History

Ohio Sports Betting Handle and Revenue FAQs

Author

Jim Tomlin

Ohio native Jim Tomlin has 30 years of experience in journalism, mostly in sports. He lends his expertise to BetOhio.com as a writer and editor after previous experience at the Tampa Bay Times, FanRag, Saturday Down South and Saturday Tradition.

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