Ohio sports betting handle reaches year-high $863.0 million in September
The September total is 25.0% ahead of the same month last year and 57.5% up from August this year. It is also the third-highest monthly total on record in Ohio, behind $864.2 million in November 2023 and $1.11 billion in the market’s launch in January 2023.
Ohio Casino Control Commission data shows players bet $842.4 million online and a further $20.7 million at retail sportsbooks.
As for taxable revenue, this reached $106.2 million, beating last year by 29.8% and August by 117.6%. Like handle, it is the third-highest total, behind $113.8 million in January this year and $208.5 million in January 2023.
Online sports betting generated $102.9 million in monthly operator revenue, with retail contributing $3.2 million.
In terms of hold, the state-wide figure for September was 11.92%. Ohio players won a total of $751.1 million from sports betting.
FanDuel keeps narrow lead over DraftKings in Ohio
Analysing the performance of individual operators, the two-horse race between FanDuel and DraftKings continues to rage. As in August, FanDuel had higher revenue, though DraftKings took more bets.
For September, FanDuel, partnered with Belterra Park, posted $39.1 million in revenue from $276.0 million in bets. This results in a monthly online hold of 14.17%.
DraftKings, which works with Hollywood Toledo, again placed second despite processing more bets than its long-time rival. During the month, revenue hit $37.5 million off a $308.7 million handle, meaning a 12.15% hold.
The next closest challenger was Bet365, partnered with MLB’s Cleveland Guardians. For the month, revenue reached $7.7 million from $68.0 million in bets, resulting in a hold of 11.32%.
BetMGM and MGM Northfield Park followed on $5.6 million in operator revenue off $52.4 million for a 10.69% hold. Rounding off the top five was Fanatics, partnered with the NHL Columbus Blue Jackets, with revenue of $3.6 million from $35.6 million in bets, leaving a 10.11% hold.
As for the retail market, Hollywood Columbus took the top spot with $504,432 in revenue from a $2.9 million handle, meaning a 17.43% hold. Hard Rock Cincinnati and Seminole Hard Rock Digital were not far behind with revenue of $468,440 from $2.4 million for a 19.36% hold.
MGM Northfield Park took the most retail bets at $3.9 million in September. However, revenue of $468,256 meant a third-placed finish, with hold at 12.12%.