Ohio Amongst 4 States To Surpass $500 Million In June Wagering Activity

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Sportsbooks in Ohio reached $10 billion in total wagers quicker than any other market, reaching that lifetime manage milestone in April just 16 months after the legal market introduced.


Despite the being a lull for sports betting numbers, the Ohio Casino Control Commission (OCCC) still reported a $529.8 million manage in June.


Out of the states that have reported June figures, Ohio ranks just behind New York and New Jersey, while Massachusetts rounded out the Top 4 in terms of regular monthly manage, making these 4 states the only markets to eclipse half a billion in overall wagering activity.


Governor Mike DeWine changed the sports wagering tax rate to 20% in 2015, which helped state coffers gather nearly $10.3 million in taxes in June.


On the right track


Ohio sports betting operators created $51.3 million in adjusted gross profits on a statewide hold of just under 9.7%. Although it's the most affordable income mark in 2024, it still marks a 56.8% boost year-over-year. Revenue has actually remarkably gone beyond $50 million in 15 out of the 18 months of sports betting in Ohio.


June's handle also provided a 46.1% year-over-year boost while snapping a nine-month streak of $600+ million handle efficiencies in Ohio. Revenue decreased 24% month-over-month and manage dropped 13.4% from May, but June's YoY growth metrics exceeded May's YoY improvements.


Best Ohio sportsbooks in June


Online sportsbooks in Ohio accounted for 97% of all wagers in June for a $516.1 million combined deal with. Online operators captured $50.5 million in earnings from that action, great for a 9.78% hold.


Retail gathered $13.7 million in wagers however just handled a 5.75% hold, generating just $787,894 in income. FanDuel topped $20 million in income for the tenth successive month, while DraftKings sat atop the leaderboard for monthly manage for the 3rd straight month.


Operator


June Handle


Revenue


DraftKings


$181.2 million


$15.3 million


FanDuel


$159.4 million


$22.7 million


$51.97 million


$4.58 million


$34.4 million


$2.48 million


Caesars


$27.7 million


$717,000


ESPN BET


$19.93 million


$1.75 million


Fanatics


$17.8 million


$1.38 million


BetJack


$3.319 million


$259,374


Tipico


$3.315 million


$355,625


Rush Street Interactive


$3.23 million


$142,470


Prime Sports


$1.56 million


$66,804


Bally's


$1.45 million


$63,539


Changes to Ohio sportsbooks


2024 has actually been a momentous year for Ohio sports betting. There were 19 active online sportsbooks in June, and six of those didn't even cross $1 million in manage.

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