Ohio Among Four States To Surpass $500 Million In June Wagering Activity
Sportsbooks in Ohio reached $10 billion in total wagers faster than any other market, reaching that life time manage turning point in April just 16 months after the legal market released.
Despite the summer season 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 actually reported June figures, Ohio ranks only behind New York and New Jersey, while Massachusetts completed the Top 4 in terms of month-to-month manage, making these four states the only markets to eclipse half a billion in overall betting activity.
Governor Mike DeWine adjusted the sports wagering tax rate to 20% last year, which assisted state coffers collect almost $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 profits mark in 2024, it still marks a 56.8% increase year-over-year. Revenue has actually impressively surpassed $50 million in 15 out of the 18 months of sports betting in Ohio.
June's handle likewise provided a 46.1% year-over-year increase while snapping a nine-month streak of $600+ million handle performances in Ohio. Revenue decreased 24% month-over-month and manage dropped 13.4% from May, however June's YoY development metrics exceeded May's YoY enhancements.
Best Ohio sportsbooks in June
Online sportsbooks in Ohio represented 97% of all wagers in June for a $516.1 million combined handle. Online operators captured $50.5 million in earnings from that action, good for a 9.78% hold.
Retail collected $13.7 million in wagers but only managed a 5.75% hold, creating simply $787,894 in income. FanDuel topped $20 million in revenue for the tenth consecutive month, while DraftKings sat atop the leaderboard for regular monthly handle for the third 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 memorable year for Ohio sports wagering. There were 19 active online sportsbooks in June, and six of those didn't even cross $1 million in handle.
