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

Sportsbooks in Ohio reached $10 billion in total wagers quicker than any other market, reaching that life time handle milestone in April simply 16 months after the legal market launched.


Despite the summertime 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 regards to monthly handle, making these four states the only markets to eclipse half a billion in total wagering activity.


Governor Mike DeWine adjusted the sports wagering tax rate to 20% last year, and that assisted state coffers gather nearly $10.3 million in taxes in June.


On the ideal track


Ohio sports wagering operators generated $51.3 million in adjusted gross profits on a statewide hold of simply 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 surpassed $50 million in 15 out of the 18 months of sports wagering in Ohio.


June's deal with also presented a 46.1% year-over-year boost while snapping a nine-month streak of $600+ million deal with efficiencies in Ohio. Revenue declined 24% month-over-month and manage dropped 13.4% from May, however June's YoY development metrics surpassed 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 integrated deal with. Online operators caught $50.5 million in revenue from that action, good for a 9.78% hold.


Retail gathered $13.7 million in wagers but just managed a 5.75% hold, producing just $787,894 in earnings. FanDuel topped $20 million in revenue for the tenth consecutive month, while DraftKings sat atop the leaderboard for regular monthly handle for the third 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 been a momentous year for betting. There were 19 active online sportsbooks in June, and 6 of those didn't even cross $1 million in deal with.