The Buckeye State generated more than $1 billion in wagering in a month for the second time since sports betting went live nearly two years ago.
The Ohio Casino Control Commission reported a November handle of $1.03 billion, a 19% year-over-year increase and the second highest of all time behind the state’s first month of wagering.
Coming off a month full of NFL, college football, NBA, and college basketball betting options, as well as the Thanksgiving holiday, Ohio has surpassed $15 billion in sports betting wagers since launching January 2023.
The Buckeye State’s online and retail sportsbooks hauled in $117 million in gross revenue, thanks to an 11.4% hold in November. Profits jumped 72% from November 2023 and also increased 43.5% month-over-month from the second-highest revenue ever produced in Ohio.
Online sports betting generated $1 billion in wagers and produced $114.2 million of the state’s total November revenue.
The Buckeye State filled its coffers with $23.5 million, running the yearly tax revenue total to around $170 million.
Reduced spending
Promotional wagers handed out by online Ohio sports betting operators dropped from $58.9 million in November 2023 to $32.3 million in November 2024.
The 45% decrease in spending came mostly from ESPN BET. The PENN Entertainment-owned platform handed out more than $29 million in free bets during its first month of operation last November.
This November, promotional credits fell to less than $700,000. DraftKings and FanDuel, the market’s top two online operators, gave out nearly identical amounts in November compared to the same month last year.
Handle increases
| Operator | November Handle | Revenue |
|---|---|---|
| FanDuel | $351.1 million | $46.5 million |
| DraftKings | $329.9 million | $37.9 million |
| bet365 | $76.6 million | $8.7 million |
| BetMGM | $72.3 million | $6.5 million |
| Fanatics Sportsbook | $54.6 million | $4.7 million |
| Caesars | $35.2 million | $1.7 million |
All but four of Ohio’s 15 mobile operators saw revenue increases from October to November.
FanDuel led all online sportsbooks with a $351.1-million handle, and the heavily used operator also generated $46.5 million in revenue from a whopping 13.2% hold. DraftKings wasn’t far behind, racking up $37.9 million on a $329.9-million handle, producing a win rate of 11.5%.
bet365’s $76.6-million handle is the highest amount of wagers the operator has generated in Ohio and beat out BetMGM’s $72.3 million in wagers for third place. Both operators brought in over $2 million more in revenue in November compared to October.
Fanatics Sportsbook finished fifth with a $54.6-million handle, its most ever in the Buckeye State, while Caesars generated more than $35 million in wagering but didn’t reach a 5% hold.
ESPN BET saw a monthly handle increase to $32.3 million while Hard Rock Bet took in $23.3 million, its most ever in Ohio.
Other Ohio operator notes
Betr continues to search for its Ohio footing. In its third full month since launching, Betr saw a slight decrease in handle, going from $1.04 million in October to $1.02 million, the third-lowest among all operators, in November. Revenue doubled to more than $72,000 in the latest month reported.
BetRivers ($5.6 million), betJACK ($7.8 million), and Bally Bet ($4.7 million) set new all-time highs in Ohio handles.
