Players wagered $476.9m (£362.2m/€429.6m) across online and retail sports betting in July. This is 44.0% more than in Ohio last year but 10.0% lower than the previous 2024 low of $529.8m in June.
Figures, reported by the Ohio Casino Control Commission, show $466.6m was bet online and $10.2m at retail sportsbooks. Operators recorded a double-digit hold approaching 12%, marking the fourth time this year that operators had hold above 10%.
As for total taxable revenue, this totalled $55.3m, up 48.7% from June and also 8.0% higher than July last year. Operators paid the state about $11.1m in taxes on a 20% tax rate. Online revenue for the month topped $53.5m and retail revenue was $1.6m.
July’s total means total revenue year-to-date – covering the seven months to the end of July – is $492.7m.
DraftKings had highest handle, FanDuel had high hold
As for individual operators, FanDuel led the Ohio market in revenue for the second month in a row. FanDuel recorded a nearly 15% hold. The Flutter Entertainment-owned operator posted $20.8m in taxable revenue in July off $139.4m in bets.
DraftKings placed second with $17.9m, despite having a higher handle than long-term rival FanDuel at $160.2m. DraftKings also had double-digit hold of just over 11%. Bet365 was the next closest challenger with revenue of $4.8m from a $51.9m handle.
Other stand-out performers include BetMGM with $3.0m in revenue and a $29.2m handle. ESPN Bet posted $2.0m from $17.2m, Caesars $1.9m off $27.4m and Fanatics $1.7m from a $19.0m handle.
In terms of retail betting, Hollywood Columbus topped the market with revenue of $388,858 off $1.4m in players bets. Seminole Hard Rock Digital, which led in June, slipped to second with $310,519 from $1.0m.
Ohio does not break out revenue numbers by sport, and the report does not include revenue from wagering kiosks. That report is released by the lottery in the middle of the month.
Original article: https://igamingbusiness.com/sports-betting/ohio-fanduel-hold-off-draftkings-july/
