Ohio reported a sports betting handle of $901.4 million in October, the second-highest monthly amount since the state launched its legal market in January 2023. The figure surpasses last year’s $747.7 million by 20.6% and 4.5% higher than $863 million in September. It is second only to $1.11 billion in the opening month of legal betting in Ohio.
According to the data supplied by the Ohio Casino Control Commission, online betting handle topped $881.7 million and retail $19.7 million. Furthermore, player winnings hit $814.7 million across online and retail while $5.6 million worth of wagers was voided.
After also taking off $37.7 million in promotional gaming credits, taxable revenue for October reached $81.5 million. The monthly revenue figure is 1% above last year’s $80.7 million haul and 67% ahead of $48.8 million in September. Ohio’s record is $209 million, again in the launch month of January 2023.
Online betting generated $80.3 million in taxable revenue and retail $1.2 million. In terms of hold, the state-wide figure in Ohio for October was 9.04%. Online hold reached 9.11% and retail 6.09%. Details on tax collected are not available.
FanDuel took the leading online position, with revenue from its partnership with Belterra Park hitting $34.5 million off $307.2 million in wagers, leaving an 11.2% hold.
Meanwhile, DraftKings and Hollywood Toledo remain second with $25.7 million in revenue from a $297.9 million handle for an 8.63% hold. Bet365 and the MLB’s Cleveland Guardians were a distant third on $6.1 million off $72.2 million, an 8.45% hold.
BetMGM and MGM Northfield Park took $3.9 million from $59.5 million for a 6.55% hold. Fanatics and the NHL’s Columbus Blue Jackets were next with $3 million off $41.7 million for a 7.19% hold.
Caesars and Scioto Downs reported $2.4 million in revenue on a $29 million handle, meaning an 8.28% hold. Next was ESPN Bet and Hollywood Columbus $2 million off $28.4 million for a 7.04% hold.
Seminole Hard Rock Digital and Hard Rock Cincinnati was the only other partnership to see online revenue exceed. For October, revenue topped $1.5 million from $17.8 million, leaving an 8.43% hold.
As for retail, Hollywood Columbus led the way with $430,098 in revenue from a $3 million handle, meaning a 14.66% hold. BetJack and Jack Cleveland took second with $257,708 off $2.9 million for an 8.99% hold.
Original article: https://www.yogonet.com/international/news/2024/12/02/87255-ohio-sports-betting-handle-reaches-9014m-in-october-secondhighest-total-in-state-history
