Ohio among 4 States to Surpass $500 million In June Wagering Activity
Sportsbooks in Ohio reached $10 billion in total than any other market, reaching that lifetime handle milestone 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 handle in June.
Out of the states that have actually reported June figures, Ohio ranks just behind New York and New Jersey, while Massachusetts rounded out the Top 4 in terms of month-to-month handle, making these 4 states the only markets to eclipse half a billion in overall betting activity.
Governor Mike DeWine adjusted the sports wagering tax rate to 20% in 2015, and that assisted state coffers collect nearly $10.3 million in taxes in June.
On the best track
Ohio sports betting operators produced $51.3 million in adjusted gross revenue on a statewide hold of simply under 9.7%. Although it's the most affordable earnings mark in 2024, it still marks a 56.8% boost year-over-year. Revenue has actually remarkably gone beyond $50 million in 15 out of the 18 months of sports betting in Ohio.
June's manage likewise provided 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 deal with dropped 13.4% from May, but June's YoY growth 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 deal with. Online operators nabbed $50.5 million in earnings from that action, great for a 9.78% hold.
Retail collected $13.7 million in wagers but just managed a 5.75% hold, creating simply $787,894 in profits. FanDuel topped $20 million in profits for the tenth consecutive month, while DraftKings sat atop the leaderboard for regular monthly deal with 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 actually been a momentous year for Ohio sports wagering. There were 19 active online sportsbooks in June, and six of those didn't even cross $1 million in manage.