Ohio sports bettors spent $863.0 million (£668.9 million/€794.5 million) in September, the biggest monthly total this year and the most since November of last year.
The September total is 25.0% higher than the same month last year, and 57.5% higher than August of this year. It is also the third-highest monthly total on record in Ohio, after only $864.2 million in November 2023 and $1.11 billion when the market first opened in January 2023.
According to data from the Ohio Casino Control Commission, players wagered $842.4 million online and another $20.7 million at retail sportsbooks.
Taxable revenue totaled $106.2 million, up 29.8% from the previous year and 117.6% in August. Like handling, it is the third-highest amount, after only $113.8 million in January this year and $208.5 million in January 2023.
Online sports betting earned $102.9 million in monthly operator revenue, with retail accounting for $3.2 million.
In terms of hold, the statewide number for September was 11.92%. Ohio gamers won a total of $751.1 million in sports betting.
See also:
- Bet365 signs an agreement with Kroenke Sports & Entertainment
- October GGR was US$2.6 billion, the highest since January 2020, Macau
- RSI Posts Strong Q3 Report, Increases FY Guidance.
FanDuel maintains a small advantage over DraftKings in Ohio.
Analyzing individual operator performance, the two-horse contest between FanDuel and DraftKings continues. FanDuel generated more income than DraftKings, as it did in August.
In September, FanDuel, in partnership with Belterra Park, generated $39.1 million in income on $276.0 million in bets. This produces a monthly online hold of 14.17%.
DraftKings, which works with Hollywood Toledo, finished second again despite processing more bets than its long-time competitor. During the month, revenue totaled $37.5 million from a $308.7 million handle, representing a 12.15% hold.
Bet365, in partnership with MLB’s Cleveland Guardians, was the next closest rival. Revenue for the month was $7.7 million, with bets totaling $68.0 million, amounting in an 11.32% hold.
BetMGM and MGM Northfield Park followed with $5.6 million in operator revenue off $52.4 million, representing a 10.69% hold. Fanatics, which partnered with the NHL Columbus Blue Jackets, rounded out the top five with income of $3.6 million off $35.6 million in bets, leaving a 10.11% hold.
Hollywood Columbus led the retail market with $504,432 in revenue from a $2.9 million handling, representing a 17.43% hold. Hard Rock Cincinnati and Seminole Hard Rock Digital were not far behind, with revenue of $468,440 from $2.4 million, representing a 19.36% hold.
MGM Northfield Park received the most retail bets ($3.9 million) in September. However, revenue of $468,256 resulted in a third-place finish, with hold at 12.12%.
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