Ohio fell just short of setting a new monthly sports betting handle record in November as players in the state wagered a total of $1.02 billion ($826.0 million/€993.0 million) during the month.
The November total is the second highest monthly amount on record. The amount is second to January 2023, when online betting became legal in Ohio, saw the highest ever state-wide handle at $1.11 million.
The November handle also surpasses the $864.2 million wagered in the same month in 2023 by 18.5%. It is also 13.6% ahead of the $901.4 million bet in Ohio in October of 2024.
Of the total amount wagered in November, $1.02 billion was bet online and $20.9 million at retail sportsbooks inside land-based casinos. This is according to data published this week by the Ohio Casino Control Commission.
Consumers in Ohio won $901.9 million during the month while $5.6 million in wagers were voided and $32.3 million processed as promotional bets. This resulted in $117 million in taxable revenue.
The revenue total beats November 2023 by 71.6% and is also 43.6% ahead of October 2024. However, it falls some way short of the all-time record of $209 million in January 2023.
Online betting generated $114.2 million in taxable revenue and retail just $2.8 million.
As for hold, the state-wide figure in November stands at 11.43%. For the online market only, hold was 11.42% and for retail 13.40%.
FanDuel still the one to beat in Ohio
In terms of how operators performed, FanDuel remains the frontrunner in the Ohio online market. FanDuel, partnered with Belterra Park, posted $46.5 million in online revenue from $351.1 million in bets, with a 13.24% hold rate.
DraftKings and Hollywood Toledo, the previous market leaders, again took second place in online. Online revenue from the partnership topped $37.9 million from $329.9 million for an 11.49% hold. Bet365 and the MLB’s Cleveland Guardians were the next closest challengers with $8.7 million from $76.6 million, meaning an 11.36% hold.
Elsewhere in the online market, BetMGM and MGM Northfield Park posted $6.5 million in revenue from a $72.3 million handle. This resulted in a monthly hold of 8.99%. Fanatics and the NHL’s Columbus Blue Jackets followed with $4.7 million off $54.6 million for an 8.61% hold.
ESPN Bet and Hollywood Columbus were next with $3.5 million in revenue from $32.3 million, meaning a 10.84% hold. Meanwhile, Seminole Hard Rock Digital and Hard Rock Cincinnati saw online revenue hit $2.7 million off a $23.3 million handle for a hold of 11.59%.
Caesars and Scioto Downs was the only other online partnership to see revenue exceed $1.0 million. Revenue for the month hit $1.7 million off a $35.2 million handle, resulting in a hold of 4.83%.
As for retail, Hollywood Columbus again took top spot with $525,705 in revenue from $3.3 million in bets for a 16.02% hold. Seminole Hard Rock Digital and Hard Rock Cincinnati were second with $401,604 off $1.9 million, leaving a 20.98% hold.