Ohio Among 4 States To Surpass $500 Million In June Wagering Activity
Sportsbooks in Ohio reached $10 billion in total wagers much faster than any other market, reaching that life time deal with turning point in April simply 16 months after the legal market launched.
Despite the summertime being a lull for sports wagering numbers, the Ohio Casino Control Commission (OCCC) still reported a $529.8 million manage in June.
Out of the states that have 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 deal with, making these four states the only markets to eclipse half a billion in total wagering activity.
Governor Mike DeWine adjusted the sports betting tax rate to 20% last year, which assisted state coffers gather nearly $10.3 million in taxes in June.
On the right track
Ohio sports betting operators created $51.3 million in adjusted gross income 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 exceeded $50 million in 15 out of the 18 months of sports wagering in Ohio.
June's manage likewise presented a 46.1% year-over-year boost while snapping a of $600+ million manage performances in Ohio. Revenue declined 24% month-over-month and deal with dropped 13.4% from May, however June's YoY development metrics outpaced May's YoY improvements.
Best Ohio sportsbooks in June
Online sportsbooks in Ohio represented 97% of all wagers in June for a $516.1 million integrated manage. Online operators snatched $50.5 million in profits from that action, great for a 9.78% hold.
Retail gathered $13.7 million in wagers however just handled a 5.75% hold, producing just $787,894 in revenue. FanDuel topped $20 million in profits for the tenth successive month, while DraftKings sat atop the leaderboard for monthly handle 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 been a momentous year for Ohio sports betting. There were 19 active online sportsbooks in June, and 6 of those didn't even cross $1 million in deal with.