Ohio Hits $1 Billion In Sports Betting For November

Ohio’s sports betting industry reached a significant milestone in November 2024, as the total handle surpassed $1 billion for the first time since the state legalized sports wagering in January. This highlights the rapid growth and popularity of sports betting in the Buckeye State, positioning Ohio as a major player in the national sports betting landscape.

Several factors contributed to the growth in Ohio’s sports betting handle:

1. Football season: The NFL and college football seasons were in full swing, attracting a large number of bettors.
2. Basketball popularity: The start of the NBA season and college basketball games further boosted betting activity.
3. Increased operator presence: More sportsbooks entered the Ohio market, providing additional options for bettors.
4. Growing consumer awareness: As sports betting became more established in the state, more residents became familiar with and engaged in wagering activities.

Comparison to Previous Months

The November handle represents a significant increase compared to previous months:

Online vs. Retail Betting

The vast majority of sports bets in Ohio were placed through online platforms:

Several sportsbooks stood out in terms of handle and revenue:

1. FanDuel: $394.3 million handle, $49.7 million revenue
2. DraftKings: $327.8 million handle, $37.2 million revenue
3. BetMGM: $135.6 million handle, $15.8 million revenue
4. Caesars: $76.2 million handle, $8.9 million revenue