{"id":847080,"date":"2025-05-09T21:11:54","date_gmt":"2025-05-10T02:11:54","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/09\/ohio-sports-betting-handle-tops-1-01-billion-in-january\/"},"modified":"2025-05-09T21:11:54","modified_gmt":"2025-05-10T02:11:54","slug":"ohio-sports-betting-handle-tops-1-01-billion-in-january","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/09\/ohio-sports-betting-handle-tops-1-01-billion-in-january\/","title":{"rendered":"Ohio sports betting handle tops $1.01 billion in January"},"content":{"rendered":"

Consumers in Ohio spent $1.01 billion (\u00a3788.6 million\/\u20ac946.0 million) betting on sports in January, the third highest monthly amount on record in the Buckeye State.<\/strong><\/p>\n

\n

The amount surpasses January of the previous year by 24.6% and is also 5% higher than December 2024. However, it falls 9.3% short of the record set in January 2023<\/a>, the first month of legal betting in Ohio.<\/p>\n

Data published yesterday (4 March)<\/a> by the Ohio Casino Control Commission shows $992.2 million was wagered online. Retail bets amounted to $19 million in January.<\/p>\n

Turning to taxable revenue, the monthly total hit $81.1 million. This is 28.6% behind last year but 42% more than December\u2019s haul. Ohio\u2019s monthly revenue record of $209 million was also set in January 2023.<\/p>\n

Of all revenue, $80.7 million came from online betting, with retail contributing $468,017.<\/p>\n

As for hold, the monthly figure for Ohio in January stood at 8.02%.<\/p>\n

FanDuel continues to lead in Ohio<\/h2>\n

FanDuel took top spot in the Ohio online market. The operator, partnered with Belterra Park, took $38.9 million in taxable revenue off $358.6 million of handle for a 10.85% hold.<\/p>\n

DraftKings and Hollywood Toledo placed second with $22 million off $321.9 million for a 6.83% hold. Bet365 and the MLB\u2019s Cleveland Guardians completed the top three, posting $6.3 million from $83 million, leaving a 7.59% hold.<\/p>\n

Elsewhere, BetMGM and MGM Northfield Park took $4.1 million off $71.9 million, meaning a 5.7% hold. Fanatics and the NHL\u2019s Columbus Blue Jackets were next with $3.5 million off $37.9 million for a hold of 9.23%.<\/p>\n

ESPN Bet and Hollywood Columbus posted $2.3 million from a $35 million handle, leaving a 6.57% hold. Caesars and Scioto Downs was the only other partnership with revenue above $1 million, reporting $1.6 million off $33.7 million for a 4.75% hold.<\/p>\n

In terms of retail, BetMGM and MGM Northfield Park led the way with $155,551 from just $353,841 in bets for an impressive hold of 43.96%. BetJack and Cleveland Park was the only other partnership of note, posting revenue of $134,773 from $2.3 million for a 5.74% hold.<\/p>\n

Bouncing back from difficult December<\/h2>\n

January followed a tricky December for Ohio, which, like many other states, was impacted by customer-friendly sports results.<\/p>\n

Taxable revenue in December<\/a> topped $57.1 million, down 34.7% from the previous year and 51.2% lower than November<\/a>. Handle, however, was 15.9% higher year-on-year at $963.2 million and only 5.9% less than the previous month.<\/p>\n

Monthly hold in December was 5.93%.<\/p>\n

FanDuel and Belterra Park were the online market leaders with $24 million in revenue off $336.7 million for a 7.13% hold. Only four retail operators were able to report any sort of positive revenue during the month.<\/p>\n

Ohio considering another tax hike<\/h2>\n

News broke in February that operators could be facing another tax increase in Ohio.<\/p>\n

In his final budget proposal rolled out on 3 February, Governor Mike DeWine said he wants to raise the legal sports betting tax on operators to 40%<\/a>.<\/p>\n

Should the state legislature agree, it would mark the second time since July 2023 that the tax was doubled. In 2023, DeWine pushed through a budget that\u00a0hiked the tax<\/a>\u00a0from 10% to 20%.\u00a0<\/p>\n

Should taxes rise to 40%, it would make Ohio the second-most expensive competitive market for wagering operators. New York has the highest tax rate at 51%.<\/p>\n<\/p><\/div>\n

Robert Fletcher
Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Consumers in Ohio spent $1.01 billion (\u00a3788.6 million\/\u20ac946.0 million) betting on sports in January, the third highest monthly amount on record in the Buckeye State. The amount surpasses January of the previous year by 24.6% and is also 5% higher than December 2024. However, it falls 9.3% short of the record set in January 2023<\/p>\n","protected":false},"author":1,"featured_media":847081,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1922,192],"tags":[14722,6810],"class_list":{"0":"post-847080","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-betting","8":"category-sports","9":"tag-betting","10":"tag-sports"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/847080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=847080"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/847080\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/847081"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=847080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=847080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=847080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}