FanDuel, DraftKings & bet365 lead Ohio April sports betting market
The state’s $63.7m sportsbook revenue is largely divided between FanDuel and DraftKings.
Ohio’s sports betting revenue reached $63.7m in the month of April as Buckeye fans bet a total of $520.6m in handle, across retail sportsbooks and online platforms. Separately, the state’s four casinos brought in total gaming revenue of $86.4m.
Casino gaming began in Ohio in 2012 and the state is now set to possibly see its most profitable year of land-based gaming. The first four months of this year show casino revenue rose 3.4%, when compared to the same period in 2022.
Sports betting giants FanDuel and DraftKings topped the revenue charts in Ohio bringing in $28.1m and $17.2m in revenue, respectively. However, both of these numbers represent a decrease from March with FanDuel’s revenue dropping by 25.1% and DraftKings’ revenue falling 31.3%. After March Madness, perhaps, comes a certain level of ‘April apathy.’
Rounding out the top five sportsbooks in Ohio, and bringing in much less market share of the revenue, we have bet365 with $5.1m, BetMGM with $4.8m and Caesars with $2.2m. Buckeye betting brand, Columbus Crew by Tipico, made it eighth-place, with revenue of around $740,000.
Online handle totalled $505.6m, while retail totalled $14.9m.
FanDuel also had the highest handle with $185.1m. DraftKings followed closely with handle of $161.3m, while BetMGM trailed behind in the third-place spot with $39.3m. However, the operator did bring in a higher handle than revenue.
Of Ohio’s sports betting revenue, $62.2m came from online betting – a huge 97.6% of the total. Only around $1.5m came from bets placed at retail locations.
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