November Ohio revenue: DraftKings leads, the ESPN effect & more

January 3, 2024
Leer en Español

Online sports betting accounted for 97.9% of the revenue, with DraftKings outperforming FanDuel as the highest revenue generator.

The state of Ohio has released its November sports gaming revenue, breaking down its revenue by providers both online and in retail. 

For the month, total taxable revenue was $68.2m, with $1.4m generated by retail sports gaming and the remaining $66.8m by online operations; a total of 97.9%. Total gross receipts came to $864.2m, with a similar 97.3% of receipts coming from online sports gaming.  

Of the $1.4m made in November by retail operators, Hollywood Columbus was the most significant contributor, followed closely by BetJack’s Jack Cleveland. The venues made $268,265 and $262,691 respectively. 

Meanwhile, DraftKings generated the largest percentage of the state's November online sports gaming taxable revenue, at $22.5m. In second place was FanDuel, which generated $21m.  

These two operators have been shown to frequently compete for market dominance across the US. However, it is frequently FanDuel that takes the crown, having reported a 51.1% market share in New York in October and reporting a 47% share of the total market in its Q3 report. It therefore makes Ohio an interesting case, as it is one of the states where more players are turning to DraftKings than its closest rival. 

Breaking down online gaming revenue by operator, the top five are as follows.  

ESPN Bet made the top five despite only announcing its formation in August of last year, made more commendable when considering it was the operator with the highest amount of promotional gaming credits in the state. Bet365 also made the cut. However, its spot at number four shows it is still behind other major US operators.

The 'ESPN effect' is a trend we've seen in other states too.

Outside of these operators, Tipico did well in its home state, generating $482,573 or an increase of $10,795 from last month. 

Bally’s, Superbook and MVGBet all reported losses in November, making no contribution to November's taxable revenue.  

Examining the year as a whole, January was the most profitable month by taxable revenue, totaling $209.6m. Of this amount, $206.1m was generated online, while the remaining $3.5m was made by retail sports gaming operators. January was also the highest revenue month for online sports gaming throughout the 11 months reported and the highest revenue generated by retail sports gaming. 

Of the total for January, 98.3% was generated by online sports gaming. 

The second highest taxable revenue month in Ohio was March, totaling $94.9m thanks to March Madness. Online revenue accounted for 96.9% of this total, at $92m.  

June was the lowest taxable revenue month for Ohio across the 11 months reported so far, with total revenue at $32.8m. Retail sports betting made less than $1m this month, with online sports wagering making $32.1m.  

Across the year so far, total taxable revenue was $847.9m; $20.2m from retail sports gaming and $827.7m from online operations. Overall, online sports gaming accounted for 97.6%. 

When looking at the report by operator, DraftKings and FanDuel consistently led online taxable revenue generation. The two frequently came close to equal revenue in some months, though FanDuel frequently came out on top. November was the first month in 2023 where DraftKings outperformed FanDuel.  


Product Spotlight


Things get unruly in the company of some fleecy characters in the new Konami Gaming’s new Unwooly Riches slot series.

John Connelly - Interblock preparing to launch online by the end of year

John Connelly, the Global CEO of Interblock, joins the Huddle to talk about:
- The company's conversion to the online space
- The performance of ETGs
- Interblock's new philanthropic efforts
- The trend of companies going private
- And more!

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

Five years ago, before the mass proliferation of social media we see today – and even before the Covid-19 pandemic – I think you would be hard pressed to find a CEO talking about “Instagrammable moments.” KPIs w...

The Global Gaming Awards: Looking ahead to 2024's ceremonies.
After more than a decade of celebrating gaming's best, Gaming America looks ahead to a bright 2024 for the Global Gaming Awards in the Americas and Asia-Pacific.
From the top: The Indian Gaming Tradeshow & Convention
Tribal gaming is a uniquely American institution and all its uncommon attributes were on display this April at the Indian Gaming Tradeshow & Convention in Anaheim, California.
Review: Terre Haute Casino Resort and Harrah's Hoosier Park Racing & Casino
Terre Haute Casino Resort vs. Harrah's Hoosier Park Racing & Casino, Gaming America's Laura Mack reviews each property.
Eureka Casino interview: CEO Andre Carrier on resort expansion
We spoke with returning guest, CEO Andre Carrier, about Eureka Casino Resort's expansion. He aims to not only change the look and feel of the casino, but to also build residential housing around it.