In the third month of Ohio’s regulated sports betting operations, the state witnessed a significant boost in its handle. The Ohio Casino Control Commission (OCCC) reported that the combined retail and online sports betting handle for March reached an impressive $737.2 million. This marked a remarkable 15% increase compared to February, underscoring the growing enthusiasm for sports wagering in the Buckeye State.
Ohio’s Soaring Sports Betting Market:
Ohio’s sports betting market showed robust growth, with a $737.2 million handle in March.
The OCCC revealed that the state recorded a total of $2.5 billion in bets in the first three months since the launch of the regulated market.
Online Dominance in the Buckeye State:
In March, Ohio’s 17 online sportsbooks dominated the market, accounting for 97% of the total handle with $715.3 million in bets.
Retail sportsbooks contributed $21.9 million to the overall handle, reflecting the continued shift towards online betting platforms.
The state reported a total sports betting revenue of $95 million, which was a 15% increase from the $82 million recorded in February. Online betting contributed significantly, generating $92.3 million, while retail sportsbooks accounted for $2.8 million.
Key Players in Ohio’s Sports Betting Landscape:
FanDuel and DraftKings emerged as dominant players in Ohio’s sports betting market, jointly representing 68% of the total market share.
FanDuel recorded a handle of $258.5 million, holding a 36.1% market share.
DraftKings closely followed with a handle of $224.8 million, securing a significant 31.9% market share.
Other prominent sports betting operators contributing to Ohio’s thriving market included Bet365 with a handle of $54.4 million, BetMGM at $53.9 million, Barstool Sportsbook with $37.9 million, and Caesars at $36.4 million.
Ohio’s regulated sports betting market showcased remarkable growth as it reached a handle of $737.2 million in March. The state’s embrace of online sports wagering platforms was particularly evident, with 97% of the market share attributed to digital betting. The substantial presence of industry giants like FanDuel and DraftKings highlights the competitive landscape, making Ohio an exciting market for both operators and sports enthusiasts.