Ohio Reports $7.6 Billion in Total Sports Bets For 2023

Jan 7, 2024; Cincinnati, Ohio, USA; Cleveland Browns quarterback Joe Flacco (15) throws a pass during warmups before the game against the Cincinnati Bengals at Paycor Stadium. Mandatory Credit: Katie Stratman-USA TODAY SportsOhio sports bettors wagered more than $7.6 billion on sports in 2023The state reported $936.9 million in taxable sports betting revenue for the yearOhio sportsbooks reported $829.9 million in sports bets for December 2023

Ohio residents were crazy for sports betting in 2023.

Ohio sports betting totaled more than $7.6 billion in handle during its first year of operation, with online sports betting accounting for 97% of total bets placed in the Buckeye State.

To close out the year, the Ohio Casino Control Commission reported more than $829.9 million in sports betting handle for December 2023, its third highest monthly handle total for the entirety of 2023.

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DraftKings, FanDuel Dominating Ohio

After the first full year of Ohio sports betting it’s clear that the market is being dominated by FanDuel and DraftKings. According to the Ohio Casino Control Commission, FanDuel has accounted for 43% of the total operator revenue in Ohio while DraftKings has accounted for 30%.

The next closest operators? BetMGM has accounted for 8% of the total operator revenue in Ohio and Bet365 has accounted for 7%.

Here are the total operator percentages for taxable revenue to the state in 2023:

FanDuel: 43%DraftKings: 30%BetMGM: 8%Bet365: 7%Barstool/ESPN Bet: 4%Caesars: 3%Fanatics: 1%Seminole Hard Rock Digital: 1%Tipico: 1%Operators With Less Than 1 Percent Market Share: Bally’s, BetJACK, Betfred Sports, Betr, Betway, MVGBet, Parx, PointsBet, Prime Sports, RSI Ohio, Superbook

Ohio’s four land-based casinos set new revenue records in 2023, as the casino control commission reported a total of $1.015 in casino gaming revenues.

Full December Ohio Online Sports Betting Numbers

FanDuel and DraftKings again dominated the month, as FanDuel reported $289 million in online sports betting hand and DraftKings reported $250.2 million. ESPN BET continued its strong run in the state, holding onto the third-spot in the market with $72.8 million in handle.

ESPN BET continued to spend as well, notching $11.3 million in promos, the highest operator spend yet again in Ohio.

Here are the total online sports betting operator ps for the month of December:

FanDuel: $289,006,976DraftKings: $261,316,703ESPN BET: $72,862,647Bet365: $47,314,496BetMGM: $46,395,644Caesars Sportsbook: $37,091,570Fanatics: $19,098,816Hard Rock: $7,504,935Tipico Sportsbook: $6,307,021Rush Street Interactive: $5,148,045BetJack: $5,457,948Prime Sports: $4,457,367Bally’s Interactive: $1,535,411PointsBet Ohio: $1,515,814Betway: $1,087,284Parx Interactive: $1,047,442BetFred Sports: $756,332Betr: $622,047SuperBook: $614,823MVGBet: $607,638

The operators reported the following taxable online sports betting revenues for December:

FanDuel: $37,425,690DraftKings: $25,432,351ESPN BET: $8,238,497Bet365: $4,549,324BetMGM: $3,599,562Caesars Sportsbook: $1,748,568Fanatics: $1,564,146Tipico Sportsbook: $480,666Hard Rock: $392,131BetJack: $352,391Rush Street Interactive: $203,991Betway: $140,546Prime Sports: $140,277Parx Interactive: $66,132BetFred Sports: $27,055Betr: $17,146MVGBet: $5,565SuperBook: NA ($674)PointsBet Ohio: NA ($16,714)Bally’s Interactive: NA ($149,645)