Ohio among four States to Surpass $500 million In June Wagering Activity

Sportsbooks in Ohio reached $10 billion in total wagers much faster than any other market, reaching that lifetime deal with milestone in April just 16 months after the legal market launched.


Despite the summer months being a lull for sports betting numbers, the Ohio Casino Control Commission (OCCC) still reported a $529.8 million deal with in June.


Out of the states that have reported June figures, Ohio ranks only behind New york city and New Jersey, while Massachusetts completed the Top 4 in regards to regular monthly deal with, making these 4 states the only markets to eclipse half a billion in overall wagering activity.


Governor Mike DeWine adjusted the sports betting tax rate to 20% last year, which helped state coffers gather nearly $10.3 million in taxes in June.


On the right track


Ohio sports betting operators generated $51.3 million in adjusted gross profits on a statewide hold of just under 9.7%. Although it's the most affordable income mark in 2024, it still marks a 56.8% increase year-over-year. Revenue has impressively gone beyond $50 million in 15 out of the 18 months of sports betting in Ohio.


June's handle also provided a 46.1% year-over-year increase while snapping a nine-month streak of $600+ million deal with performances in Ohio. Revenue decreased 24% month-over-month and deal with dropped 13.4% from May, but June's YoY growth metrics outmatched May's YoY improvements.


Best Ohio sportsbooks in June


Online sportsbooks in Ohio represented 97% of all wagers in June for a $516.1 million combined handle. Online operators caught $50.5 million in revenue from that action, great for a 9.78% hold.


Retail gathered $13.7 million in wagers however only handled a 5.75% hold, generating simply $787,894 in revenue.