Ohio Sports Betting Handle Gap Narrows In June

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Ohio sports betting

It is getting tighter at the top of the Ohio sports betting market.

DraftKings closed the gap with market leader FanDuel in June, trailing its rival by $2.8 million in online handle. The operator grabbed a few extra percentage points of the Ohio sports betting handle market in June. It handled $117.5 million, or 34% of all sports betting dollars in the state, up from 32% in May.

According to figures recently released by the Ohio Casino Control Commission, FanDuel claimed 35% of all online handle with $120.3 million, down from 37% in May.

Market share of revenue gap is wider

While the two sports betting leaders run neck and neck in monthly handle, the revenue gap between the pair is wider.

In June, FanDuel generated more than $14 million in revenue. It accounted for 44% of all revenue from online sports betting in Ohio. DraftKings took 29% of the revenue market after it produced $9.3 million during June.

Total online revenue across all 18 online sportsbooks in OH landed just shy of $32 million for the month.

Other OH sports betting market movers

Bet365 maintained the third spot in online handle in June, accepting $26.5 million in bets. It is the second consecutive month the UK-based operator landed in the top three of online handle as its awaited push into the US market continues.

BetMGM bumped its share of Ohio sports betting handle as well. In June, it accepted 7.4% of bets, or $25.8 million. BetMGM ended May with 6.9% market share of handle.

SuperBook posted its second straight losing month in Ohio. It lost $26,000 in June after losing $11,000 online in May.

OH sports betting by the numbers

Total Ohio sports betting handle, online and in-person, reached $363 million in June. It is a 19% drop from May, when sports bettors spent $447.4 million. A lower handle is typical in June, given the lower number of sports betting events to wager on.

Sportsbooks generated $32.5 million in revenue and sent the Buckeye State $3.2 million in state taxes.

June was the last month operators were taxed at 10% of revenue. The new 20% rate took effect on July 1.