Ohio Sports Betting Sees New Market Leader In July

Written By

Updated on

Ohio sports betting

DraftKings hit the top spot in Ohio sports betting online handle in July with $116.1 million.

It is the first time DraftKings accepted the most OH sports betting dollars since the market launched in January. FanDuel was the second most popular app by handle in July.

FanDuel handled $106.6 million in online bets, according to figures released Thursday

FanDuel did generate the most monthly revenue in July, though, posting a $14 million profit. DraftKings produced $11.8 million in revenue for the month.

OH sports betting app battle

Outside the top two, a trio of Ohio sports betting apps make up the state’s next tier of online options.

UK powerhouse bet365 has cemented itself as the third most popular app in recent months, handing out $53.8 million in promotions since January. It accepted $23.5 million in online bets in July, generating $2.8 million in revenue.

BetMGM handled $22.9 million online in July, followed by Caesars Sportsbook at $17.7 million.

Those performances left the other 13 operators fighting for the remaining 10% of handle.

Revenue up, promo spend down

Total Ohio sports betting revenue increased 13.5% to $37.1 million in July compared to June‘s low revenue mark of $32.7 million.

The 18 sportsbook apps combined to offer $10.7 million in July bet credits, marking the lowest monthly promotional spend this year.

Operators shelled out $319.4 million in January to entice customers to sign up. Promotional spending in Ohio has not topped $60 million in any month since.

OH sports betting handle hits new low

Ohio sports betting handle dipped to its lowest point since launch at $331.1 million, down 8.6% from June. The dip is expected through the summer months with a limited betting calendar.

Ohio collected $7.4 million in July sports betting taxes off its new 20% rate, which took effect on July 1.