Football season likely can t come soon enough for (and other states) as betting handles and taxable revenues continue to decline during the summer months.
The Ohio Casino Control Commission reported just a little over $362.1 million in total sports betting handle for June, the lowest monthly total since Ohio sports betting burst onto the scene in January.
The slowdown is not unexpected, as most states typically experience lower sports betting totals during the summer when sports betting markets are limited in options and operator promotions tend to decrease.
Total taxable sports betting revenue was reported at $32.7 million, a nearly $25 million decrease from May s $57.8 million total.
DraftKings, FanDuel Still Tops in Buckeye State
Ohio reported $362,111,919 in total sports betting handle, a decline of nearly $84 million from May s $446.2 million handle total. Online sports betting again dominated the handle figures, with online sports betting operators reporting $348,377,229 in handle for the month.
Promotional spending among the online sports betting operators fell to a new low in June as well, which may also be a large factor in the overall handle decline. Operators only spent $14.8 million on promotions for the month, a decline of nearly $9 million from May s totals. For comparison, during the launch of sports betting in January operators spent more than $319.8 million on promotions to attract bettors.
and FanDuel again were the top two operators in the state. reported the highest handle in the state for June at $120.3 million compared with DraftKings $117.49 million in handle. also continued its strong run in Ohio, reporting the third highest handle in the month at $26.5 million, narrowly topping BetMGM s $25.8 million in June.
, which just announced a new retail sportsbook in the state in conjunction with the Columbus Blue Jackets, reported $2.2 million in online sports betting for the month.
Full March Ohio Online Sports Betting Numbers
Here are the total online sports betting operator figures for the month of June:
FanDuel: $120,326,665
DraftKings: $117,493,459
Bet365: $26,546,884
BetMGM: $25,810,205
Caesars Sportsbook: $20,426,469
Barstool Sportsbook: $14,470,772
Hard Rock: $6,024,832
Tipico Sportsbook: $4,056,562
BetJack: $2,556,675
Rush Street Interactive: $2,245,790
Fanatics: $2,240,706
PointsBet Ohio: $2,169,810
BetFred Sports: $1,437,342
Betway: $561,382
SuperBook: $535,348
Parx Interactive: $516,518
MVGBet: $488,224
Betr: $469,586
The operators reported the following taxable sports betting revenues for June:
FanDuel: $14,041,106
DraftKings: $9,302,782
Bet365: $2,651,683
BetMGM: $2,265,647
Caesars Sportsbook: $1,191,527
Barstool Sportsbook: $774,571
Tipico Sportsbook: $409,254
Fanatics: $402,222
Hard Rock: $282,911
PointsBet Ohio: $244,271
BetJack: $153,498
Rush Street Interactive: $142,250
BetFred Sports: $53,772
Parx Interactive: $45,461
Betway: $30,627
Betr: $26,301
MVGBet: $1,951
SuperBook: (reported $25,999 in lost revenue for the month)
Reds Sportsbook Lagging Behind
Retail sports betting only contributed $13,734,690 in total handle for the month, with only $689,028 in taxable revenue.
The Cincinnati Reds sportsbook, which is run by , only reported $116,765 in total handle for the month. It s been one of the worst performing retail sportsbooks in the state, only outperforming FC Cincinnati s retail sportsbook, run by SuperBook, in the state.
The Reds and BetMGM announced in June that the sportsbook would be from the Great American Ball Park to a new location in downtown Cincinnati.
The new sportsbook will be located at The Banks, a mixed-use development near the baseball stadium and in proximity to the Ohio River. BetMGM noted that the sportsbook at the Reds ball park will remain open through Fall 2023.
Here are the total retail operating figures for the month.
Here are the retail sports betting totals for the month.
RLinnehanXL (@RLinnehanXl)
