For the first time in 2024, FanDuel was not the most-played sportsbook in Ohio in May.
DraftKings beat its rival in handle in the most recent Ohio sports betting figures released by the Ohio Casino Control Commission. DraftKings took $204.2 million in wagers in May, ahead of FanDuel’s $199.8 million. DraftKings has now exceeded $200 million in handle nine months in a row.
That made May the first month since last October in which FanDuel did not lead Ohio sports betting in both handle and revenue.
However, the Flutter-owned brand stayed top of the pile in terms of winnings, taking $30.6 million in gross gaming revenue against DraftKings’ $20.1 million. Those takings came courtesy of a 15.3% hold compared to DraftKings’s 9.8%. The sportsbook did also have the highest promotional expenditure of all 19 online sportsbooks with $8.2 million in credit.
FanDuel’s winnings were up 26.3% year-over-year.
bet365 stays on the podium
Behind the big two, bet365 held onto third place in the state for the fourth month in a row.
The British sportsbook took $4.7 million in revenue from a $45 million handle, ahead of BetMGM’s $3.4 million from $41.3 million. Caesars followed those two with $29.5 million in handle, just ahead of ESPN BET, which finished with $27.8 million in bets.
Prime Sportsbook and Betr both lost money in the Buckeye State in May. Since January, Prime has only had one month where it did not finish with revenue losses.
Overall, Ohio’s total sports betting handle across online wagering and retail was $612.7 million in May, up $36.9 from May 2023. Total adjusted gross revenue was $67.5 million, up 16.4%. Handle and AGR both dipped by around 9% from April.
Ohio sportsbooks have now taken more than $11 billion in bets since the state’s market launched online sports betting in January 2023. Around three-quarters of the state’s all-time tax revenue from online wagering has come since Gov. Mike DeWine doubled the rate to 20%.
