Ohio Sports Betting 2024: Why Wagering is Up but Revenues are Declining

CLEVELAND, Ohio — In its second year of legal sports gambling, Ohio’s sportsbooks handled nearly $8.9 billion in bets, up from $7.7 billion in 2023. However, the revenue dropped slightly to $901.4 million from $935 million the year before.

Revenue reflects what companies earn after paying out winnings and voided bets. It doesn’t consider their operating costs.

December was a strong month for betting, with $960 million wagered, making it the second-highest figure for 2024. November led the charge with $1 billion in bets.

After covering winnings for the month, sportsbooks generated over $57 million in revenue in December. This figure wraps up the totals for the second year of Ohio’s sports betting scene.

Mobile apps were the top choice for bettors, accounting for 97.5% of all wagers. FanDuel and DraftKings particularly stood out, each bringing in $2.9 billion in bets throughout the year.

Overall, Ohioans placed $8.9 billion in bets via mobile apps, betting lounges, and lottery kiosks. Betting apps dominated with $8.7 billion in wagers. The state’s in-person lounges added $205 million, while lottery kiosks contributed $12.9 million.

When it comes to revenue breakdown, betting apps led with $882 million. In-person sportsbooks earned $17.8 million, and the kiosks brought in only $1.2 million.

This data offers a glimpse into the growing and changing landscape of sports betting in Ohio, emphasizing mobile betting’s popularity.

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