The statewide handle was only $520 million, which was down 27.5% from March and almost 50% lower than the total from January.
Most of the betting was done online and generated $63.7 million in taxable revenue, but this was also a notable drop from the previous month.
The big three online sportsbooks in Ohio: FanDuel, DraftKings, and BetMGM
In April, FanDuel and its partner Belterra Park continued to lead the Ohio sports betting industry, accepting over $185 million in wagers.
While this was a decrease from last month’s $258 million, the company still maintained a strong position, seeing a decline in promotional bets but with a taxable online revenue of $27.8 million.
DraftKings followed in second place, handling $161.2 million in bets and earning $17.2 million in taxable revenue.
BetMGM moved up to third place, but also experienced a decline in April, with $38.1 million in bets and $4.7 million in taxable earnings. BetMGM also offered the fewest promotional wagers for the fourth consecutive month.
- Bet365 is No. 4 in handle and earned $5.1 million in taxable revenue but gave out the third-most in promotional wagers and bonuses.
- Barstool Sportsbook holds down No. 5 with $23.4 million in handle and $2.1 in taxable revenue.
- MVGBet is the only Ohio online sportsbook company reporting a loss for April
Barstool tops retail sportsbooks
Barstool Sportsbook and its retail partner Hollywood Gaming lead the pack in accepting wagers and earning taxable revenue. Together, they handled almost $6 million in wagers and made around $300,000 in taxable income.
Seminole Hard Rock Digital came in second, with the Hard Rock Cincinnati property handling $2.8 million in wagers and earning the most taxable revenue ($395,504) among the 14 brick-and-mortar shops.
betJACK and its partners JACK Cleveland and JACK Thistledown came in third with a reported April handle of $2.7 million, earning the second-most revenue in the state at $391,870.
BetMGM and its partners earned $390,000 in taxable revenue during April between their flagship MGM Northfield Park racino and its partnership with the Cincinnati Reds, while the Great American Ballpark property reported a $38,550 loss.