This growth represented a 25% increase in handle and a 30% increase in revenue compared to September 2023. With the return of NFL and college football, Ohio’s sports-betting revenue surged to $106 million in September — the highest monthly profit since January 2024.
DraftKings and FanDuel led the way among Ohio’s 15 online sportsbooks, together accounting for over 67% of the state’s online betting handle. DraftKings managed a $307 million handle with a 12.1% hold, while FanDuel, with a slightly smaller handle of $276 million, achieved a notable 14.2% hold, bringing in $39 million in revenue. Ohio’s revenue growth reflects sustained betting interest, as state operators recorded double-digit increases in both handle and profit throughout the spring and summer. Ohio’s thriving mobile market has been crucial, with the state’s 19 mobile apps capturing most of the action in September, generating $102 million in revenue.
As the state’s sports-betting handle continues to expand, Ohio’s market has become especially attractive to new operators and investors. Oddin.gg, an esports betting solutions provider, recently secured a license to operate in Ohio, recognizing its potential. Oddin.gg’s CEO, Vlastimil Venclik, remarked,
“Ohio is poised to become one of the most dynamic betting markets in the U.S. … We’re excited to help operators tap into that potential.”
Oddin.gg Enters Ohio’s Thriving Betting Market
Oddin.gg’s expansion into Ohio marks an important milestone in its North American strategy. Already licensed in New Jersey, Colorado, and West Virginia, this recent move positions the esports-focused betting provider to capitalize on Ohio’s burgeoning sports gaming industry. The state’s estimated market value could reach $3.35 billion annually, making it a prime target for operators like Oddin.gg, which offers innovative solutions including an esports odds feed, risk management, and iFrame solutions.
Ohio’s comprehensive regulatory standards, which include evaluations of financial stability and operational integrity, further attest to Oddin.gg’s reputation for reliability and compliance. This new license not only demonstrates Oddin.gg’s regulatory compliance but also underscores its commitment to providing market-leading esports betting services. Venclik emphasized,
“Securing a license from the Ohio Casino Control Commission is a significant step in our North American journey.”
Oddin.gg’s approach combines advanced data science with machine learning algorithms to enhance profitability for its partners, while its platform appeals to younger demographics increasingly interested in esports betting. This expansion into Ohio supports its ambition to broaden esports betting’s appeal across new U.S. regions and cement its role as a leader in this emerging betting segment.
Ohio’s Strategic Position in the U.S. Betting Landscape
Ohio’s recent sports-betting performance has positioned it as a key player in the American Midwest, bolstered by its 10% tax on gaming revenue, which supports education and veteran initiatives across the state. The state’s 18 retail betting lounges, complemented by bar and restaurant kiosks, contribute additional revenue streams, though mobile betting remains dominant. With Oddin.gg’s entry into the state, Ohio operators are better equipped to meet the growing demand for varied sports-betting experiences, which now includes esports wagering.
The arrival of Oddin.gg could catalyze further growth, particularly as more operators join Ohio’s thriving ecosystem. September’s record revenue confirms the state’s appeal and reinforces the potential for long-term gains. As sports-betting legislation continues to evolve, Ohio remains a competitive market where innovative providers like Oddin.gg are well-positioned to make an impact, engaging the next generation of bettors while setting new industry standards.
