The Ohio Casino Control Commission has released its revenue figures for legal sports betting and casino gaming in October 2024. The sports betting handle reached $901.4 million, its second-highest total since online sports betting launched in January 2023. This marks a 20.6% increase year-on-year and a jump of 4.5% from September 2024.
Meanwhile, casino operators generated over $83 million in revenues, a 4.6% increase year-on-year and a 1.7% jump from the month prior.
Sports Betting Revenues Drop Amid Near Record High Handle
Despite the vast sports betting handle, sports betting revenues dropped significantly in October 2024 to nearly $81.5 million from almost $106.2 million the month prior. The October 2024 figure did climb from almost $80.6 million generated in October 2023, but that figure came from a much lower handle of over $746.3 million.
Many other US states showed a similar trend in October, with sports betting handles increasing thanks to the return of the NBA, NHL, and continuation of the NFL, but revenues falling thanks to bettor-friendly results. Ohio was one of the few to show year-on-year revenue improvement.
| Operator | Online Sports Betting Revenue October 2023 | Online Sports Betting Revenue October 2024 | Change |
| Betway | $63,503 | N/A | N/A |
| FanDuel | $30,961,763 | $34,482,636 | +11.4% |
| Betfred | $159,169 | N/A | N/A |
| Bally Bet | $53,642 | $346,572 | +546.1% |
| bet365 | $3,849,755 | $6,114,963 | +58.8% |
| Fanatics | $2,553,382 | $2,951,052 | +15.8% |
| Tipico | $472,944 | N/A | N/A |
| SuperBook | -$5,552 | -$1,100 | +80.2% |
| Prime Sports | $66,153 | -$120,084 | -281.5% |
| Hard Rock Bet | $587,928 | $1,459,656 | +148.2% |
| Betr | -$4,680 | $34,361 | +834.2% |
| ESPN BET | $1,633,321 | $2,055,461 | +25.8% |
| BetRivers | $261,784 | $348,793 | +33.2% |
| PointsBet | $383,164 | N/A | N/A |
| DraftKings | $28,605,779 | $25,738,697 | -10.0% |
| BetJack | $434,333 | $371,716 | -14.4% |
| BetMGM | $5,677,408 | $3,941,725 | -30.6% |
| MVGBet | -$14,966 | $37,359 | +349.6% |
| betPARX | $64,335 | $18,788 | -70.8% |
| Caesars Sportsbook | $2,332,616 | $2,354,325 | +1.0% |
The year-on-year revenue comparisons show how the Ohio sports betting market has consolidated in its second year, with many operators stopping operations like PointsBet, Tipico, Betfred, and Betway. Additionally, many operators that didn’t generate revenues in October 2023 managed to earn in October 2024, although Prime Sports’ revenues dropped into losses of over $120,000.
Majority of Ohio Casinos Increase Revenues
Three of the four casinos reporting revenues to the Ohio Casino Control Commission increased earnings year-on-year, with Hollywood Columbus Casino benefiting from the most significant rise of 12.6%. The casino brought in the most revenue of any casino operator in Ohio. Another casino under the Hollywood branding, Hollywood Toledo Casino, also posted revenue increases of 6.4%.
| Casino | October 2023 | October 2024 | Change |
| Jack Cleveland Casino | $21,467,348 | $19,814,049 | -7.7% |
| Hollywood Columbus Casino | $21,289,995 | $23,979,527 | +12.6% |
| Hard Rock Cincinnati | $18,946,506 | $20,420,963 | +7.9% |
| Hollywood Toledo Casino | $17,672,669 | $18,796,029 | +6.4% |
| Total | $79,376,518 | $83,010,568 | +4.6% |
Hard Rock Cincinnati broke the $20 million revenue barrier in October 2024, marking three consecutive months of clearing this milestone while enjoying year-on-year growth of 7.9%.
The only casino to see revenue drops was Jack Cleveland Casino, with its revenues falling by 7.7% to over $19.8 million. While table game revenues increased across the state, with Ohio hitting its highest table game revenues since March, Jack Cleveland Casino lost its status as the state’s most prominent table game operator over the year. It provided 120 tables in October 2023, dropping to 99 in October 2024, below the 100 available at Hard Rock Cincinnati.