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DraftKings Tops Ohio Sports Betting Handle For The First Time This Year in May 2024

Collins Garrett

Updated as of July 4, 2024 at 12:40 PM EDT. For more information, check out the latest updates on Twitter and Google News.

Cleveland Guardians manager Stephen Vogt walks on the field as we look at our May 2024 Ohio sports betting financials.
Cleveland Guardians manager Stephen Vogt walks on the field during a pitching change in the seventh inning against the Chicago White Sox at Progressive Field. Photo by: David Richard/USA TODAY Sports.

The May 2024 sports gaming revenue report from the Ohio Casino Control Commission (OCCC) shows promising results for the top sports betting sites, mirroring the positive trends seen nationwide.

The report showed a 36.9% rise in handle compared to the previous year, with more than $611.6 million bet in the Ohio sports betting market. May marked the eighth straight month with a handle surpassing $600 million, bringing the state’s total handle to over $11 billion.

Where it went

Ohio sports betting apps controlled the market, making up more than 97% of the total handle with $595.2 million in wagers, while retail sportsbooks only accounted for $16.4 million.

DraftKings overtook FanDuel in handle this year, bringing in $204.2 million compared to FanDuel’s $199.8 million. However, FanDuel maintained a higher revenue than DraftKings. Experience the new handle leader in Ohio with our DraftKings promo code.

DraftKings earned $20.1 million in revenue, while FanDuel generated $30.6 million. Together, online and retail sportsbooks brought in a total adjusted gross revenue of $67.2 million, marking a 16.4% increase from the previous year.

Both offer a wide variety of Ohio sportsbook promotions.

Other sportsbooks

In May, bet365 ranked third with $45 million in handle and $4.7 million in revenue. Following closely behind were BetMGM, Caesars, and ESPN BET in fourth, fifth, and sixth place.

Ohio legalized retail and online sports betting on January 1, 2023. This new law allows for up to 25 operators to obtain a Type A license for online wagering and up to 40 Type B licenses for retail sportsbooks.

As of now, there are 19 online sportsbooks and 18 retail sportsbooks in operation in Ohio. With the addition of May’s figures, the state’s sports gaming revenue for 2024 has exceeded $384.4 million.

Written By:
Collins Garrett
Ziv has over two decades of experience in the igaming and sports betting industry, having served in senior marketing and business development positions with both B2C and B2B companies, including Playtech and Microgaming. In 2019, Ziv decided to pursue his passion for writing and became a fulltime industry journalist, covering casino, sports, and gambling business news. He’s specialties include casino games and technology, US state gambling regulation, company performance, as well as gambling affiliates and marketing. As a Pitt graduate, Ziv is a diehard fan of all Pittsburgh sports teams, with the Steelers at the top of the list. In his free time, he enjoys reading crime fiction, biographies (mainly of sports personalities, but not only) and American history. Ziv’s Favorite quote: “We’re going to pursue perfection, knowing full well we won’t catch it, but we’re going to relentlessly chase it,” Mike Tomlin, Pittsburgh Steelers Head Coach.