CLEVELAND, Ohio — Ohio’s sportsbooks took in nearly $8.9 billion worth of bets during the state’s second year of legal sports gambling, an increase from $7.7 million in 2023.
Still, online and in-person betting operations brought in less revenue than the previous year at $901.4 million, compared to $935 million in 2023.
Reported revenue is the money companies receive after paying out winnings and voided wagers. It doesn’t include expenses, such as the overhead costs of running sportsbooks.
The year’s final month came with $960 million of bets in December, the second-highest monthly total in 2024, according to data compiled from the Ohio Casino Control and Ohio Lottery commissions. This is behind only November, which saw $1 billion in bets.
After paying out winnings and voided wagers, the companies generated over $57 million in revenue in December.
December’s revenue reports are the final tally for the second year of Ohio’s new sports betting industry. Mobile apps were the most popular way to place bets, receiving 97.5% of bets. FanDuel and DraftKings led the way with $2.9 billion each in 2024.
For all of 2024, Ohioans placed $8.9 billion in bets using mobile apps, betting lounges and the state lottery’s betting kiosks.
Betting apps generated $8.7 billion in bets, followed by the state’s 18 in-person betting lounges, which generated $205 million. Lottery kiosks generated $12.9 million.
After paying out winnings and other costs, revenue had a similar breakdown among betting methods. Betting apps collected the most at $882 million, in-person sportsbooks accounted for $17.8 million and betting kiosks had just $1.2 million in revenue.
Zachary Smith is the data reporter for cleveland.com. You can reach him at zsmith@cleveland.com.
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