The Ohio sports betting market in April added another half billion dollars to its 2023 tally, taking over $520 million betting volume for a total of just over $3 billion on the year.
The Ohio market has expectedly slowed since its initial splash into the U.S. industry in January, but the state is still on pace to push for top-three status among U.S. sports betting markets in 2023.
Since taking a record $1.1 billion in January bets, the market has benefited from the Super Bowl and March Madness propping up its second and third months, and April’s $520,576,451 handle showed that Ohio is poised to keep a brisk pace during the typically slower summer months.
Ohio hauls in $520 million in April handle
Ohio sportsbooks made $63.8 million in revenue on $$520.6 million in April betting volume. The latter figure was nearly a 30% drop from March’s $737.2 million, an expected decrease after March’s heavy NCAA Tournament betting.
For the year, Ohio is now up to over $3 billion in betting volume with nearly $450,000 in revenue.
Ohio online sportsbooks continue to dominate market
No surprise here, but sportsbook apps continue to be the most popular betting option in Ohio.
In April, online sportsbooks accounted for over 97% of the market, with $505,643,097 in handle. Sportsbook apps came in with $62,272,609 in revenue.
FanDuel Sportsbook and DraftKings Ohio continue to dominate the Ohio online sportsbook market. FanDuel took around $185,000 in April bets for a 36.5% market share. DraftKings was at $161,000 and 31.9%
|Sportsbook||April Handle||Market Share||April Revenue
Retail sportsbooks took nearly $15 million in April bets
The Ohio retail sportsbook market saw a similar decline as the state’s online sportsbooks, with total handle falling to $14.9 million from March’s $21.9 million.
Again, the drop-off can be directly traced to the huge draw of March Madness for the retail sportsbooks in March. April’s figures could portend how the summer months will look before betting picks back up with the NFL regular season beginning in September.
As far as retail sportsbook betting volume, the Barstool Sportsbook at Hollywood Columbus led the way with $2,987,249, followed by the Hard Rock OH at Hard Rock Cincinnati ($2,815,180) and the BetJACK Sportsbook at JACK Cleveland ($1,661,306)
Brick-and-mortar sportsbooks came away with just under $1.5 million in revenue, led by the Hard Rock Sportsbook in Cincinnati ($395,504), BetJACK Sportsbook in Cleveland ($263,021) and the BetMGM Sportsbook at MGM Northfield Park ($217,249).
|Hard Rock Cincinnati||Hard Rock||$2,815,180||$395,504|
|MGM Northfield Park||BetMGM||$1,176,818||$217,249|
|Hollywood Mahoning Valley||Barstool||$1,127,665||$71,641|
|Miami Valley Gaming||MVGBet||$408,695||$26,826|