FanDuel Nears Top Spot, October Sports Betting Revenue Stays In Uptrend

Written By C.J. Pierre on November 30, 2023 - Last Updated on December 4, 2023
Upward trend for Ohio sports betting revenue in October

Ohio sports betting remained brisk in October. Bettors wagered $724.1 million with online operators in October. It was a significant increase from September’s $668 million, an 8.4% rise. The $724.1 million handle resulted in online operators winning $78.1 million in taxable sports wagering revenue.

Retail sportsbooks also had a strong month, handling $22.1 million in wagers while generating $2.4 million in taxable revenue. Ohio’s online and retail sportsbooks combined for a $746.2 million handle while reeling in $80.5 in taxable revenue.

The combined numbers make October the fifth-most profitable month since the launch of legal Ohio sports betting in January.

FanDuel nearly ties DraftKings in October betting

In July, DraftKings overtook FanDuel for the top spot in monthly online sports betting volume in Ohio. FanDuel had had been No. 1 every month before that. DraftKings’ dominance grew over the next two months, with the sportsbook enjoying a $53.5 million lead over FanDuel in September.

In October, however, FanDuel Ohio made a massive comeback. Its total betting handle was just $56,975 less than DraftKings’ handle.

According to numbers released by the Ohio Casino Control Commission, DraftKings Ohio handled over $258.7 million in sports bets in October. Meanwhile, FanDuel took in over $258.6 million worth of wagers.

October 2023 Ohio online sports betting numbers

📱 Sportsbook💰 October Handle💴 October Taxable Revenue
Hard Rock$8,150,343$587,928

FanDuel actually surpassed DraftKings in terms of taxable revenue in October. FanDuel brought in over $30.9 million in Ohio, while DraftKings reeled in $28.6 million. That continues a similar trend from last month, where FanDuel generated slightly more revenue despite taking a significantly smaller amount of bets.

Prime Sportsbook vaults above seven Ohio sportsbooks

Ohio’s newest online sports betting provider is seemingly making a good first impression with customers. Prime Sportsbook launched in mid-September, becoming Ohio’s 20th online sportsbook.

The new operator took in $366,001 in bets during the few weeks in September. The sportsbook exploded in October, taking in over $2.3 million in wagers, the 13th-most during the month.

While that may not seem impressive, keep in mind that Prime has been operating in Ohio for less than two months. It leapfrogged seven sportsbooks, five of which have been operating in The Buckeye State since January.

Prime generated over $66,000 in taxable revenue in October.

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C.J. Pierre

C.J. Pierre is a Lead Writer at PlayOhio. He has been covering news and sports for over a decade for both online and TV broadcasts. He was born and raised in Minneapolis, MN and is an alum of Minnesota State University: Moorhead. He recently dove into tribal casino, sports betting and online gambling news. He also covered the launch of sports betting in Arizona. C.J. has experience as a reporter and videographer and has covered high school, college and professional sports throughout his career, most notably following Arizona Cardinals, Phoenix Suns, Minnesota Vikings and North Dakota State University football.

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