FanDuel Takes Ohio Sports Betting Top Spot From DraftKings In October

Ohio online sportsbooks had their second-highest handle in state history in October, accepting $881.7 million in wagers. They had a below-average 9.1% hold, resulting in $80.3 million in taxable revenue.

FanDuel led the state in both categories, reporting a $307.2 million handle with $34.5 million in taxable revenue (11.2% hold). DraftKings led the state in handle for the previous five months.

FanDuel, DraftKings jockey for pole position

October represented the first time since April when FanDuel surpassed DraftKings in Ohio sports betting handle. FanDuel held the top spot the first four months of the year, meaning each book has now held that mark for half the year.

That said, DraftKings has amassed a $2.285 billion handle in 2024, 1.8% more than FanDuel’s $2.245 billion.

When it comes to revenue, however, FanDuel is the clear leader. FanDuel Sportsbook has generated the most revenue in the state every month this year, reporting $306.5 million. That’s 31.9% greater than DraftKings Sportsbook, which has made $232.4 million.

Bet365, BetMGM lead the rest of the pack

In total, FanDuel and DraftKings accounted for 68.6% of Ohio wagers and 75% of sports betting revenue in the state.

As for the remaining 31.4% market share, bet365 Sportsbook ($72.2 million handle; 8.2% market share) and BetMGM Sportsbook ($59.5 million handle; 6.7% market share) claimed nearly half. They had monthly revenues of $6.1 million and $3.9 million, respectively.

Fanatics Sportsbook ($41.7 million handle; 4.7% market share) had just under 5% of all wagers in Ohio and reported just below $3 million, rounding out the top five in both categories.

Four more sportsbooks had eight-figure handles, and three had seven-figure revenue totals in October:

• Caesars Sportsbook: $29 million handle; $2.4 million revenue
• ESPN Bet: $28.4 million handle; $2.1 million revenue
• Hard Rock Bet: $17.8 million handle; $1.5 million revenue
• Prime Sports: $11.9 million handle; $0 revenue

Two of the six remaining sportsbooks failed to reach $1 million handles.

• BetJACK Sportsbook: $6.5 million handle; $372K revenue
• BetRivers Sportsbook: $4.4 million handle; $349K revenue
• Bally Bet Sportsbook: $3.4 million handle; $347K revenue
• Betr Sportsbook: $1 million handle; $34K revenue
• BetPARX: $467K handle; $19K revenue
• MVGBet: $294K handle; $37K revenue

Handle record coming in November; will a revenue record come in December?

Every month except January has brought year-over-year handle increases in Ohio sports betting. October’s second all-time handle only falls shy of Ohio’s first month with legal sports betting, January 2023’s $1.09 billion handle.

Through October, Ohio sportsbooks have handled more than $6.7 billion in wagers in 2024. They will need to report a handle exceeding $710.8 million in November to top 2023’s total handle of $7.44 billion — a near certainty.

That said, 2023’s annual revenue totaled $911.4 million, fueled by January 2023’s record $205.1 million. 

Ohio sportsbooks have only broken $100 million in revenue twice this year and have totaled $713.8 million through October. They are $197.6 million short of matching last year’s total with two months remaining, meaning they’ll likely need another nine-figure month to set a new record.