Ohio sports betters wager nearly $9 billion in 2024

Sports Betting

Ohio Lottery reported a combined $9 billion worth of wagers for 2024. The Buckeye State, which had the largest simultaneous launch of operators in U.S. history to ring in 2023.

April’s handle was up 29% compared to 12 months prior, though the $2.97 billion worth of wagers placed in the first four months of 2024 is down 1.6% year-over-year. Wagering via sports betting apps totaled $657.1 million, accounting for 97.5% of total handle.

Sportsbooks had a field day against the betting public, crafting a hold just shy of 11% to claim $74.1 million in adjusted gross sports betting revenue. That was up 15.9% from April 2023, with winnings failing to keep pace with handle as operators had a 12.2% hold last April. Ohio sportsbooks have collectively posted double-digit holds in 13 of 16 months, including three times in 2024.

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