Ohio sports handle hits $658 million in June
In June, Ohio posted an impressive $658.9 million in sports betting, placing it just behind New York, Illinois, New Jersey, and Arizona.
While this robust total ranks it among the top states, the per capita figures reveal a different story, highlighting an interesting gap worth exploring. Ohio bettors wagered a significant $658,859,016, which marks a 12.4% increase from the previous year, securing the fifth largest handle in the nation. Sportsbooks retained $68,859,609 with a hold rate of 10.45%, resulting in a 10.1% drop in revenue despite the higher betting volume.
The state’s take at the 20% rate was $13,771,922. These figures establish Ohio as one of America’s major betting markets based on sheer dollar amounts. However, when we look at dollars wagered per resident, Ohio ranks near the bottom, suggesting there’s more to the story than meets the eye. The data is sourced from the Ohio Casino Control Commission.
As the seventh-largest state by population, boasting around 12 million residents, Ohio inherently has an edge in total dollar rankings. However, when we calculate the handle per capita, a different perspective on Ohio’s betting habits emerges.