On Dec. 22, 2021, Governor Mike DeWine signed HB 29 into law, allowing both online and retail sports wagering to take place in the Buckeye State.
The launch of 16 online sportsbooks occurred on Jan. 1, 2023, and following the departure of brands like Tipico and Betway, there are once again 15 legal betting sites accessible in Ohio.
Ohio sports betting revenue
Ohio sports betting began on Jan. 1, 2023, and features both online betting and retail betting. The Buckeye State generated $7.67 billion in total sports betting handle in its first year.
Ohio set a new handle record for October.
Below is an outline of Ohio's sports betting figures:
Ohio annual data
| Year 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| 2025 | $8,165,283,791 | $778,612,289 | 9.8% |
| 2024 | $8,893,863,041 | $905,808,642 | 10.2% |
| 2023 | $7,670,544,772 | $936,365,302 | 12.2% |
Ohio 2025 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $1,012,283,327 | $80,235,725 | 7.9% |
| Feb | $761,606,417 | $75,312,691 | 9.9% |
| Mar | $993,010,710 | $66,527,136 | 6.7% |
| Apr | $807,221,903 | $73,685,306 | 9.1% |
| May | $741,271,201 | $88,808,435 | 12.0% |
| June | $586,320,986 | $74,954,479 | 12.8% |
| July | $532,588,622 | $60,270,591 | 11.3% |
| Aug | $663,174,153 | $72,675,446 | 11.0% |
| Sept | $949,939,676 | $82,942,480 | 8.7% |
| Oct | $1,117,866,796 | $103,200,000 | 9.2% |
Ohio 2024 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $811,594,052 | $113,366,455 | 14.0% |
| Feb | $671,992,052 | $66,373,623 | 9.9% |
| Mar | $809,347,938 | $63,852,786 | 7.9% |
| Apr | $674,161,449 | $73,922,610 | 11.0% |
| May | $612,651,638 | $67,362,567 | 11.0% |
| June | $530,621,518 | $51,262,547 | 9.7% |
| July | $477,476,776 | $55,161,661 | 11.6% |
| Aug | $548,677,540 | $48,647,690 | 8.9% |
| Sept | $864,256,366 | $111,984,792 | 13.0% |
| Oct | $902,902,897 | $81,272,763 | 9.0% |
| Nov | $1,025,738,190 | $117,056,593 | 11.4% |
| Dec | $964,442,625 | $55,544,555 | 5.8% |
Ohio 2023 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $1,114,101,739 | $209,037,382 | 18.8% |
| Feb | $639,795,553 | $82,879,568 | 13.0% |
| Mar | $738,613,175 | $95,313,123 | 12.9% |
| Apr | $521,703,584 | $63,819,857 | 12.2% |
| May | $447,477,360 | $57,828,887 | 13.0% |
| June | $363,066,723 | $32,559,655 | 9.0% |
| July | $331,083,998 | $37,094,807 | 11.2% |
| Aug | $378,788,183 | $40,722,424 | 10.8% |
| Sept | $691,660,975 | $81,637,995 | 11.8% |
| Oct | $747,662,730 | $80,384,455 | 10.8% |
| Nov | $865,465,266 | $67,853,190 | 7.8% |
| Dec | $831,125,486 | $87,233,959 | 10.5% |
Ohio sports betting at a glance
- Launch date: January 2023
- Regulator: Ohio Casino Control Commission (OCCC)
- Latest reported month: September 2025
- Lifetime handle: $23,434,549,059
- Lifetime revenue: $2,504,480,256
- Last updated: December 24, 2025
Note: Ohio reports sports betting revenue on a monthly basis. Figures below reflect combined online and retail wagering unless otherwise specified by the regulator.
About sports betting revenue in Ohio
Ohio legalized sports betting in December 2021, with both retail and online wagering launching simultaneously on January 1, 2023. Regulation of the market falls under the Ohio Casino Control Commission, which oversees one of the most aggressively scaled betting rollouts in the U.S.
Rather than building around casinos alone, Ohio adopted a broad-access model that integrates professional sports franchises, brick-and-mortar casinos, racinos, kiosks, and standalone mobile operators. This approach prioritized immediate statewide reach and rapid consumer adoption, resulting in one of the most active launch-year betting markets on record.
The Ohio Casino Control Commission releases monthly sports wagering reports detailing handle, revenue, and tax receipts across both mobile and retail channels. These reports provide a clear view into how a high-population, sports-centric state behaves when given widespread and convenient betting access from day one.
Because Ohio combines a large fan base, year-round sports interest, and an unusually expansive licensing structure, its sports betting data reflects early-stage saturation rather than gradual market buildout. As a result, Ohio’s figures are best interpreted through the lens of launch intensity, consumer normalization, and long-term stabilization — not as a direct analogue to slower-growing or more tightly restricted markets.
How to read revenue numbers
- Handle represents the total amount wagered by bettors during the month.
- Revenue reflects sportsbook winnings after payouts, before expenses.
- Hold is calculated as revenue divided by handle, expressed as a percentage.
Monthly revenue can fluctuate significantly due to seasonality, betting mix, and the outcomes of major sporting events.
Ohio sports teams you can bet on
Though Ohio State athletics loom large, the Buckeye State also has a professional team in each of the major sports leagues for locals to support. But whether you're a fan of the Cleveland Cavaliers or like cheer on Joe Burrow and the Cincinnati Bengals, it's not always best to put your money where your mouth is when backing your favorite squad.
Sports bettors should always be careful when risking their bankroll. Do your due diligence before blindly laying action on your hometown team. Our how to bet guides are a great place to start.
Although no scheduled fights or Formula One races are coming to the Buckeye State anytime soon, the best UFC betting sites, boxing betting sites, and F1 betting sites easily allow you to back fighters and drivers you can cheer on as passionately as your hometown teams.
Ohio sports betting law
More than a year after Gov. Mike DeWine signed HB 29 into law, legal sports betting in Ohio became a reality. Today, sports wagering in the Buckeye State compares favorably to other U.S. jurisdictions.
Here's a brief overview of all things Ohio sports betting:
- The Ohio Casino Control Commission oversees all online and land-based sports wagering in Ohio.
- You must be at least 21 years old to bet on sports in Ohio.
- HB 29 allows 25 online sportsbook (Type-A) licenses and 40 retail sportsbook (Type-B) licenses.
- Sports betting revenue is taxed at a rate of 10%.
- Betting on politics or amateur athletes under the age of 18 is prohibited.
- College sports betting (in-state included) is permitted. Ohioans may also wager on esports contests.
Covers and credibility
We have had our finger on the pulse of the sports betting industry for more than 25 years. The sports betting revenue figures and statistics found here have been personally reviewed, verified, and fact-checked to ensure their validity.
News outlets turn to Covers for our earned reputation as a trusted and authoritative source of sports betting information. These are among the notable publications and media outlets that have referenced Covers.com and our industry experts.
More industry resources
As states continue to authorize legal sports betting — now 38 states plus DC, consult these informational websites for additional information on the sports betting industry:
- American Gaming Association (AGA): Organization dedicated to advancing the gambling industry's interests by promoting, educating, and advocating for responsible gambling.
- Professional and Amateur Sports Protection Act (PASPA): Supreme Court of the United States ruling.
- National Council on Problem Gambling: Those seeking help for a gambling problem can call 1-800-GAMBLER toll-free, 24/7.
Related sports betting revenue coverage
U.S. Sports Betting Revenue Tracker
Monthly Sports Betting Revenue by State: Arizona | Arkansas | Colorado | Connecticut | DC | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Missouri | Nevada | New Hampshire | New Jersey | New York | North Carolina | Ohio | Oregon | Pennsylvania | Rhode Island | Tennessee | Vermont | Virginia | West Virginia | Wyoming
Sports betting revenue tracker FAQ
The sports that generate the most sports betting revenue can vary depending on factors such as the sport's popularity, the betting market's size, and the timing and frequency of significant events. Football stands as the most popular sport for betting in the United States, with the NFL generating the highest revenue. The Super Bowl alone is one of the world's most-watched and bet-on sporting events. Basketball is also a popular sport for betting, particularly in the United States where the NBA lays claim to the top basketball league in the world.
Sports betting revenue varies greatly depending on the region, market, and size of the industry. However, in many jurisdictions, sports betting can generate significant revenue and contribute to the overall economy. Compared to other industries, sports betting revenue may not be as significant. For example, in 2020, the global video game industry was estimated to generate over $159 billion in revenue. Meanwhile, the global film industry was estimated to generate over $100 billion in revenue in 2020.
The popularity of select sports events cannot be overlooked, with the Super Bowl and World Cup among the largest betting events in the globe. Betting odds and lines also greatly impact the amount of revenue generated by sports betting. Other factors include technological advancements, including the live streaming of events.
The future of sports betting revenue hinges on additional markets legalizing sports betting, via mobile betting, land-based, or a combination of both. An uptick in legal U.S. markets will trigger increased revenues, while new bet trends including same game parlays and in-game wagering, unlocks more opportunities for customers.
Online sports betting has significantly impacted sports betting revenue, notably in states where it is legal and regulated. The rise of online sports betting has facilitated the customer experience, allowing people to place bets remotely or in-person from the event itself, leading to increased revenue for sportsbooks. Betting site operators can also reach a much larger audience and customer-base. Overall customer convenience plays a large part in driving up sports betting revenue.
Gross revenue represents the total amount of money a sportsbook takes in from all customer bets, and it includes the total value of all bets placed, regardless of whether the bets won or lost. In other words, gross revenue is the total amount of money a sportsbook earns from its customers. Net revenue, conversely, is the amount of money a sportsbook earns after deducting all its operating expenses. This includes things like salaries, rent, marketing expenses, and other costs associated with running the sportsbook. Net revenue is the profit a sportsbook makes from its operations.
Major sports events including the Super Bowl and World Cup have a significant impact on sports betting revenue. These events garner a lot of attention from fans, which leads to increased betting activity and higher revenue for sportsbooks. The Super Bowl alone is the largest single-day betting event on the sporting calendar, which generates millions of dollars in revenue for sportsbooks.
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