Ohio Enjoys April Boom For Sports Betting – iGaming Post

Ohio’s sports betting industry is experiencing a remarkable surge, particularly observed in April 2025. The state’s sportsbooks reported a spectacular betting volume, amassing an impressive $807.2 million in wagers. This represents a significant 19.7% increase compared to the same month last year, marking the highest betting handle recorded for April since the inauguration of online sports betting in early 2023.

In the first four months of 2025, Ohio’s total sports betting handle has surpassed $3.5 billion, indicating a robust 20.6% increase relative to the same period in 2024. This growth highlights a burgeoning market, reflective of evolving consumer preferences and growing acceptance of sports wagering in the state.

Despite this impressive year-on-year growth, the handle for April did experience a notable decline of 18.7% from March 2025, which had seen figures nearing the $1 billion mark due to heightened betting activity surrounding the NCAA basketball tournament.

Ohio’s sportsbooks generated approximately $73.7 million in revenue during April, slightly down from $73.9 million in April 2024. The hold percentage for the month stood at 9.1%, a noteworthy improvement from March’s 6.7%, which marked the lowest figure recorded since December 2024. This uptick in hold percentage underscores a more favorable outcome for operators, signaling enhanced profitability trends.

Revenue Source Breakdown

Online sports betting has proven to be a significant contributor to Ohio’s revenue, with approximately $74 million generated from a handle of $794.8 million. In contrast, retail sportsbooks faced challenges, reporting a loss of $367,110 despite $12.4 million wagered in person. This discrepancy highlights the increasing preference for online wagering among consumers.

Leading Operators in the Market

FanDuel continues to dominate Ohio’s sports betting landscape, posting a handle of $271.7 million for April. The operator’s revenue for the month reached around $29.9 million, reflecting an impressive 11% hold. However, this figure marks a decline from March’s performance, which peaked at $36.5 million.

DraftKings closely follows, reporting a handle of $248.6 million, translating to $23.1 million in revenue with a 9.3% win rate. Other significant players in the market include bet365, BetMGM, Fanatics Sportsbook, and Caesars, each contributing to the competitive nature of Ohio’s sports betting environment.

As the industry continues to expand, operators are encouraged to leverage modern technology and innovative strategies to enhance user experience and optimize betting offerings. The competitive dynamics within Ohio’s sports betting market will likely drive further advancements and improvements, solidifying the state’s position as a key player in the national landscape.