Ohio Sports Betting Handle Hits $901.4 Million in October 2024

By Matt Speakman,
Betting Expert at online-gambling.com

Matt Speakman Betting Expert at online-gambling.com

A die-hard fan of the Patriots, Matt Speakman is an expert on everything related to sports betting and DFS sites. Over the years, he has proven a valuable asset for our team at online-gambling.com. You can find Speakman's professional tips and tricks in any of his many articles on the website.

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Last updated: December 13, 2024

Ohio reported an October sports betting handle of approximately $901.4 million. This marks a 20.6% increase from the same period in 2023 ($747.7 million) and a 4.5% rise from September 2024 ($863 million). This remarkable figure solidifies Ohio’s position as one of the leading US states in the growing sports betting industry in the country.

A Steady Climb: Monthly Trends in 2024

2024 has been very dynamic for the sports betting market in Ohio. So far, there have been both fluctuations and seasonal peaks, with a significant drop between May and August. To paint a clearer picture, we’ve included a detailed breakdown of the monthly Ohio sports betting handles from January to October 2024:

• January: $810.4 million
• February: $671.1 million
• March: $700 million
• April: $600 million
• May: $550 million
• June: $500 million
• July: $520 million
• August: $548.7 million
• September: $864.3 million
• October: $901.4 million

The differences are somewhat easily explainable and closely tied to the sports calendar. Major events like March Madness and the NFL season make for significant spikes, while the summer period is evidently slower. The October sports betting handle in Ohio is the highest, followed by September at $864.3 million and January at $801.4 million.

Year-Over-Year Growth

The 20.6% increase in year-over-year growth from October 2023 represents the undeniable expansion of the sports betting market in the state. There are several key factors that explain this, one of them being the increasing access to mobile sportsbooks and physical betting locations.

The same increase has also led operators to rally to offer attractive promotions and incentives to attract new users. Another essential factor for the major increase in Ohio’s betting handle in October is the overlap of the NFL, college football, MLB playoffs, and NBA seasons in this exact month.

Industry Projections and Future Growth

Some analysts predict that the total Ohio sports betting handle could very well exceed $10 billion by the end of 2024. Continued innovation, such as enhanced live betting features and partnerships with sports leagues, is expected to further boost engagement. Amid all of this, there’s something that stands out as a pillar for consistency and future success.

What’s that, you’re wondering – it’s responsible gambling. Being fair, transparent, and trustworthy is essential for the long-term success of every sports betting operator in the state. Player protection is among the main reasons why plans to legalize online casinos in Ohio have not been successful. This is why we always stress how important it is for you to play responsibly and within proper limits.

As the market matures, all signs point to continued growth, with Ohio poised to remain a significant contributor to the national sports betting landscape. The $901.4 million handle in October 2024 cements the state’s reputation as one of the nation’s leading sports betting markets. We’re yet to see how the industry will develop in the future.