Ohio Sets Another State Sports Betting Handle Record

The Buckeye State experienced a sports betting November to remember in 2025.

Key Takeaways

• Ohioans wagered over $1 billion for the fifth time since January 2023.

• Operators produced the second-largest monthly revenue haul ever.

• FanDuel experienced a monster month behind a huge 14% hold.

The Ohio Casino Control Commission recently reported a monthly record and the most revenue produced since January 2023.

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Ohioans wagered more than $1.15 billion, surpassing October’s all-time high of $1.13 billion. It’s just the fifth time that the handle reached $1 billion since wagering launched in 2023, and the third in 2025.

November typically produces high wagering amounts, with the NFL, NBA, NHL, college football, and college basketball leading to a high-volume month. Still, the latest reported Ohio sports betting handle was up 12.5% compared to November 2024 and over 33% higher than the same month in 2023.

Massive month

Online and retail sportsbooks combined to generate $133.6 million in taxable revenue, a 14% year-over-year increase and second all-time behind the $208.5 million produced in Ohio’s very first month of sports betting. The Buckeye State filled its coffers with $26.7 million from the 20% tax rate on operators.

The 11.6% hold in November ranks as the third-highest in 2025 and pushes the yearly average to double digits. The Buckeye State has yet to end a year of sports betting with a win rate below 10%.

Online wagering accounted for $131.2 million of November’s total revenue haul, the highest of 2025, in a month where promotional bets fell by more than $5 million to $33 million. Retail sports betting’s $1.8 million was its third-best profit of the year.    

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FanDuel goes off

FanDuel produced the second-most revenue ever recorded by an Ohio online sportsbook with November’s $55.3-million haul. Only the same operator’s $103 million from January 2023 is better.

FanDuel, which handed out over $15 million in promotional wagers, likely wasn’t bothered by a more than $10 million month-over-month decrease in handle because the sportsbook produced a massive 14.6% hold, leading to more than $20 million more in profits than October.

DraftKings wasn’t far behind FanDuel in handle, generating $377.1 million in wagers. A 10.3% hold wasn’t as high as its rival's, but DraftKings still produced $39.2 million, its best profit month of 2025. bet365 continued to see increases in action and won back $9.9 million from an impressive $90.8-million handle.

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BetMGM’s 11.2% win rate led to a solid $9 million in revenue, while Fanatics also posted a double-digit hold on a $66.2-million handle. In its final month as ESPN BET, the PENN Entertainment brand finished sixth in Ohio with a $38.9-million handle and won back over 10% before switching to theScore Bet.

Caesars and Hard Rock Bet both went over $30 million in wagers. Prime Sportsbook accepted over $18.7 million in bets during November but paid out more than $19.1 million.

This article originally appeared on Covers.com, read the full article here