Ohio’s sports betting market shattered records in November, posting its second-highest revenue total ever. Operators generated $133 million in revenue, a massive 35.5% increase from October.
The surge was fueled by a record-breaking betting handle of $1.15 billion, an 18.5% jump year-over-year, driven by peak NFL and NBA calendars and $33 million in promotional spending.
Mobile vs. Retail Divide
The data reveals a stark and widening divide in the market. Online sports betting operators in Ohio are the undisputed kings, accounting for 98% of all wagers ($1.003 billion) and generating $131.2 million in revenue. In contrast, the state’s 16 brick-and-mortar retail sportsbooks combined for just $1.8 million in revenue and $20.8 million in handle.
Several retail locations, including those partnered with BetMGM and Hollywood Casino, have struggled to remain consistently profitable, posting losses in multiple months throughout 2025.
The “Big Two” Dominate
Consolidation at the top continues, with FanDuel extending its lead. The operator generated $55.4 million in online revenue with an impressive 14.6% hold rate. DraftKings followed with $39.3 million, solidifying a duopoly where these two giants control over 70% of the market year-to-date. Smaller operators are finding it increasingly difficult to compete for market share.
Political Headwinds
Despite the financial success, the industry is facing political pressure. Governor Mike DeWinerecently stated he “absolutely regrets” signing the sports betting law, citing concerns over the volume of advertising and potential integrity issues. Additionally, state regulators have moved to block prediction-market style bets, warning operators that such products fall outside the authorized legal framework and could jeopardize licensure.
