UPDATE: Ohio’s sports betting market has reached a stunning new high, with November 2025 reporting a record $133 million in revenue. This surge is driven primarily by online wagering, as bettors placed an astonishing $1.15 billion in bets, surpassing the previous record of $1.13 billion set just last month.
The Buckeye State’s sports betting activity has exploded with an impressive 35.5% increase in revenue compared to October. Official data reveals that online platforms generated $131.2 million, while traditional retail sportsbooks struggled to attract attention, bringing in a mere $1.8 million. This stark contrast highlights the dominance of online betting, with major players like FanDuel and DraftKings leading the charge.
FanDuel maintained its top position, securing $55.4 million in online revenue, followed closely by DraftKings at $39.3 million. BetMGM lagged significantly with $9 million. Over the year, FanDuel has captured 43.4% of the state’s online revenue, while DraftKings holds 28.4%, leaving smaller operators struggling to remain competitive.
The dramatic rise in betting activity coincided with peak NFL and NBA seasons as well as $33 million in promotional spending. However, this rapid growth has not gone unnoticed. Governor Mike DeWine has expressed concerns regarding the implications of legalized sports betting, highlighting aggressive marketing tactics and integrity issues following investigations into suspicious betting activities involving Cleveland Guardians pitchers.
In response, state regulators are tightening restrictions on certain player prop bets and cautioning operators against offering prediction-market style contracts. As the industry evolves, operators are preparing for significant changes to tax rules regarding promotional credits, which will begin to be partially deductible in 2027, increasing to 20% by 2032. This adjustment is expected to favor well-capitalized operators, further solidifying the position of top online platforms.
Looking ahead, the upcoming NFL playoffs and college football bowl games are anticipated to sustain the heightened activity levels, reinforcing Ohio’s status as one of the fastest-growing betting markets in the United States. As developments unfold, industry stakeholders will be closely monitoring regulatory changes and market dynamics that will shape the future of sports betting in Ohio.
Stay tuned for further updates on this rapidly evolving story!