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SportsTranscript
00:00Ohio. News in Ohio on the gambling front. What's going on with Ohio? Positive news, I presume.
00:10Yeah, a couple of interesting notes coming out of Ohio from July. Handle was up 43% this year compared to July of 2023, which is a positive.
00:22It's a trend that we've seen across the country. Most markets, especially the larger ones, which I would I would lump Ohio in with those larger sports betting markets that we see around the U. S.
00:33Just continuing to grow year over year, which is a positive draft. Kings had the most handle in the market for three straight months.
00:42What was interesting to me about that was that they've been giving away fewer promotional dollars, so fewer free bets, fewer bet credits, odds, booze, bonus bets, whatever you want to call it these days.
00:56They were giving away fewer of those than Fandul and still were able to produce more volume.
01:02Where am I here? Fifteen point million dollars for DraftKings in terms of promotional spending compared to 19.6 for Fandul.
01:18Though, while DraftKings does have that volume edge over the last couple of months since May, Fandul has definitely outpaced them in terms of overall revenue.
01:27Seventy four million dollars in winnings for Fandul compared to 53.3 million for DraftKings in Ohio for July.