Ohio Sports Betting Breaking Down Possible License Holders and Where the State Stands – The Action Network

Ohio lawmakers have not taken any formal votes yet on an updated online and retail sports betting bill that could bring legal wagering to one of the nations largest markets. Elected officials on the states Select Committee on Gaming have targeted legislative approval for sports betting by the end of the month, but took no further action at a Wednesday meeting, the committees 13th of the calendar year.

The current bill allows 20 online licenses and 20 retail licenses, as well as $20 betting pools run by the Ohio Lottery. Which entities will earn these licenses or even be eligible to do so remain unknown.

Lawmakers have opened up sportsbook licensing eligibility to virtually any business in Ohio. Officials said during an earlier gaming committee hearing even the Ford Motor Company could be eligible.

Ohios casinos will realistically have access to at least one online skin apiece in any incarnation of the sports betting bill. Ohio embraced casino gambling later than some of its Midwestern neighbors, but within the last decade it has grown into one of the nations more robust gaming marketplaces.

An amended version of the bill, approved earlier this year, also clarified the casinos could apply for retail licenses at their brick-and-mortar facilities as well.

The state now has 11 casinos or hybrid racetrack racinos. There are gaming facilities near all of Ohios three largest metro areas (Columbus, Cleveland and Cincinnati) as well as Dayton, Toledo and Youngstown.

Several Ohio casinos have direct ties with major sportsbook operators or their partner companies and will almost assuredly enter the market. That includes BetMGM, Barstool Sportsbook, Caesars and TwinSpires.

Ohios professional sports organizations have also lobbied heavily for market access. Though the current bill would allow pro organizations to apply, multiple team representatives have asked lawmakers to set aside certain licenses exclusively for the teams.

Its too early to tell if or how many professional sports leagues or teams sportsbook partners will enter Ohio, but there are already existing league partnerships with multiple major operators. If individual teams are licensed, they likely wouldnt necessarily have to affiliate with their respective leagues partners, but it could hint at likely market entrants:

The non-exhaustive existing league partnership lists include the following (Ohio pro sports teams are in parentheses);

Thats on top of other leagues and organizations. Dan Marks of Esports Entertainment Group, a Cleveland Cavaliers NBA 2K competition affiliate, testified Wednesday to permit licenses specifically for online eSports organizations and brick-and-mortar gaming venues. Officials from the WTA, which will host a tournament in Cleveland later this summer, have also testified before the committee.

Other gaming entities including lottery organizations, iGaming platforms and their affiliate tech providers have also asked to be included in sports betting legislation. Additionally, representatives from multiple restaurants, bar and other hospitality interests have also testified during several gaming committee hearings over the past few months.

Wednesdays gaming committee hearing leaves less time for action on the bill ahead of lawmakers self-imposed Jun. 30 deadline. Ohio is among a handful of states with legislatures that meet year-round, but without quick action, sportsbooks may miss most or all of the upcoming football season, perennially operators most lucrative time of the year.

With Republican Gov. Mike DeWine and leaders of the GOP-controlled legislature largely supportive of the concept of legal sports betting, some of the biggest questions for policymakers remain over taxes and regulation. Months of would-be stakeholder testimony show license allocation (and eligibility) are also major issues.

Some states that have passed 2021 sports betting bills such as Maryland (60 online licenses) and Louisiana (40) have responded by drastically expanding licensing eligibility. This would appease many of the disparate, competing applicants, but could alienate the established gaming industry, which has pushed lawmakers to limit non-gaming market entrants.

With Ohios sports bettings fate uncertain, market access remains a clear issue. It remains to be seen which operators (or types of operators) can enter the state, but lawmakers clearly have tough decisions ahead of them and are unlikely to appease all the myriad interests pursuing Ohio sports betting.

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Ohio Sports Betting Breaking Down Possible License Holders and Where the State Stands - The Action Network