On Dec. 22, 2021, Ohio Gov. Mike DeWine signed into law House Bill 29 legalizing sports betting in the state of Ohio. The new law legalizes and controls sports betting in Ohio through licensed gaming owners. The law also tasks the Ohio Casino Control Commission with regulating sports gaming online, at sports gaming facilities and at bars and restaurants.
However, the recent passage of the House Bill 29 doesnt mean Ohioans can immediately start placing sports bets at their local casinos or bars. Before sports betting can occur in Ohio, several more government measures must be implemented.
As previously stated, the Ohio Casino Control Commission is in charge of regulating sports betting. Regulating, however, also means creating the sport gambling rules and systems to effectuate the law. The Ohio Casino Control Commission is in the process of creating the rules, applications, forms, systems and other items necessary to implement the bills provisions.
Heres what we know so far based on the language of House Bill 29:
Type A: This category applies to online sports gaming including mobile apps. There will not be more than 25 at a time and each will be given a five-year term.
Type B: This category applies to proprietors of sports gaming facilities a designated area of a building or structure in which patrons may place wagers on sporting events with a type B sports license either in person or using self-service sports gaming terminals. There will not be more than 40 licenses given at any one time with a maximum number of sports gaming facilities that may be located in a county based on 2010 census. These will also be given a five-year term.
Type C: This category applies to proprietors who offer sports gaming through self-service terminals located at one or more Type C sports gaming hosts facilities. The casino commission must license at least two and not more than 20 at any one time, with a five-year term.
Applicants looking for licenses will be evaluated by a number of factors, including the length of time the applicant has been doing business, and the applicants current or intended contributions including tourism. Applicants will also be evaluated based on criminal history, tax compliance, reputation, bankruptcy history, public confidence, litigation history and prior compliance with gaming related laws.
The Ohio Casino Control Commission has yet to publish the actual application forms, therefore, it is anticipated that the Commission will not be accepting licensure applications until July or August of this year.
However, once sport betting goes live in Ohio, it is anticipated that the tax revenue will be significant. PlayOhio reports that by the end of 2025, Ohio online and retail operators could generate between $9 billion and $12 billion in bets annually. This translates to between $700 million and $900 million in annual gross revenue. With Ohios tax structure, which is 10% of an operators taxable revenue, that could mean as much as $90 million in annual taxes. At present, the bulk of taxes generated from sports betting will go to Ohio schools while a small percentage will go to support gambling addiction services.
To obtain the latest information on sports betting, visit the Ohio Casino Control Commission website at casinocontrol.ohio.gov.
Andrew Zashin writes about law for the Cleveland Jewish News. He is aco-managing partner with Zashin & Rich, with offices in Cleveland and Columbus.
See more here:
Sports betting to arrive in Ohio - Cleveland Jewish News
- Iowa-based athletes in betting inquiry sue, say rights violated - ESPN - April 29th, 2024 [April 29th, 2024]
- Roger Goodell tries to reconcile the NFL's embrace of sports betting - NBC Sports - April 29th, 2024 [April 29th, 2024]
- Shedeur Sanders is the betting favorite to go first overall in the 2024 NFL draft - Yahoo Sports - April 29th, 2024 [April 29th, 2024]
- In its second full year, mobile sports betting in Arkansas is set to make over $500 million dollars | Arkansas Democrat ... - Arkansas Online - April 29th, 2024 [April 29th, 2024]
- Rhode Island sports betting revenue dips in March despite handle increase - iGaming Business - April 29th, 2024 [April 29th, 2024]
- Nevada Sports Betting Handle Fails To Hit $800 Million For March - Sports Handle - April 29th, 2024 [April 29th, 2024]
- ESPN BET Vermont Promo Code For April 29th, 2024: Everything You Need to Know - Bookies.com - April 29th, 2024 [April 29th, 2024]
- Minnesota senator's arrest could upend sports betting, other bills - iGaming Business - April 29th, 2024 [April 29th, 2024]
- An Under In A Braves Game? It Could Happen Tonight - Outkick - April 29th, 2024 [April 29th, 2024]
- BetMGM Bonus Code BOOKIES: Get Up To $1,500 In Bonuses On April 28th, 2024 - Bookies.com - April 29th, 2024 [April 29th, 2024]
- Boston Celtics vs Miami Heat Odds, Picks, Props & Injury Reports for Game 4 - Sports Betting Dime - April 29th, 2024 [April 29th, 2024]
- Thanks to NCAA Tournament, Delaware sees uptick in sports betting numbers in March - Delaware First Media - April 29th, 2024 [April 29th, 2024]
- The impacts of banning bonuses on the sports betting and online gaming market in Brazil - Games Magazine Brasil - GAMES MAGAZINE BRASIL - April 29th, 2024 [April 29th, 2024]
- Elon faculty featured in FOX8 report on legalized sports betting in N.C. - Today at Elon - April 29th, 2024 [April 29th, 2024]
- NASCAR Dover 2024 Weekend Betting Recap I NASCAR Gambling Podcast (Ep. 401) - SGPN - April 29th, 2024 [April 29th, 2024]
- MLB Betting and DFS Podcast: The Solo Shot, Monday 4/29/24 - FanDuel Research - April 29th, 2024 [April 29th, 2024]
- Iowa athletes file federal lawsuit against DCI over sports betting probe - The Gazette - April 29th, 2024 [April 29th, 2024]
- Fanatics Sportsbook North Carolina Promo: Bet And Get $1K In Bonuses For April 29th, 2024 - Bookies.com - April 29th, 2024 [April 29th, 2024]
- The Coyotes Are Now Inactive. Their Sports Betting License Is Not - Sportico - April 29th, 2024 [April 29th, 2024]
- DraftKings $200 Promo Code: Bet $5, Get $200 In Bonuses On April 29th, 2024 - Bookies.com - April 29th, 2024 [April 29th, 2024]
- SeguroBet sees sports betting and iGaming strengthened after participation in BiS SiGMA Americas - Games Magazine ... - GAMES MAGAZINE BRASIL - April 29th, 2024 [April 29th, 2024]
- Iowa College Athletes Going to Federal Courts Over Sports Betting Violations - OddsShopper.com - April 29th, 2024 [April 29th, 2024]
- What are the Main Differences Between Esports and Traditional Sports Betting? - Esports News UK - April 29th, 2024 [April 29th, 2024]
- Iowa athletes file federal lawsuit against DCI after sports betting investigation - UI The Daily Iowan - April 29th, 2024 [April 29th, 2024]
- Minnesota Timberwolves vs Phoenix Suns Game 4 Predictions, Player Props & Odds (April 28) - Sports Betting Dime - April 29th, 2024 [April 29th, 2024]
- Sports betting CPI hears from Brazilian Footbal Confederation representatives this Monday - Games Magazine Brasil - GAMES MAGAZINE BRASIL - April 29th, 2024 [April 29th, 2024]
- NBA Betting Promos For Heat vs. Celtics, Game 4 - Winners and Whiners - April 29th, 2024 [April 29th, 2024]
- Betway Sportsbook Promo Code: Grab A First Bet Reset Of Up To $250 For NBA On April 29th 2024 - Bookies.com - April 29th, 2024 [April 29th, 2024]
- Kentucky Derby Projected to Receive More Attention in 2024 - Covers - April 29th, 2024 [April 29th, 2024]
- 38 states rake in millions in sports betting while Oklahoma still waits for legalization - KOKI FOX 23 TULSA - March 29th, 2024 [March 29th, 2024]
- Sports Betting Scandals Are Piling Up. What It Means for Gambling Stocks. - Barron's - March 29th, 2024 [March 29th, 2024]
- Sports betting: How gambling can impact the integrity of the game - WRAL News - March 29th, 2024 [March 29th, 2024]
- A new coalition wants to address the risks of youth sports betting in Massachusetts - Boston Herald - March 29th, 2024 [March 29th, 2024]
- A Better East Texas: Professional sports betting scandals - KLTV - March 29th, 2024 [March 29th, 2024]
- Sports betting won't be legal in Georgia after lawmakers couldn't agree on how to spend taxes - goskagit.com - March 29th, 2024 [March 29th, 2024]
- Sports betting bill will help MN veterans, charities - ECM Publishers - March 29th, 2024 [March 29th, 2024]
- Sports betting won't be legal in Georgia after lawmakers couldn't agree on how to spend taxes - Bowling Green Daily News - March 29th, 2024 [March 29th, 2024]
- NCAA set to push states with legalized sports betting to ban prop bets for all college sporting events - Yahoo Sports - March 29th, 2024 [March 29th, 2024]
- Sports betting addiction on the rise - Toledo - WTVG - March 29th, 2024 [March 29th, 2024]
- Pritzker eyes bigger piece of Illinois sports betting action after 4 booming years - WVIK - March 29th, 2024 [March 29th, 2024]
- All Eyes on Georgia Sports Betting During Final Legislative Day - Sports Betting Dime - March 29th, 2024 [March 29th, 2024]
- Best North Carolina sports betting promos for UNC vs. Alabama in Sweet 16: Claim thousands in NC sportsbook ... - Sporting News - March 29th, 2024 [March 29th, 2024]
- South Carolina Sports Betting 2024: Best SC Sportsbooks - The Hudson Reporter - March 29th, 2024 [March 29th, 2024]
- A Better East Texas: Professional sports betting scandals - KTRE - March 29th, 2024 [March 29th, 2024]
- Sports betting hits ground running | wltx.com - WLTX.com - March 29th, 2024 [March 29th, 2024]
- North Carolina reports nearly $200m in handle in first week of legalized sports gambling - EGR Global - March 29th, 2024 [March 29th, 2024]
- I got over 100 messages telling me I suck: UNC basketball star concerned with hate messages after sports betting takes off - WGHP FOX8 Greensboro - March 29th, 2024 [March 29th, 2024]
- Fanatics replaces PointsBet in Kansas - Sports betting - iGB - iGaming Business - March 29th, 2024 [March 29th, 2024]
- Sports betting addiction on the rise - Wichita - KWCH - March 29th, 2024 [March 29th, 2024]
- 'March Madness' Sports Betting Is Big Business - Investopedia - March 29th, 2024 [March 29th, 2024]
- Get $250 in bonus bets for UNC vs. Alabama with this NC sports betting bonus before tonight's 9:39 p.m. ET tip-off - syracuse.com - March 29th, 2024 [March 29th, 2024]
- IGA executive director confident of California sports betting with tribal help - iGaming Business - March 29th, 2024 [March 29th, 2024]
- Georgia Sports Betting Legislation Fails Once Again - Winners and Whiners - March 29th, 2024 [March 29th, 2024]
- Sports betting won't be legal in Georgia after lawmakers couldn't agree on how to spend taxes - The Caledonian-Record - March 29th, 2024 [March 29th, 2024]
- Sports Betting Scandals: Ohtani Fallout and NCAA Prop Betting Ban - SportsGrid - March 29th, 2024 [March 29th, 2024]
- Sports gambling has gotten out of control - The Philadelphia Inquirer - March 29th, 2024 [March 29th, 2024]
- Best Sports Betting Apps in the US in March 2024 - Gaming Today - March 29th, 2024 [March 29th, 2024]
- Survey finds majority of Canadians want immediate nationwide sports betting ad ban - EGR Global - March 29th, 2024 [March 29th, 2024]
- Authorizing sports betting in Georgia may lack needed votes from lawmakers - goskagit.com - March 29th, 2024 [March 29th, 2024]
- Sports Betting is coming to NC in one month - WWAY NewsChannel 3 - February 13th, 2024 [February 13th, 2024]
- $3.5 million wagered across Maine in first Super Bowl since launch of online sports betting - Maine Public - February 13th, 2024 [February 13th, 2024]
- Sports Betting Bill Clears Another Missouri House Committee - Covers - February 13th, 2024 [February 13th, 2024]
- I-TEAM: Sports Betting/Online Gambling Addictions growing on CT college campuses - Eyewitness News 3 - February 13th, 2024 [February 13th, 2024]
- Ohio gamblers place more than $7.6B in bets in first year - Dayton Daily News - February 13th, 2024 [February 13th, 2024]
- Sports betting in Minnesota: What are the odds it becomes legal? - KARE11.com - February 13th, 2024 [February 13th, 2024]
- North Carolina Issues First Batch of Sports Betting Licenses to Suppliers - Covers - February 13th, 2024 [February 13th, 2024]
- Will Kentucky cover the spread vs. Ole Miss? Betting Trends, Record ATS - WYMT - February 13th, 2024 [February 13th, 2024]
- NFL Playoffs Fuel Record-Breaking Contributions From Maryland's Sports Betting - Bay Net - February 13th, 2024 [February 13th, 2024]
- Will Louisville cover the spread vs. Boston College? Betting Trends, Record ATS - WYMT - February 13th, 2024 [February 13th, 2024]
- BetMGM and X Sign Exclusive Sports Betting Partnership - PR Newswire - February 13th, 2024 [February 13th, 2024]
- Gambling disorders on the rise nationwide after legalization of sports betting - Q2 News - February 13th, 2024 [February 13th, 2024]
- Why US sports betting could become a $45 billion business - Goldman Sachs - February 13th, 2024 [February 13th, 2024]
- Will Colorado State cover the spread vs. San Diego State? Betting Trends, Record ATS - Wyoming News Now - February 13th, 2024 [February 13th, 2024]
- Will Michigan cover the spread vs. Illinois? Betting Trends, Record ATS - WLUC - February 13th, 2024 [February 13th, 2024]
- Are the Suns favored vs. the Kings on February 13? Game odds, spread, over/under - WYMT - February 13th, 2024 [February 13th, 2024]
- With three months in the books, Maine sports betting readies for Super Bowl - Press Herald - February 13th, 2024 [February 13th, 2024]
- Sports betting is coming to X as Musk's site partners with BetMGM - Washington Times - February 13th, 2024 [February 13th, 2024]
- Hard Rock Bet Promo Code: Sign Up And Claim $100 In Bonuses - RotoWire - February 13th, 2024 [February 13th, 2024]
- Will North Carolina cover the spread vs. Syracuse? Betting Trends, Record ATS - KNOP - February 13th, 2024 [February 13th, 2024]
- State Rep. Blackshear: 'Nave' to think sports betting isn't already taking place in Alabama - Yellowhammer News - February 13th, 2024 [February 13th, 2024]