Ohio Lawmakers Approve Sports Betting

Ohio Lawmakers Approve Sports Betting post thumbnail image

Ohio sports betting took a huge stage ahead toward legalization with the two chambers overwhelmingly approving extensive-stalled and sought-immediately after legislation. 

The amended version of Home Invoice 29 was 1st handed by the Senate 31-1, and later by the Property, 72-12.  

Governor Mike DeWine claimed earlier this yr he hoped to indicator a invoice legalizing sports betting, in element because it is now going on. 

Vital Details In Ohio Athletics Betting Agreement

Athletics bets on collegiate and expert game titles, as well as Olympic, horse racing, and race auto functions, as well as esports will be lawful less than the phrases of the legislation. The legal age to bet is set at 21.  

The deadline for the kickoff of sports activities betting in the condition is Jan. 1, 2023. It is feasible sports activities betting could be operational in advance of 2023, but below Ohio law regulatory requirements will dictate the tempo at which betting begins. Even if DeWine signs the monthly bill tomorrow, a overview interval will kick in, delaying implementation right up until mid-2022 at the earliest.

The Ohio Casino Control Commission will regulate athletics betting.

The legislation says there will be a optimum of 25 licenses for large shops – existing casinos and racinos – who can assistance their bets, these as present casinos who could be part of forces with cellular apps this sort of as FanDuel or DraftKings. More licenses could be manufactured accessible, but the applicants would have to exhibit “the sports activities gaming market [in Ohio] requires more …gaming proprietors.”

License candidates would be permitted to staff up with at most two “skins,” with a distinct price tag for every single, in accordance to The Columbus Dispatch. The 1st would value $3 million, the 2nd would price $10 million. 

A bone of rivalry in acquiring the invoice about the finish line was making it possible for specified amusement amenities to host sports activities betting kiosks for more than/less than bets. Wednesday’s legislation permits bars and restaurants with a unique license to host the kiosks.  

 

Related Post