Ohio sports betting Fans eagerly await the start of the state. With just over four months until legal bets can be placed, regulators are scrambling to straighten things out. Fortunately, things seem to be moving quickly and diligently.
Sports competitors roll in
The Ohio Casino Control Commission now allows prospective sportsbooks to submit applications in three different windows. The first started in mid-June and aroused the interest of over 50 applicants.
As of the July 15 deadline, gaming officials had received 22 Type A (online) license applications and 24 Type B (retail) license applications. Among those nominees were some of the state’s most popular professional sports teams.
The following track and field organizations are eligible:
- Cleveland Browns (NFL)
- Cleveland Cavaliers (NBA)
- Cleveland Guardians (MLB)
- Cincinnati Bengals (NFL)
- Cincinnati Reds (MLB)
- Columbus Blue Jackets (NHL)
- Columbus Crew (MLS)
- FC Cincinnati (USL)
Mobile betting craze in the Midwest
Any of the above teams that manage to obtain a Type A license will be given the opportunity to work with up to two legal mobile sports betting Offerer. Several of these teams have already announced partnerships with at least one national gaming brand.
In addition to the online sportsbook associated with the team, Ohio’s gaming executives received mobile bet requests from 20 potential operators.
The Casino Control Commission is also accepting applications for a Type-C certification that allows betting in bars and restaurants. With only 5 applications received so far, there appears to have been little interest in this limited class of licensing.
Even so, we expect submissions from more candidates as we head into the fall.
History of online sports betting in Ohio
Ohio is expected to have one of the largest sports betting industries upon its inception. Compared to most legal sports betting statesOhio bettors have access to twice as many providers.
With such a massive launch in store, Ohio’s Revenue from state sports betting intended to compete with New Jersey and Colorado. Industry analysts believe Buckeye State could generate more than $1.1 billion in returns in its first year.
Given the excitement of local players, the billion dollar mark is within Ohio’s reach. According to a recent survey conducted by PlayUSA, nearly 50% of current Ohio bettors say they plan to bet more than once a week when domestic betting becomes available.
January is not far away, but Ohio will miss out on some of the most lucrative sporting events of the year. There’s a lot of money on the table between the FIFA World Cup and MLB World Series.
However, that doesn’t mean bettors have to forego potential winnings. Ohio sports fans can now place safe, legal bets with offshore sportsbook brands.
You can find more information in our ribbon.
Source: The Center Square, Fox 8