The Ohio Legislature Has Approved Legislation to Legalize Sports Betting
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If the cost is reasonable, Victory Lanes bowling alley owner Zavakos would be “definitely interested” in having sports betting kiosks installed in his establishments.
The following online sportsbooks are expected to go live immediately before the start of the NFL season in 2022
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The Regulatory Process Structure
Under the terms of the bill, the Ohio Casino Control Commission will have authority over both retail and online sports betting (the Commission). The Commission will be able to issue up to 25 Type-A Sports Gaming Proprietor Licenses (Type A License), which will allow license holders to conduct online sports betting in the state.
The Commission will also have the authority to issue up to 40 Type B Gaming Proprietor Licenses (Type B License), which allow license holders to conduct physical sports betting. Both types of licenses allow licensees to conduct online sports betting in the state.
Even though there are no restrictions on eligibility for a Type A or Type B License, the bill requires the Commission to “give preference” to professional sports organizations, casino operators, and racino operators. However, there are no restrictions on who can obtain a Type C License. Some of the factors that may influence licensing decisions to include an applicant’s “reputation, experience, and financial integrity,” as well as the “nature of the applicant’s current or intended physical presence” in Ohio, as well as any planned “expenditures for physical infrastructure.”
Type A license holders will be able to form partnerships with operators of online betting platforms. These partners, referred to in the bill as “mobile management service providers,” will be able to conduct and manage online betting operations on behalf of the licensee.
The bill allows each Type A Licensee to only work with one online betting platform. Type A Licensees who are professional sports organizations, casino operators, or racino operators, on the other hand, will be allowed to partner with a second online betting platform if they can show that the second platform would “generate an incremental benefit to the state beyond the economic benefits generated” by the first platform; and (ii) the licensee’s agreement with the second platform.
Each Type A License is permitted under the bill. Before entering into a contract with a Type A licensee, an online betting platform must obtain a mobile management service provider license from the Commission.
Furthermore, the bill requires Type A Licensees to maintain a physical presence in the state by either operating brick-and-mortar sports betting operations by a Type B License; or (ii) maintaining at least one professional place of business in Ohio that employs multiple people regularly. This provision is only applicable to Type A licensees. Another provision of the bill requires that the servers responsible for accepting wagers placed through online sports betting be located in a secure facility in Ohio.
Taking part in state lotteries
Notably, the bill allows the Ohio State Lottery to include sports wagering as a component of the statewide lottery program while still retaining the Commission’s oversight of the lottery’s operation. Under the proposed legislation, the Lottery would be required to offer betting on sporting events through a self-service or clerk-operated kiosk at a bar or restaurant that has obtained a Type C Sports Gaming Proprietor License from the Commission.
Timetable for the Start of Off- and On-Site Sports Betting Operations
It is still too early to make an accurate prediction about when sports betting will “launch” in Ohio. This date will be determined by how long it takes the Commission to issue sports betting rules and regulations and start the licensing process. However, the bill requires the Commission’s Executive Director to set a universal “launch” date before January 1, 2023. This date must be selected before that date. As a result, we anticipate that the official launch will occur this year.
Sportsbetting Ag Sportsbook Evaluation
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Cranley was also concerned about this issue, stating that gambling profits should go to the public education system unless they are intended for the four casinos. Sportsbooks would not be required to use the information provided by sports leagues under the new measure, but the casino commission could develop standards if it so desired. However, Representative Adam Miller, a Democrat from Columbus, believes that given “the interest in Ohio and our teams,” the amount of money brought in maybe even higher.
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