While states are enjoying the benefits of having legal sports betting markets, Ohio is lagging behind. The latest effort to legalize an Ohio sports betting market is now back to nothing. This means that any plans on passing a sports betting bill in the state will have to wait for 2021. Instead of getting ready to open their market, they will be waiting. And, of course, most likely be missing out on key sports betting events. For instance, you can increase your bookie revenue by making sure you are ready for the Super Bowl in February. Alas, Ohio will be sitting this betting event out.
The bill proposes that the current casinos and racinos can offer both retail and online sports betting, and that the Ohio Casino Control Commission will be the state regulator for sports betting. The licenses will cost $200,000 every three years, and that there will be an 8% tax on gaming receipts.
Ohio Sports Betting
The latest sports betting bill (with an amendment) was recently approved by the Ohio Senate General Government Agency Review Committee. The approval is meant to allow the committee to discuss the bill. However, in its last meeting, it was not in the agenda, and was not discussed at all. Basically, the sports betting bill is dead for this legislative session.
Many bookie PPH are earning a lot from sports betting. Even while a global pandemic is ongoing. In fact, some US states are legalizing sports betting through fiscal and economic development bills to help generate revenue for the states. Many in Ohio are hopeful that this would mean that next year, Ohio legislators will be have more motivation to discuss and pass a sports betting bill. But for those who want to go ahead and operate their very own sportsbook, here are very insightful pay per head reviews you can go through.