States like Ohio are taking more time than usual to passing a law that allows sports betting to be legal. Since the PASPA repeal over 3 years ago, a lot of US betting markets have grown into billion-dollar markets. When will we be seeing sports betting in Ohio?
When learning how to become a bookie, capturing a betting market is crucial in the long-term stability of your sportsbook operation. The earlier you are able to start your own sportsbook, the better the chances of getting and keeping players loyal to your sportsbook. In Ohio’s case, residents have to travel out of state to even be able to go to a sportsbook. If you look at the numbers, the state is losing millions in tax revenue each year from delaying sports betting.
Sports Betting in Ohio
Many bookie pay per head analysts believe in the potential of Ohio as a profitable sports betting market. However, the latest effort to legalize sports betting in the state is still in the Senate. SB 176 just got out of the Ohio Senate Select Committee on Gaming after a series of hearings. It now moves forward to the Senate Rules and Reference Committee. The committee’s timeline suggests a launch by mid-2022.
The goal of the senate is top pass the bill by June 30, which will take effect around October this year. From there, rules will be established, and applications will be approved. Application for licenses may start by January 2020, and awarding will be by April 2022. If this timetable seems a bit too far off for you, you can always consider to start your own sports betting business. Since you can easily lower sportsbook expenses with a pay per head service, you can set up your sportsbook website in less than a day.