Sports Betting to Start in Ohio in April 2022
Ohio has become the latest US state to legalize sports betting for those aged 21 and over. Lawmakers passed House Bill 29, and it is expected to be signed into law by Governor Mike DeWine in the near future. Once this has happened, licensed bookmakers will be able to accept bets from as early as 1 April 2022.
The industry will be regulated by the Ohio Casino Control Commission (OCCC), and it will be tasked with monitoring all sports gambling activity in the state. Once the bill has been signed into law, the OCCC will first have to create a licensing process as well as set up consumer protections, advertising guidelines, and financial protections for licensees.
It is set to start accepting license applications from the beginning of next year and will be issuing a limited number of licenses from 1 April 2022.
There will be three types of licenses available. Type A licenses for casinos, racinos, and sportsbooks operating online and via mobile apps, Type B licenses for land-based sportsbooks, which are set to be distributed throughout the state, and Type C licenses for betting terminals that can be placed in restaurants, bars, and other locations with liquor permits.
Revenues from sports betting will be taxed at 10%. Together with fees and any fines collected by the OCCC, the money will then be distributed by the Ohio General Assembly to public and nonpublic education programs and a state-sponsored fund for problem sports gambling and addiction.
Talking about the development, Adam Clay Miller, Member of the Ohio House of Representatives, said, “We had to pass this legislation to keep up with other states and to ensure Ohio wasn’t left behind; and to ensure sports betting is open, regulated and fair.”
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