Ohio Legalizes Sports Betting – Launch on January 1, 2023

Ohio Legalizes Sports Betting - Launch on January 1, 2023

Legalized sports betting in Ohio is about to become a reality. One minute after the stroke of midnight on New Year’s Eve as 2022 turns into 2023, residents of the Buckeye state can start wagering on sports.

Anyone over the age of 21 in Ohio can sign up now and get ready to take advantage of the many Ohio sports betting promos available now.

While the launch seemed quick at the end, it took a while for Ohio to get to this point. States have had the ability to legalize sports betting since 2018 when the US Supreme Court overturned a law that had restricted it to just Nevada.

Some states like New Jersey and Delaware approved it very quickly but many others took their sweet time hashing out exactly how to proceed. Ohio joined that latter group as time and again a bill would rise up in one body of the legislature and then crumble before it would get approval.

Then all of a sudden that all changed out of nowhere. On December 8th, 2021, H.B. 29 passed through the Ohio senate on a 31-1 vote. The Ohio House then approved it by a 72-12 margin. Governor Mike DeWine promptly signed, officially paving the way for sports betting legalization.

Unbeknownst at the time, the bill was a result of months of behind the scenes negotiations. It set forth a timeline that seemed long at the time.

Many states opt to launch quicker but gradually. That is to say just a few online sportsbooks get in to start or perhaps just physical sportsbooks at first. news on the other hand is going full bore right out of the gate.

The Ohio Casino Control Commision would be the governing body, the target startup date was set for January 1st, 2023, and the law would enact the following.

Licenses

Ohio has three types of sports betting licenses. Type A licenses are allotted to sports betting operations inside the state of Ohio. They are casinos and sports teams and venues. Those licensees can then affiliate with online sports books. This is the legal path online sports books take to enter into Ohio and the state law allows for up to 25 Type-A licenses.

Type B licenses are for physical sportsbooks inside the state. Ohio will allow up to 40. No county in Ohio can house more than five physical sportsbooks. No county with under 50,000 in population can have a sportsbook.

Finally, Type C licenses are reserved for kiosks in the state. Bars, restaurants and venues with Class D liquor licenses can open betting kiosks on site. Kroger Supermarkets and other venues selling Ohio Lottery tickets can also apply

Taxes

Sportsbooks and other licensed venues are taxed 10% on sports betting revenue. That is a very low number. New Jersey is considered a very friendly state to sportsbooks and the rate there is 13%. Some states go up to 51%. As for bettors themselves, gambling winnings are taxed as “other income” which is the same rate as regular income.

Timeline to Launch

 The OCCC had a busy year getting to this point

  • May 2022: A window is set to accept license applications in June 2022 up to  July 15th, 2022
  • June 2022: Governor DeWine confirms the January 1st, 2023 start date. BetMGM and PointsBet become the first books to apply for licenses. Others follow soon after
  • July 2022: The Cincinnati Bengals announce a partnership with Betfred, the first such affiliation arrangement.
  • September 2022: It is announced all prospective licensees need to file paperwork by October 5th in order to gain approval by the January 1st launch. The OCCC approves the Cleveland Browns, Cincinnati Reds, Hollywood Casino Toledo, Hollywood Gaming at Mahoning Valley, JACK Thistledown Racino, JACK Cleveland Casino, Muirfield Village Golf Club, and the Columbus Crew for licensing. In addition 311 kiosks get Type C approvals.
  • October 2022: Bet365, Betfred, Caesars, PointsBet and SuperBook all get Type A approvals. The Cleveland Cavaliers approval is delayed as their prospective online partner, FuboTV’s sportsbook, leaves the business. Caesars Sportsbook Ohio launches and residents can download and sign up ahead of New Years.
  • November 2022: Fanatics, Betr, BetParx, Gamewise, BetMGM, DraftKings, Hard Rock, Tipico and BetRivers all get approved for mobile licenses. Nationwide Arena in Columbus and Progressive Field in Cleveland get retail licenses.
  • December 2022: All systems go with a total of 16 online sportsbooks and 12 retail sportsbooks set to open their windows at 12:01 AM on January 1st in addition to all the kiosks.

When the windows open on January 1st, the following affiliates will be up and running and ready to take bets.

  • Barstool: Hollywood Casino Columbus
  • Bet365: Cleveland Guardians
  • Betfred: Cincinnati Bengals
  • Bet MGM: MGM Northfield Park
  • BatParx: Muirfield Village Golf Course
  • BetRivers: Hollywood Casino Columbus
  • Caesars: Scioto Downs
  • DraftKings: Hollywood Casino Toledo
  • Fanatics: Columbus Blue Jackets
  • FanDuel: Belterra Park
  • Hard Rock: Hard Rock Casino Cincinnati
  • Instabet/Betr: Pro Football Hall of Fame Village
  • PointsBet: Hollywood Gaming at Mahoning Valley
  • SuperBook: FC Cincinnati
  • Tipico: Columbus Crew

Several more applications are submitted so Ohio residents will have even more sportsbook choices in the near future. That does not even include the kiosks that will open all over the state.

It was a long road for Ohio to get this to this point, but Ohio is poised to vault immediately into the top tier of betting states right off the bat.

There are no restrictions on listing spreads on college sports, so Ohio State fans can wager on Buckeye games if they so choose. That perhaps can even start at midnight if the Peach Bowl is still going on.

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