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Sports Betting Ohio Bill
Sports Betting Ohio Bill. On december 22, 2021, ohio’s governor mike dewine signed house bill 29 into law which legalizes sports betting in ohio. Regulation of sports betting falls on the ohio casino control commission (cac).
On wednesday, the ohio house and senate voted in favor of a bill, hb29, that would allow betting on college and professional sports as well as esports events. The law calls for sportsbooks to launch on or before jan. State lawmakers approved a bill wednesday to allow sports betting online and in various locations across ohio as early as next year.stay on top of the latest market trends and economic insights with axios markets.
On december 22nd, ohio governor mike dewine signed the state’s sports betting bill to put in motion the preparatory process for a 2022 launch.
And while the bill requires that digital platforms be tethered to existing businesses in ohio, there appear to be a total of 21 existing casinos and pro sports franchises or venues. It is awaiting the governor’s signature. The bill includes provisions for betting on professional, college, and esports and for creating the relevant infrastructure to license and regulate the companies that take.
Bettors must be 21 years of age and located in ohio.
It allows bettors across the state to place wagers on mobile devices at gaming facilities that have skins, bars, and restaurants. Matt dolan abstained from voting due to his family ownership of the cleveland indians. The law calls for sportsbooks to launch on or before jan.
Ohio lawmakers followed a growing trend of allowing for professional sports teams or venues to be licensed to offer sports betting.
He expects a vote by the end of october. State lawmakers approved a bill wednesday to allow sports betting online and in various locations across ohio as early as next year.stay on top of the latest market trends and economic insights with axios markets. The bill places a 10% tax on sports betting in ohio.
But hold your horses—you can’t actually place any.
House bill 29 ohio is one of the largest remaining sports markets to not have legal sports betting behind california and texas. Regulation of sports betting falls on the ohio casino control commission (cac). The bill calls for 20 mobile licenses and 20 standalone retail licenses.
Ohio sports betting faq is sports betting legal in ohio?
Is sports betting legal in ohio? Mike dewine signed ohio’s first sports betting bill on wednesday. The nuts and bolts of the legislation are:
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