What is the Status of Sports Betting in Ohio in 2022?
If you’ve been following the news about the status of sports betting in Ohio, you know that the bill HB29 was signed into law on December 22nd, 2021. At a recent meeting, the Ohio Casino Control Commission confirmed that Ohio sports betting will launch by January 1st, 2023, and license application submission will begin in the summer or fall of 2021.
Ohio has officially become the 33rd state to legalize gambling, including Michigan, Pennsylvania, and Indiana, also allowing it locally. The Ohio Legislative Service Commission estimates that sports gambling will produce more than $3 billion in revenue every year by the end of the decade.
If you wish to be in pace with all the newest information about Ohio sports betting, make sure to check Betting.us experts. There is a lot of reasons why legalizing sports betting in Ohio was a good idea, some of the main ones being:
- It will generate a ton of tax revenue
- It will create a lot of jobs
- It will make a safer market for sports bettor
Generally, two values that everyone seeks when they want to partake in online transactions are security and trustworthiness. Now that the bill has been passed into law, Ohioans can rest assured that the money they deposit into their accounts will be safe, which is what matters the most.
The bill that was signed allows for 67 licenses in total, from which 25 will be online sports betting licenses and 42 retail sportsbook licenses. Furthermore, each Ohio casino, professional sports franchise as well as racino will be able to apply for a Type A license but must partner with a sportsbook operator.
Most Likely Sportsbooks Apps Coming To Ohio
Although we don’t know for sure the list of apps coming to Hio, some sportsbooks seem more likely than others to appear. As one of the most sports-crazy and most populated states in the US, sports enthusiasts in the state can expect that all of the major players in the American sports betting industry will be more than ready to plant their flag with the best mobile sports betting apps.
The first most likely sportsbook app to appear in Ohio is DraftKings. As you may already know, DraftKings has established a sterling reputation in the daily fantasy sports industry over the years.
It is often the first sportsbook to launch in new sports betting states and has actually been the only available app in several states at various times.
The second most likely sportsbook app coming to Ohio is FanDuel. Similar to DraftKings, FanDuel has built a nationwide reputation for delivering a reliable, quality product over the years.
If there’s one thing that can be said with certainty, it’s that FanDuel’s variety of competitive odds and betting markets will make it a great addition to the legal Ohio betting scene.
At last, BetMGM sportsbook is the sports betting extension of one of the largest casino companies in the world. Given that one of MGM’s properties is located in Ohio, it will most likely pave the way for MGM to apply for licensing in this state.
Sports Teams in Ohio to Bet On
With major cities such as Columbus, Cincinnati, and Cleveland, how can there be a shortage of professional sports teams? From professional hockey and football to basketball and baseball, all of them are represented in Ohio.
The Cincinnati Bengals that play in the NFL were founded by Cleveland Browns’ head coach Paul Brown, and much like them, they have struggled in their history as a football club. You will not only be able to bet on all of the Bengals games for the season, but you will also be able to bet on Cincinnati to win the AFC North and qualify for the playoffs.
As for the Cleveland Cavaliers, they are an NBA team that competes in the Eastern Conference. Even though they won just one NBA championship back in 2016, they have dominated the NBA in the 21st century.
Now that sports betting has finally been legalized, Ohio sports enthusiasts can anticipate various procedures being implemented for signing up at sports betting sites. Before signing up for a site, make sure to take the time to get to know all the ins and outs of the site.
After you’ve chosen a site to wager on, you will need to provide some personal information such as first and last name, age, home address, mobile number and the last four digits of your SSN. After, you will need to create a username and a password, verify your account, and then fund it by making the first deposit.
