Legalized Sports Gambling Is One Step Closer To Coming To Ohio

After years of debate, legalized sports gambling could be coming to Ohio very soon.

Ohio senators proposed 40 three-year sports betting licenses. Each license would cost $1 million and half of the licenses would allow applicants like casinos and racinos to partner with online and mobile betting services.

The remaining 20 licenses would go to wards in-person sports betting, like sports bars who offer proposition bets. Prop betting allows sports fans to bet on just about anything that happens during a sporting event, even if it’s not directly related to the outcome of the game.

The new industry would be regulated by the Ohio Casino Control Commission and assessed a 10% tax. The proceeds would go towards schools and 2% would go toward problem gaming and addiction services.

Under the proposal, no bets could be placed on K-12 sports, but Ohioans could bet on collegiate sports.

The bill was introduced Thursday morning and comes after months of meetings and presentations to the Ohio Senate Select Committee on Gaming. The committee was tasked with crafting the state’s sports betting bill.

Hearings on the bill will begin next week and lawmakers hope to pass legislation sometime in June.

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