Details emerging:
40 potential licenses will be issued at a cost of $1,000,000 per license. They will come in two distinct types:
- Type A – 20 Licences
- Type B – 20 Licences
Schuring made sure to point out that Ohio will operate an open, free market – welcoming new existing operators to compete in the market.
Ohio Sports Betting Bill Details Announced - 2 License Types AvailableMore information will be released soon.
Type B Licences: Sen Schuring explained what the Type B licenses would cover:
“A class B license sportsbook is a brick-and-mortar sportsbook” .. “There’s a new phenomenon out there right now, it’s called proposition betting. And so what we’re saying is under a Class B license, a brick-and-mortar sportsbook, you can open up a facility with big screen TVs and mobile apps and proposition betting. We think it will be an economic development tool for Ohio.”
Other takeaways from Sen Schurings press-conference:
- Ohio’s Casino Control Commission will be be the regulator for the sportsbook industry
- The state’s Casino control commission is responsible for deciding whether betting on collegiate sports will be permitted Ohio Sports Betting Bill Details Announced - 2 License Types Available Ohio Sports Betting Bill Details Announced - 2 License Types Available
- Revenue generated from the regulated sportsbetting industry in Ohio will go to towards education and gambling addiction treatment and education programs
If the sports betting bill is approved, OH sports betting would not begin until January 1st, 2022.
London based reporter covering all aspects of the global regulated and unregulated land-based and online gambling industry - including business news, sports-betting, casinos, poker & regulation