When you sign-up through links on our site, we may earn an affiliate commission. Learn more >
The long-awaited sports betting bill finally made its appearance in Ohio on Thursday, March 14. Ohio was one of the last large market potential states without active legislation on file on legal sports wagering.
The SB111 bill is sponsored by State Senator John Eklund and democratic State Senator Sean O’Brien. Senator Eklund says that he would rather take his time and get the legislation right than rush.
According to an earlier study made by Oxford Economics, Ohio has the potential to make more than $9 billion in annual sports betting handle.
Both casinos and racinos will be allowed to offer sports wagering. There is a total of 11 in the state of Ohio. Licensees must pay an application fee of $100,000 and they are allowed to partner with operators for retail and online wagering. Signing up remotely is also allowed.
All of the state’s neighbors have already legalized mobile betting or are at least in the process of doing so. Only in February, for example, in New Jersey, mobile bets accounted for 80% of all the wagers and for $320 million in bets.
Eklund was at first skeptical about mobile wagering but as soon as he got more information, he changed his mind.
His comment for US Bets:
“When I first contemplated the idea, I thought it was kooky, frankly, because I was ignorant, but I am learning more and more that there are many vendors out there who profess to have the means by which to maintain the security in that space, to maintain integrity. So I guess I am to the point where now I would say, yeah, I see where that would be something worth considering.”
Ohio Senate President Larry Obhof has power over legislative bills and in his opinion, the SB111 bill doesn’t have the power to regulate sports betting. He believes that this matter should be decided by voters in a constitutional amendment.
Ioana has been working in the US iGaming industry since 2018, when she joined Gaming Innovation Group as a Content Executive for World Sports Network. Ioana is now Content Team Lead for WSN and manages the day-to-day operations across the site. From coordinating content with the vast writing team, to ensuring all operator details on the site are up-to-date and accurate, Ioana is vital cog in the WSN machine.More info on Ioana Romanasu
© Rebel Penguin ApS 2024 (a subsidiary of Gaming Innovation Group Inc.)
We support responsible gambling. 21+ Only. Gambling problem? Call 1-800-Gambler.
WSN.com is run by iGaming Cloud Inc (a Gaming Innovation Group Subsidiary) and is registered with the New Jersey Division of Gaming Enforcement (DGE) under affiliate vendor ID 89744, with the Indiana Gaming Commission (IGC) under certificate of registration number SWR-000148, approved by the Pennsylvania Gaming Control Board as a gaming service provider, under certificate registration number 117656-1, possesses a Vendor Minor sports betting license from the Colorado Limited Gaming Control Commission (account number 94414163), granted a vendor registration number VR007603-20-001 by the Michigan Gaming Control Board, an interim Sports Wagering Supplier license, under license number SWS 066, issued by the West Virginia Lottery Commission, a sports betting vendor registration, under registration number #100400, issued by the Director of Gaming Licensing and Investigations of the Virginia Lottery to operate in the State of Virginia, and a Vendor Registration issued by the Sports Wagering Committee of the Tennessee Education Lottery Corporation.
Advertising disclosure: WSN contains links to online retailers on its website. When people click on our affiliate links and make purchases, WSN earns a commission from our partners, including ESPN and various sportsbooks.