Ohio sports betting laws

This comes three years after the Supreme Court of the United States struck down a federal law prohibiting state-sponsored sports betting. Accordingly, Ohio becomes the 33rd state to allow such betting, alongside the neighboring states of Michigan, Indiana, Pennsylvania, and West Virginia. Ohioans will be able to place bets on professional, college, and esports no later than January 1, This includes betting at casinos, racinos, professional sports stadiums, and online.

Those who want to offer sports betting in Ohio will have to apply for a gambling license. These licenses are awarded for five-years. Beginning in January, not only will racetracks and casinos be able to offer sports lines at their retail establishments, but the major national online and mobile sportsbooks with licenses granted by the state will also sign up as many Ohioans as possible.

Ohio mobile sports betting could soon be a hit. As soon as Ohio sports gambling goes live, there will be many intriguing sportsbook promo codes with significant welcome offers. Sports fans in the Buckeye State are fanatical about their teams, so there is no doubt that legal Ohio mobile sports betting will be a major hit. It may be daunting for new sports gamblers, so SportsLine is here to help you better understand sports betting terminology. Below are several sports betting terms and what they mean from our friends at SportsLine.

How to bet on sports in Ohio when legalized There are several ways you can make sports wagers both online and in retail sportsbooks and plenty of bet types you'll want to familiarize yourself with. This bet is not about which team wins, but how many points, goals, or runs the teams, combined or individually, will score.

These can give you something else to root for while watching your favorite team, without betting on them. Parlay: Combining multiple bets onto one ticket is referred to as a parlay. Although these bets are fun and can create large payouts, every leg or bet added to one ticket decreases the chances it will be a winner. Parlays can consist of spreads, totals, props, and much more. Each sportsbook can dictate which bets can be combined and what the payout will be.

It's imperative to get the best odds available while also remembering parlays are hard to hit, so they should be done with caution.

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Those who want to offer sports betting in Ohio will have to apply for a gambling license. These licenses are awarded for five-years. Moreover, the OCCC will offer three types of licenses. Licenses will be made available for online and mobile app betting, brick-and-mortar stores, and bars and restaurants with certain liquor permits. Furthermore, licensed operators may receive tax incentives starting in Under the bill, roughly 98 percent of the money will go towards funding public and private K education.

The number of Type B proprietors in each county will depend upon the size of the county. Type B brick-and-mortar casinos may team up with Type A online casinos. There will be a maximum of 20 Type C licenses. Those will go to proprietors of self-service terminals, who have D-class liquor licenses. Licenses will expire in five years.

License fees must be completely paid within that time period and are non-refundable. Where Will the Money Go? Ohio is banking on sports betting becoming a multi-billion-dollar industry. Ohio becomes the 33rd state to legalize sports betting. The law will allow for wagering on any professional or college sport, international sports and Olympic sports.