Premium
Track real-time Director Deals activity on the London Stock Exchange (LSE)
Even though Ohio is located in a state that has welcomed legalized sports betting in neighboring states, betting on sports remains illegal in Ohio.
A few crucial factors give us cause to believe that legislation will begin to shift promptly.
Many states, including Pennsylvania, West Virginia, New Jersey, and Michigan, already have legalized some kind of sports gambling and are poised to do so in 2022 with the introduction of Senate Bill 176, a sports gambling bill.
Throughout this guide, we’ll take a thorough look at the historical and current legal sports betting issues in Ohio, and then we’ll offer you our best projections about what the future will hold.
A Quick Guide to Sports Betting in Ohio
In the last 10 years, Ohio has made significant reforms to its gaming rules, which makes us hopeful. Betting in Ohio has gone from a somewhat conservative state to a state with a handful of full traditional bookies operating for punters and Ohio citizens.
When the state ultimately approved to establish casinos in 2010, things started to shift. Prior to it, the only legal forms of gambling available to locals were horse racing, the lottery, and a few casual poker games. Because of the rapid success of the state’s five traditional bookies and seven “racinos,” the nascent sports betting business is anticipated to benefit greatly from their rapid success, as well.
Additionally, Ohio Governor Michael DeWine has made it clear that sports gambling would be legalized in the state after the Supreme Court’s 2017 decision to overturn the federal prohibition.
The legality of sports betting in Ohio is a hot topic right now
Many people wonder whether it is possible to place a wager on sports in Ohio. There is presently no legality for sports betting in Ohio. During the summertime, the House of Representatives in Ohio did not take up a measure that would have authorized wagering in Ohio.
Online sports gambling in Ohio had been expected to be allowed in time for last October, but that didn’t pan out as planned. If everything goes according to plan, sports gambling may take place somewhere around this year. As a result, a sports betting measure in Ohio may bring in more money for the state while also allowing the state to issue Type A, B, and C licenses.
Fortunately, for the time being, Ohio citizens may place bets on sports via an overseas bookmaker. These bookmakers are often headquartered in Curacao, Costa Rica, and the European Union and are not controlled by the province of Ohio. Placing bets with these offshore providers is completely legal. Apart from that, offshore sportsbooks are known to offer some of the most competitive odds on the market, making them a very good alternative. Before going ahead and placing any bets on any random offshore provider, you should take some time to do some homework in order to find a safe and legal provider. Alternatively, you can check out this comprehensive guide explaining the best options for placing a sports wager in the state of Ohio, covering everything you need to know about sports betting in Ohio, from what types of betting are legal to the best Ohio betting sites you can use today.
The sports you can bet on in Ohio
The state of Ohio does not presently allow sports betting of any kind, online or off, with the exception of daily fantasy sports, which we’ll go into more detail about below. It’s a bit strange that sports betting is illegal in Ohio since the state is a very prominent figure when it comes to sports.
Punters in Ohio will be able to wager on Major common leagues in the USA like the NHL, MLB, NFL, and the NBA as well as a slew of other clubs and sports from the United States and across the globe, if and when the new casino opens in the state, as promised.
The state of Ohio is known for its sports fervor, and it is home to many big-league teams. We anticipate a lot of activity to concentrate on the regional specialties once sports wagering is available.
Several of the world’s greatest sports teams and individuals call Ohio home.
Speculative wagering on fantasy sports is permissible in the state of Ohio
Yes. A few crucial conditions must be met before wagering on daily fantasy sports (DFS).
Until it could be regulated and sanctioned legally, House Bill 132, Ohio’s law legalizing DFS, underwent a number of back-and-forth changes.
Is the future of sports betting in Ohio bright?
Currently, it is up to politicians and legislators to approve Senate Bill 176 so that it reaches Governor DeWine’s desk for his signature. The Ohio Lotto and Casino Control Board will have to decide whether they will share jurisdiction or whether one of them would rule over the other.
For the time being, all indicators point to Ohio legalizing sports betting by the summer of 2022, assuming all goes according to plan.
Legislators’ ability to approve a simple bill to authorize sports gambling will be one of the most important factors in this process.
