A lot of skilled sports activities groups have been granted sports activities betting licenses in Ohio. [Image: Shutterstock.com]
Getting in on the motion
The Ohio On line casino Management Fee (OCCC) has issued quite a few sports activities betting licenses, together with to a number of the state’s skilled sports activities groups. Among the well-known sportsbook operators to get the conditional inexperienced gentle to launch on January 1, 2023 embrace Caesars Sportsbook, Barstool Sportsbook, and FanDuel.
The Columbus Blue Jackets, Cleveland Cavaliers, FC Cincinnati, Cleveland Guardians, and the Cincinnati Bengals have been the professional sports activities groups that obtained approval on Wednesday. The Bengals obtained an online-only license, whereas the opposite groups obtained each on-line and retail sports activities betting licenses.
sportsbook operators additionally partnered with native casinos and racetracks
Every of the groups already has partnered with no less than one sportsbook operator. Along with the professional sports activities groups, sportsbook operators additionally partnered with native casinos and racetracks in Ohio in an effort to achieve entry to a license.
A race for licenses
There have already been some licenses issued by the OCCC, together with to DraftKings, PointsBet, and BetRivers. Different operators, akin to Seminole Arduous Rock and Betr, are nonetheless ready to listen to if they’ve gotten the related approvals.
may finally be as many as 50 on-line sportsbooks in Ohio
In complete, there are as much as 25 on-line sports activities betting licenses up for grabs within the Buckeye State. Every license holder can associate with two operators, so there may finally be as many as 50 on-line sportsbooks in Ohio. There are limitations on the variety of retail sportsbooks that may be in sure counties.
Lastly, over 300 companies have utilized for an additional sort of license that may enable them to have a sports activities betting kiosk on their property. Companies are eligible to pursue such a license if they’ve a liquor allow.
Getting market entry
When Ohio Governor Mike DeWine signed laws into regulation in December that lastly legalized sports activities betting in Ohio, operators started pursuing market entry alternatives. Caesars Leisure has a deal in place with the Cleveland Cavaliers that may see a retail sportsbook open at Rocket Mortgage Fieldhouse. The Cavaliers even have an settlement with the Fubo Sportsbook.
The official date on which sportsbooks can launch in Ohio is January 1, 2023. The seventh most-populated US state and residential to a passionate group of sports activities followers, Ohio is about to be a major authorized sports activities betting market.
Whereas the Guardians don’t but have a retail associate, the workforce has Bet365 and BetFanatics on board as on-line companions. The latter is at the moment the only real associate for the Blue Jackets, whereas SuperBook has a deal in place with FC Cincinnati and Betfred has partnered with the Bengals.