Ohio Sports Betting

Ohio has over 11 million residents, making it the 7th-largest state by population and a top-5 market for legal sports betting. The road to legal Ohio sports betting was a loooong one, filled with metaphorical potholes and other obstacles major and minor. The running joke among industry observers was that every state outside of Utah would have legal sports betting before Ohio got its act together.

Then one day in late 2021, December 8 to be exact, the House and Senate both passed H.B. 29, which legalized sports betting in the state. Governor Mike DeWine signed the bill into law a few days later, and all of a sudden sports betting became legal in Ohio. Because most of the debate and negotiations took place behind closed doors, we may not ever know what caused the legislative logjam to break, but that’s in the past, and legal sports betting is finally coming to the state sometime in 2022.

OH sports betting license types

Passing legislation to legalize sports betting is just the beginning of the actual legalization process. From there, the rulemaking and regulatory actions take over, usually at just above a snail’s pace. Some states, such as Arizona, make it a priority to work quickly to get sportsbooks licensed and up and running.

Other states like Maryland and Ohio work more diligently, ensuring that all the details are in place before granting final approval to online and retail sportsbook operators. Let’s go over more details about what will end up in Ohio when sports betting comes to the state, beginning with the types of licenses that will be available:

  • Up to 25 Type A licenses are authorized, which will be available for the eight professional sports teams in the state; the PGA Tour, which has an event in the state; and NASCAR, which operates in the state. Ohio’s 11 existing casinos also qualify for a Type A license. Each license will allow the license holder to partner with up to two sportsbooks, operating as their online “skin.” As an example, the Cleveland Guardians could apply for a Type A license that would let them partner with both DraftKings and BetMGM, allowing those two sportsbooks to operate online in the state. Most, if not all, of the state’s 10 qualifying sports franchises and 11 casinos (4 traditional casinos and 7 racinos) will end up applying for a license and partner with a major sportsbook operator.
  • Type B licenses are for retail sportsbooks and up to 40 Type B licenses are authorized. This means that there could be quite a few big retail sportsbooks across the state. Casinos like Scioto Downs Racino (owned by Ceasars) that want a retail sportsbook and an online sportsbook (ahem, Caesars Sportsbook), will have to apply for both a Type A and Type B license. Still, 40 retail sportsbooks would be more than any other state not named Nevada.
  • Type C licenses are where things get interesting. Any retail establishment with a liquor license, which includes thousands of establishments in Ohio, is eligible to apply for a Type C license, which would allow them to install a sports betting kiosk. The kiosks will be managed by the state lottery and will only have simple bet types like spread, over/under, and Moneyline wagers. This could have a potentially huge impact on the popularity of sports betting in the state. Many people may want to bet on a game but don’t necessarily want to open up and fund an online account in one of the Ohio mobile sportsbooks.

Additional details on Ohio sports betting

  • The tax rate is a very competitive 10%, which will benefit bettors and should maximize the tax revenue generated by the betting handle in the state. The lower the tax rate, the more competition, in theory, will come to the state, resulting in better prices for bettors and more fees paid to the state government.
  • eSports are authorized, which is worth keeping an eye on. Wagering on eSports is becoming a bigger deal as video games continue to grow in popularity. Only a few states offer regulated wagering on eSports, which aren’t a popular market now but may be in the future
  • VERY importantly, wagering on in-state college teams is allowed. Imagine the outrage if Ohioans couldn’t bet on their beloved Buckeyes. In fact, there are no major restrictions on the types of wagers sportsbooks can offer in the state
  • All the sportsbooks that receive their licenses in time will go live on the same day so as not to favor one over another. This is a common strategy that has been used by New York, Michigan, and Arizona to ensure that sportsbooks can prepare for launch knowing that they will be going live on a certain date
  • All tax revenue generated from sports betting will go to education and youth sports programs in the state. The state is expected to generate $12 million or more in tax revenue each year, which will pay for a lot of laptops and uniforms

Ohio sports betting FAQ

We at OHBets love a good FAQ. You have questions, we have answers. Let’s go over more of the most common questions people new to sports betting tend to want additional information about.

Who is eligible to bet on sports in Ohio?

Anyone 21 and over who is physically in the state of Ohio. You don’t need to be a resident of the state. If you’re planning a trip to Ohio, you will be able to sign up for an account and even make a deposit so you’re ready to bet as soon as you enter the state. Mobile sportsbooks will confirm your location using geotracking software.

Where can I bet on sports in Ohio?

Anywhere! You will be able to bet on your smartphone, tablet, computer, at a retail sportsbook, or using a kiosk at a bar or restaurant.

When will legal sports betting start in Ohio?

Sometime in 2022. The exact date is TBA, but the regulatory process will be done and online sportsbooks will be authorized to go live sometime before January 1, 2023. Retail sportsbooks and kiosks will probably not be available until 2023.

Is it legal to bet on the Ohio State Buckeyes?

Yes. Thankfully for the legions of Buckeyes fans, the legislation as passed contains no restrictions on wagering on in-state college teams.

What types of bets will I be able to make?

Again, the final list of approved wager types has not been announced, but we expect bettors in Ohio to be able to make all the same wagers that their friends in other states can make, including:

  • Prop bets
  • Moneyline
  • Spread
  • Over/Under
  • Futures
  • Teaser
  • Parlay, including same-game parlay

What promotions will be offered?

Good question. Promotions are used by sportsbooks to entice new customers to try out their products. In states with an open market, such as Ohio, sportsbooks compete to sign up as many new customers as possible. Bettors in Ohio should expect to see the following types of promotions:

  • Risk-free bet
  • Deposit match
  • Odds boost
  • Free bet
  • Parlay insurance
  • Free merchandise
  • Referral bonus

Which banking options will be available?

Another good question. This FAQ is filled with great questions! At a retail sportsbook, the only banking option is cash. You hand the teller your cash, they hand you a betslip. If you win, you get paid in cash. No fuss. This works for some people, but with well over 80% of all wagering nationwide now being done using a smartphone, bettors want to do their wagering, and their banking, online. Luckily for bettors in Ohio, there will be many banking options available for sportsbook deposits and withdrawals, including:

  • PayPal
  • Skrill
  • ACH eCheck
  • Online banking
  • Visa/Mastercard/Discover
  • Play+ branded prepaid card
  • Sportsbook-branded gift cards
  • PayNearMe
  • Wire transfer
  • Check sent by mail
  • Cash at casino cage

Note that the banking options will vary wildly, with some like FanDuel Sportsbook offering pretty much every banking option imaginable while others regrettably only offer one or two. Also, note that not all options are available for both deposits and withdrawals. Be sure to check with your bank and the sportsbook for all the specifics before making a deposit.

I already have a sportsbook account in Indiana/Pennsylvania/Michigan/West Virginia. Will I be able to use that account in Ohio?

Since Ohio borders four states with legal sports betting, many Ohioans no doubt already wager legally using their preferred sportsbook operator. To answer the question, most sportsbooks require customers to have a different account in each state, most likely to avoid any reporting and compliance headaches. This would mean you would have to open a new Ohio account and make a separate deposit. However, DraftKings and FanDuel do allow you to use your funds in any state in which they operate, so those accounts will automatically work in Ohio. Each sportsbook has different rules on this, so be sure to check before making a deposit.

Which sportsbooks will be available in Ohio?

We aren’t sure yet, but since Ohio is the seventh-largest state by population, all the major sportsbooks are expected to have a presence in the state. Since up to 25 Type A (online) licenses are available, we expect some lesser-known operators to come to Ohio as well. Most of the following sportsbooks are expected to launch in Ohio at some point:

  • Bally Bet
  • Barstool Sportsbook
  • Bet365
  • BetMGM
  • BetRivers
  • Caesars Sportsbook
  • DraftKings
  • FanDuel
  • FOX Bet
  • Hard Rock Sportsbook
  • MaximBet
  • PointsBet
  • SI Sportsbook
  • Superbook
  • theScore Bet
  • TwinSpires
  • WynnBET

Ohio Sports Betting News View all The Latest Industry Updates

1 2 3 11