The Buckeye State’s sports betting fans have plenty to look forward to over the coming few months. Sick of being left behind unlike their contemporaries in neighboring legal sports betting states like West Virginia, Indiana, Michigan and Pennsylvania, the winds of change are now blowing through the State of Ohio.
Ohio Lawmakers Vote for legal sports betting
Sports betting legalization bill, H 194 advanced quickly through the Ohio House Finance Committee last week with just a lone dissenting vote and received equally fast clearance on the House floor a day later.
The proposed introduction of Ohio sports betting would potentially tax sports betting net revenues at a 10% rate, with the revenue raised for the State Budget going directly to education. The bill theoretically allows for sports wagering at casinos, racinos, veterans and fraternal halls, and online through web-based sportsbooks or through mobile apps. It is anticipated that the Ohio Lottery Commission will oversee licensing and regulate the activity.