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Ohio Legislators Sign First Sports Betting Bill into Law
Ohio State Governor Mike DeWine signed the state’s first sports betting bill into law on Wednesday, December 22nd. The bill allows Ohio State citizens to bet on sports under the control of the Ohio State Casino Commission and the Ohio Lottery.
The hope is to get things up and running soon, but a deadline of January 1, 2023, has been put in place. The
The Bill would allow for casinos, sports teams, stadiums, bars, and restaurants to apply for gambling licenses, which will all be regulated by the Ohio State Casino Commission. Mobile betting apps would also become legal under this bill.
There will be a 10% tax on all revenue made from sports betting, with almost 98% of that money going toward public and private K-12 school funding.
With the passing of this bill, Ohio becomes the 33rd US State to legalize sports betting.
While there is still a long road ahead for Ohioan sport bettors, this is a great first step toward fully legalized sports betting.