Dozens of Sportsbooks Unlikely in Ohio, Regulator Says

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When authorized sports activities betting in Ohio begins, bettors most likely received’t have as many sportsbook choices because the legislation permits, the state’s prime gaming regulator stated.

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In each state, the identical half dozen sportsbook operators eat 90% of the market, stated Matt Schuler, the Ohio On line casino Management Fee govt director.

Some fashionable sportsbooks working throughout the nation embody BetMGM, Caesars, DraftKings and FanDuel.

The manager director stated he doesn’t envision Ohio having the handfuls of sportsbooks allowed underneath the legislation, in keeping with Vixio Gaming Compliance.

Sports activities Betting is Authorized However Not But Operational in Ohio

Late final 12 months, Republican Gov. Mike DeWine signed laws into legislation legalizing brick-and-mortar sportsbooks and cell wagering with the usage of smartphones and computer systems.

Along with betting on skilled and collegiate sports activities, individuals additionally will be capable of wager on vehicle racing, Olympic occasions and extra.

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Earlier than sports activities betting can start, the fee should first set up the principles to control the business.

The legislation requires sports activities betting to start no later than Jan. 1, 2023, although supporters hope it may get began not less than in time for soccer season this fall.

Dozens of Sportsbook Operators Allowed in Ohio

Ohio can have as many as 50 cell sportsbooks and 40 land-based betting websites. The land-based ticket home windows will be positioned at 4 casinos, seven racinos and 10 skilled sports activities venues, in keeping with a fee report.

As well as, betting kiosks can be accessible in bars and eating places with liquor permits.

Schuler stated he doesn’t imagine the state will see that variety of sports-betting operators.

In states with 20 or so sportsbooks, the identical 5 or 6 dominate the market, with the remainder “making an attempt to get some fraction of a p.c,” he stated.

“I do not know why Ohio could be totally different, so whereas there’s lots of demand, will probably be attention-grabbing to see if the market determines that may maintain, given these dynamics occurring in state after state with the identical firms and largely the identical market share,” Schuler stated.

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Some States Don’t Have Max Variety of Sportsbooks

In some states, the variety of cell sportsbook operators is beneath the entire allowed.

In Louisiana, laws that Democratic Gov. John Bel Edwards signed into legislation final 12 months permits for as much as 41 cell sportsbook platforms, referred to as “skins.”

Nevertheless, after the beginning of authorized cell sports activities betting this 12 months on Jan. 28, seven on-line bookmakers have gone dwell within the state.

WynnBet is the latest cell sportsbook to turn out to be operational in Louisiana.

In New York, cell sports activities betting was launched on Jan. 8. 9 on-line bookmakers have been licensed to make their apps accessible to bettors, however virtually three months later, solely eight are operational.

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BallyBet New York Sportsbook is the one one of many unique 9 not but accepting sports activities wagers. The app is anticipated to be accessible within the first half of this 12 months.

Ohio Surrounded by Sports activities Betting States

Of the 5 states bordering Ohio, just one, Kentucky, has not legalized sports activities betting, although laws is into consideration on the statehouse in Frankfort that will add Kentucky to the checklist of states with sports activities wagering.

Nationwide, sports activities betting is authorized in 30 states and Washington, D.C. It’s authorized however not operational in Ohio, Florida and Nebraska.

Along with Kentucky, 11 different state Legislatures are contemplating measures to legalize sports activities wagering.

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