Is sports betting legal in Ohio? This is perhaps one question that has been the bone of contention for a while now. This is more emphasized in the fact that other states are running successful betting enterprises yet, the state of Ohio seems to be sleeping on it. Ohio’s senate has been going on this scuffle to legalize sports betting in the state for months now. It was argued that the state was sleeping on a gold mine in taxes that other states are accruing from legalizing sports betting. At this point, you may have several questions like when will sport betting be legal in Ohio? Are there sportsbooks currently available in Ohio? If all these questions are already boggling you, then not to worry, this article will offer some clarity.
In this Ohio sports betting update, we will be covering all you are expected to know pertaining to the legalization of online betting in the state.
Best Ohio Sports Betting Sites to Expect at Launch
The legalization of sports betting in Ohio just happened about two months ago. So, at the moment, there are yet to have any Ohio sports betting sites taking up space. Going further in this piece, we will be brushing up on those sportsbooks we have a sense will be coming to Ohio in no time.
This is one sportsbook that has its traces almost in all states where sports betting is legalized in the United States. As a matter of fact, FanDuel generates the most in terms of earnings of all sportsbooks in the United States. This sportsbook has gained a cult following in the United States and is easily one of the most beloved sportsbooks. So, it comes as no surprise that they make it to this list. Currently, there are daily fantasy sports betting in the states. Knowing their history with forming partnerships, we see them building one with a casino in Ohio very soon.
Aside from FanDuel, this is another sportsbook that comes close to the reputation that FanDuel has built so far. Draftkings is a force as far as online sportsbooks in the United States are concerned. As a testament to their authority, they are among the top five bookmakers in most states. Their impeccable sports betting service put them miles ahead of the others. Seeing how particular they are about expansion and covering bases, we see them getting into Ohio full-time soon.
This is a subsidiary of MGM Resorts International, one of the biggest casinos in the world. So you can have an idea how big a sportsbook is. MGM already has some stake in Ohio by owning a property, hence giving them more grounds to gain licensing in the state.
With Caesars’ partnership with William Hill and Eldorado Resorts, they have attained heights that they never thought possible. With such momentum that they have garnered over the years, the thought of expanding to a state with so many prospects seems rather appealing.
Latest Ohio Sports Betting Update
As of February 17, 2022, it was in the news that Ohio lost a chunk of sports betting taxes to offshore operators and the four border states with authorized sports betting platforms.
When will sports betting be legal in Ohio?
Prior to December 6, 2021, Ohio was still not there with the legalization of sports betting in the states. However, on that date, it was made known, though bated breaths, that there was an agreement reached between the Ohio House and the Senate to legalize sports betting.
Things have gone uphill from there. So far, there have been concrete plans put in place to foster the coming of online sportsbooks in the state. There was even a projection that Ohio could generate as much as $1 billion in gross gaming revenue when things start taking shape.
Where to Bet on Sports in Ohio?
As of the time of writing this review, there are no options as regards sites for online betting in Ohio that residents can take advantage of. Also, though there are numerous casinos in the state, none of them have sealed a partnership with a sportsbook yet to offer a live location for sports betting. This sort of puts Ohio residents who are sports betting enthusiasts at some disadvantage. There is not so much to be done than to wait till these Ohio online sportsbooks start becoming a thing.
Online Betting Sites that could come to Ohio
As we have already highlighted so far, there is a very good chance we will be seeing an influx of Ohio sports betting apps this year. Here are some of the sites that we should anticipate their entry in Ohio.
FanDuel has its traces almost in all states where sports betting is legalized in the United States. As a matter of fact, FanDuel Sportsbook Promos generates the most in terms of earnings of all sportsbooks in the United States. This sportsbook has gained a cult following in the United States and is easily one of the most beloved sportsbooks. So, it comes as no surprise that they make it to this list. Currently, there are daily fantasy sports betting in the states. Knowing their history with forming partnerships, we see them building one with a casino in Ohio very soon.
BetMGM esorts International is one of the biggest casinos in the world. So you can have an idea how big a sportsbook is as BetMGM Bonus already has some stake in Ohio by owning a property, hence giving them more grounds to gain licensing in the state.
Aside from FanDuel, this is another sportsbook that comes close to the reputation that FanDuel has built so far. DraftKings Sportsbook is a force as far as online sportsbooks in the United States are concerned. As a testament to their authority, they are among the top five bookmakers in most states. Their impeccable sports betting service put them miles ahead of the others. Seeing how particular they are about expansion and covering bases, we see them getting into Ohio full-time soon.
With Caesars Sportbook’s partnership with William Hill and Eldorado Resorts, they have attained heights that they never thought possible. With such momentum that they have garnered over the years, the thought of expanding to a state with so many prospects seems rather appealing.
Betting Markets that could be explored on Those Sites
Now that we have relatively covered some of the expected sportsbooks that could be coming to Ohio. In anticipation for these sportsbooks to start operating, let’s look at some of the widely popular betting markets on those sportsbooks.
This is the simplest betting market on sports that you would find among all the aforementioned sportsbooks. It comes as no surprise that it is widely explored by bettors, given its simplicity. For Money line wagers, the bet is practically about who will win the game. As it is common with money line odds, one of the teams is represented as an underdog while the other is represented as a favorite. The team that has the (+) sign attached to the odds is the underdog, while the team that has the (-) sign attached to the odds is the favorite.
This is another betting market that is widely harnessed on the betting sites that we have discussed above. For the points spread, as the name implies, you are betting on which team wins by a certain point margin. The range of the point spread varies with different sports offered on these sportsbooks.
This is a type of bet that can’t be determined from the outcome of one game, as opposed to the other betting markets that we have talked about. Like the name implies, with a future bet, you are betting on the outcome for a future occurrence in a competition. For example, you could bet on the team that wins the NBA. The futures bet relatively have higher odds than other bets, because of how risky they can be.
This is another option that seems to get a lot of rep on major sportsbooks. For total bets, you are either betting on the total number of points in the game or the total number of goals that are recorded in the game. The way the Total odds are represented for a wide range of sports is different. For sports like Soccer, for instance, the maximum total option attainable is Over 7.5. However, for sports like Basketball, you could bet on total options as high as Over 111.5.
These are very unique kinds of bets. It is no surprise that they are also called special bets. These bets cover rare outcomes. For example, a prop bet for an MMA event could be something like who wins the fight in the first 10 minutes. There is a wide range of props bet that are provided on these sites. These types of bets have grown in popularity because of how juicy their odds can be.
This is basically an accumulation of multiple outcomes on a bet slip. Parlays are usually favored by bettors because they can be quite effective. With Parlays, the higher the number of options in the bet slip, the higher the risk, and invariably, the higher the reward.
History of Ohio Sports Betting
The history of sports betting in Ohio can be traced back to 1933 when the Ohio State Racing Commission was formed. This was an arm put in place to serve as a watchful eye of horse race betting operations in the state at the time. For decades horse racing became a big deal in the states so did betting on it. So, it comes as no surprise that seven out of the eleven casinos in Ohio were racinos.
Now, back to 2018, that’s the closest Ohio came to legalizing sports betting in the state. However, at that time, fantasy sports betting was the only form allowed in the states. This saw the entry of some of the big names in the sports betting world into Ohio to offer odds on these games. Some of the popular sportsbooks that came at that time to offer fantasy sports odds are Draftkings, FanDuel, Yahoo, and Fantasy Draft. It was a surprise seeing Ohio legalize fantasy sports betting, considering the restraint that’s been met over the years to legalize sports betting.
The slow advance of Online betting in Ohio
In 2020, there was much more progress about giving sports betting a trial when the House of Finance Committee advanced on the Ohio sports betting bill.
In 2021, there were new legislators and Senators like Sen. Kirk Schuring championed the process of passing the OH sports betting bill. This battle took several months before some win was recorded in late December when DeWine signed the basic shape of SB 176.
Now, it’s no news that sports betting has been considered legal in Ohio and in a few months or before January 2023 there are expectations for the inception of a lot of Ohio sports betting apps.
Yes. Sports betting became legal in Ohio last December and so far, efforts are being made to see the introduction of a number of sportsbooks in the state.
It is projected that sports betting in Ohio could generate as high as $1 billion a year. Most of this amount is planned to go into funding public education in the state.
Yes. We are expecting to see a lot happen in the sports betting space in Ohio, with a lot of sportsbooks coming to the fore.
No. As we have already stressed enough in this piece, the legalization of sports betting in Ohio is still in its infant stage. As such, there hasn’t been any sportsbooks available. Ideally, for there to be physical locations for sports betting in a state, there needs to be a partnership between a sportsbook and that location. So far, there is no such partnership existing in Ohio. However, given the planning in the works, there is a good chance that in the coming bets, betting on sports at physical locations will be possible in Ohio.