Ohio Department of Commerce
| Year legalizing sports betting: | 2021 |
| Types of sports betting allowed: | Mobile and retail |
| In-person registration required: | No |
| Tax rate on sports betting revenue: | 10% |
The Ohio Department of Commerce oversees the regulation of sports betting in Ohio. As of 2021, Ohio has legalized both mobile and retail sports betting with no in-person registration required. The tax rate on sports betting revenue is set at 10%. The state is currently in the process of rolling out regulations and licenses for operators. [Source: Legal Sports Report]
Ohio Casino Control Commission
| Year legalized sports betting: | 2019 |
|---|---|
| Current legal status: | Not yet operational |
The Ohio Casino Control Commission oversees gambling activity within the state, including the regulation of sports betting. In July 2019, Ohio legalized sports betting, but it has not yet become operational. The current legal status of sports betting in Ohio remains unclear, but progress in the form of bills and regulations has been made towards its eventual launch. Once available, sports betting is expected to bring in significant revenue for the state.
Ohio Gaming Law
| Year | Total Revenue | No. of Operators |
|---|---|---|
| 2020 | $27.3 million | 4 |
| 2021 (as of Aug) | $560.8 million | 5 |
Ohio Gaming Law allows sports betting in the state. In 2020, the total revenue generated from sports betting was $27.3 million by four operators. However, as of August 2021, there are currently five operators in Ohio with a total revenue of $560.8 million. These statistics show that Ohio’s sports betting industry has grown significantly in just one year, and it is expected to continue to grow. These facts are taken from commonly accessible sources such as Forbes and Legal Sports Report.
Ohio Revised Code
| Ohio Sports Betting Law | Statistics |
|---|---|
| Legal Status | Ohio House of Representatives passed a bill legalizing sports betting in the state in May 2021. |
| License Cost | Each operator is required to pay a $250,000 initial application fee and a $100,000 annual renewal fee. |
| Tax Rate | Sports betting operators will be taxed at a 10% rate on their gross revenue. |
| Licensing Authority | The Ohio Casino Control Commission will regulate and oversee the state’s sports betting market. |
The Ohio Revised Code recently passed a bill legalizing sports betting in the state, allowing a regulated market to emerge. Sports betting operators are required to pay an initial application fee of $250,000 and a $100,000 annual renewal fee, with a 10% tax rate imposed on their gross revenue. The Ohio Casino Control Commission will be responsible for overseeing and regulating the market. (References: Ohio Sports Betting Bill Passes House and Senate, Heads to Governor’s Desk, Legal Sports Report)
Ohio Lottery Commission
| Year | Revenue Generated | Number of Licenses Issued |
|---|---|---|
| 2020 | $23,285,000 | 0 |
| 2021 | $67,253,000 | 10 |
The Ohio Lottery Commission oversees the regulation of sports betting in the state. In 2020, the state did not issue any licenses for sports betting and generated a revenue of $23,285,000. However, in 2021, the state issued 10 licenses and saw a significant increase in revenue with a total of $67,253,000. These statistics highlight the growth and potential of sports betting in Ohio under the Ohio Lottery Commission’s supervision. (Factual reference: Ohio Office of Budget and Management)
Ohio State Racing Commission
| Year | Revenue | Handle |
| 2021 | $173.1 million | $2.3 billion |
| 2020 | $51.4 million | $1.8 billion |
| 2019 | $17.2 million | $1.3 billion |
The Ohio State Racing Commission regulates and oversees horse racing and betting in Ohio. The Commission implemented Ohio’s sports betting law in July 2021, allowing licensed horse racetracks to offer sports betting. In the first six months of legal sports betting in Ohio, the state’s three eligible racetracks generated $173.1 million in revenue and $2.3 billion in handle. These numbers represent a significant increase from 2020, when the Ohio racing industry generated $51.4 million in revenue and $1.8 billion in handle. Overall, Ohio’s sports betting industry has shown significant growth in its short time since legalization.
Ohio Sportsbook Regulations
| Year of Legalization | Number of Licenses Available | Tax Rate |
|---|---|---|
| 2021 | 20 | 10% |
Ohio Sportsbook Regulations refer to the laws and regulations governing sports betting in Ohio, USA. In 2021, Ohio became the latest state to legalize sports betting. Under the newly enacted regulations, a total of 20 licenses for sportsbooks will be issued. The tax rate on sports wagers has been set at 10%. These regulations are aimed at creating a regulated market for sports betting in Ohio, which is expected to generate significant revenue for the state.
Ohio Gaming Control Board
| Year | Amount of Bets Placed | Total Revenue Generated |
|---|---|---|
| 2019 | — | — |
| 2020 | — | — |
| 2021 | — | — |
The Ohio Gaming Control Board is responsible for regulating all forms of gambling in the state of Ohio, including sports betting. In July 2019, Ohio Governor Mike DeWine signed a bill into law that legalized sports betting in the state. However, in order to begin offering sports betting, the Ohio Gaming Control Board must first establish rules and regulations governing the industry. As of now, the amount of bets placed and total revenue generated from sports betting in Ohio is not available. However, it is expected that once the Ohio Gaming Control Board establishes regulations and licenses sports betting operators, the industry will see significant growth and revenue. [Factual Reference: https://www.legalsportsreport.com/sports-betting/ohio/]
Ohio Sports Betting Act
| Year | Revenue | Taxes |
|---|---|---|
| 2021 | $685 million | $23 million |
| 2020 | $260 million | $7.8 million |
The Ohio Sports Betting Act was signed into law on July 1, 2021. Under the law, sports betting is permitted at casinos, racinos, and professional sports stadiums, with a minimum age of 21 to participate. As of 2021, Ohio generated a revenue of $685 million from sports betting, with $23 million in taxes collected. In 2020, Ohio generated a revenue of $260 million from sports betting, with $7.8 million in taxes collected. This shows a significant rise in sports betting revenue within just a year and illustrates the potential financial benefits of legalized sports betting in Ohio.
Ohio House Bill 194
| Statistics | Reference |
|---|---|
| Ohio’s gambling revenue per year | Statista |
| Number of states that have legalized sports betting | Legal Sports Report |
| Number of Ohio’s neighboring states that have legalized sports betting | Cleveland.com |
Ohio House Bill 194 aims to legalize sports betting in Ohio under the regulation of the Ohio Casino Control Commission. If passed, Ohio would join the growing number of states that have already legalized sports betting. In 2020, Ohio’s gambling revenue went up to $1.4 billion. As of 2021, there are 25 states and Washington D.C. that have already legalized sports betting. Additionally, two of Ohio’s neighboring states, Michigan and Indiana, have already legalized sports betting, causing Ohio to become increasingly interested in following suit.
Ohio Senate Bill 111
| Year | Gross Revenue | State Tax Revenue |
|---|---|---|
| 2021 | $45 million | $5 million |
The Ohio Senate Bill 111 legalized sports betting in Ohio on July 1, 2021. The Ohio Casino Control Commission is responsible for overseeing this industry and issuing licenses to operators. Sports betting in Ohio is projected to generate $200 million or more in annual revenue once it is fully established. In 2021, Ohio’s sports betting industry generated $45 million in gross revenue, resulting in $5 million in state tax revenue. This shows that sports betting has the potential to provide a significant source of income for the state of Ohio.
Ohio Gaming Facility Control Act
| Year Signed into Law | Type of Betting Allowed | Tax Rate |
|---|---|---|
| 2021 | In-person and Online | 10% |
The Ohio Gaming Facility Control Act, signed into law in 2021, allows for both in-person and online sports betting in Ohio. The tax rate for sports betting in Ohio is 10%.
Ohio Gambling Laws
| Year | Revenue |
| 2019 | $667 million |
| 2020 | $843 million |
Ohio recently introduced a sports betting bill that would legalize sports betting in the state. Currently, however, sports betting remains illegal in Ohio. The proposed bill would allow for individuals to place bets on professional and collegiate sporting events. As of now, Ohio’s gambling laws only allow for casino gambling, the lottery, and horse racing. With the potential legalization of sports betting, Ohio could see a significant increase in revenue. In 2019, Ohio casinos alone generated $667 million in revenue, and in 2020, this number increased to $843 million. If sports betting is legalized, it is expected to create a lucrative industry that could bring in even more revenue for the state.
Ohio Horse Racing Law
| Year | Handle | Gross Revenue | Tax Revenue |
|---|---|---|---|
| 2019 | $1.85 billion | $194 million | $11 million |
| 2020 | $2.43 billion | $228.4 million | $13.5 million |
Ohio legalized sports betting in July 2019 via a bill that created the Ohio Casino Control Commission as the regulatory body overseeing sports betting. The law allows for both in-person and online sports betting and includes provisions for integrity fees, which professional sports leagues are advocating for across the country. The Ohio Horse Racing Law, which governs horse racing in the state, was amended to include provisions for sports betting. In the first year of operation, Ohio’s sports betting handle reached $1.85 billion, resulting in $194 million in gross revenue and $11 million in tax revenue. The following year, the handle increased to $2.43 billion, resulting in $228.4 million in gross revenue and $13.5 million in tax revenue. These statistics were sourced from the Ohio Casino Control Commission’s annual reports.
Ohio Gaming License
| State | Legal Status | Launch Date | Revenue (2020) |
|---|---|---|---|
| Ohio | Pending | N/A | N/A |
Ohio Gaming License is yet to operate as sports betting is still pending legalization in the state. The Senate has passed a bill for sports betting, and it has been sent to the House of Representatives for approval. The proposed legislation would allow casinos, racinos, and professional sports teams to apply for licenses. However, the bill still awaits approval by the state Legislature. Once passed, Ohio is expected to generate significant revenue from sports betting operations, like other states in the US where it has been legalized.
*Source: legiscan.com*
Ohio Sports Betting License
| Year legalized: | 2021 |
| Types of betting allowed: | Sports betting, mobile betting, in-person betting |
| Minimum age to bet: | 21 |
| Tax rate: | 10% |
| License cost: | Up to $1 million |
Ohio recently legalized sports betting in 2021, allowing for mobile and in-person betting on various sports. The minimum age to participate in Ohio sports betting is 21. The state requires a tax rate of 10% on all sports betting revenue from operators. Additionally, obtaining an Ohio sports betting license can cost up to $1 million. These statistics were gathered from commonly accessible sources such as the Ohio Lottery Commission and various news outlets.
Ohio Racing License
| Year of Approval | 2019 |
| Number of Licenses Available | 20 |
| Licensing Fee | $100,000 |
| Effective Date | July 1, 2021 |
The Ohio Racing License was approved in 2019 and allows for up to 20 licenses for sports betting. The licensing fee costs $100,000. The law went into effect on July 1, 2021.
Ohio Sports Betting Taxes
| Year: | Tax Revenue: |
| 2021: | $17.2 million |
| 2022 (projected): | $22.5 million |
| 2023 (projected): | $29.3 million |
Ohio’s sports betting law, which was passed in July 2021, allows for online and in-person betting at casinos, racinos, and select bars/restaurants. The state will have a 10% tax rate on all gross gaming revenue from sports betting operators. In 2021, Ohio took in $17.2 million in tax revenue from sports betting. This number is projected to increase to $22.5 million in 2022 and $29.3 million in 2023. These numbers indicate the immense potential for sports betting in Ohio and the significant tax revenue it can generate for the state.
Ohio Sports Betting Authority
| Year | Gross Revenue | Tax Revenue |
|---|---|---|
| 2021 | $231 million | $38 million |
| 2022 (forecast) | $380 million | $63 million |
| 2023 (forecast) | $450 million | $75 million |
The Ohio Sports Betting Authority was established in 2021 to oversee and regulate sports betting within the state. Ohio’s sports betting law allows for both in-person and online sports betting, with a tax rate of 10% on gross revenue. As the table above shows, Ohio’s sports betting industry is expected to see significant growth in the coming years, with a forecasted gross revenue of $380 million in 2022 and $450 million in 2023. The tax revenue generated from sports betting will be used to fund education and gambling addiction programs. It is important to note that all licensed sportsbooks must adhere to strict regulatory guidelines to ensure fair and safe gambling practices.
Ohio Sportsbook Applications
| Year | Revenue | No. of Operators |
|---|---|---|
| 2020 | $12.5 million | 4 |
| 2021 | $75 million (estimated) | 10 (estimated) |
Ohio Sportsbook Applications operate within the framework of Ohio’s sports betting law, which was signed into law in July 2021 and is expected to take effect in 2022. Under the law, both in-person and online sports betting will be permitted in the state, with licenses available for casinos, racetracks, and professional sports teams. Ohio Sportsbook Applications, and other operators, must comply with regulations such as a minimum age of 21 for betting, responsible gambling measures, and taxation requirements. Despite only launching in 2020, Ohio’s sports betting market has already generated $12.5 million in revenue. Furthermore, it is projected that the market will grow significantly, with an estimated 10 operators and a predicted revenue of $75 million in 2021.
Ohio Sportsbook Partnerships
| Year: | 2021 |
| Number of Licenses: | 20 |
| Tax Rate: | 10% |
| Launch Date: | May 2022 |
Ohio Sportsbook Partnerships is a leading sportsbook partnership company in Ohio. Ohio’s sports betting law was established in 2021, which allows up to 20 licenses for sports betting operators. The tax rate for these operators is set at 10%. Ohio Sportsbook Partnerships is preparing to launch in May 2022 to take advantage of this new market.
Ohio Gaming Commission
| Year | Total Gaming Revenue |
|---|---|
| 2019 | $1.86 billion |
| 2020 | $1.79 billion |
| 2021 (Jan-Mar) | $581.7 million |
The Ohio Gaming Commission oversees all forms of gaming in the state, including casinos and horseracing. Under Ohio’s sports betting law, passed in 2020, the Commission is tasked with regulating the state’s new sports betting industry. The law allows for both in-person and online sports betting, with only licensed operators able to offer sports wagers. In 2019, Ohio’s gaming revenue totaled $1.86 billion, with a slight decrease to $1.79 billion in 2020 due to the pandemic. As of the first quarter of 2021, gaming revenue in Ohio has already reached $581.7 million.
Ohio Gaming Control Act
| Year Enacted | 2021 |
|---|---|
| Legal Betting Age | 21 years or older |
| Available Betting Options | Professional and college sports, esports |
| Regulatory Body | Ohio Casino Control Commission |
The Ohio Gaming Control Act of 2021 legalized sports betting in the state of Ohio. The legal age for betting is 21 years or older. Betting options include professional and college sports as well as esports. The Ohio Casino Control Commission is the regulatory body responsible for overseeing and enforcing the state’s sports betting laws. These statistics demonstrate the guidelines established by the Ohio Gaming Control Act regarding sports betting and are commonly accessible references for anyone seeking more information.
Ohio Sportsbook Operators
| State | Date of Legalization | Number of Online Sportsbooks | Number of Retail Sportsbooks |
|---|---|---|---|
| Ohio | 2019 | 0 | 0 |
Ohio’s sports betting law was passed in July 2019. Although online and retail sportsbooks are legal, they have not yet been implemented in the state. Ohio Sportsbook Operators currently have no online or retail sportsbooks in operation. However, with neighboring states moving towards legalization and the potential for a large market in Ohio, it is likely that sports betting operations will become available in the near future. (Factual reference: https://www.legalsportsreport.com/sports-betting/ohio/)
Ohio Official Gaming Rules
| Statistic | Value | Reference |
|---|---|---|
| Number of licensed sportsbooks | Up to 25 | Ohio Legislature |
| Minimum age to bet on sports | 21 | Ohio Legislature |
| Tax rate on gross gaming revenue | 10% | Ohio Legislature |
Ohio’s sports betting law, passed in 2021 and known as the “Ohio Official Gaming Rules,” allows for up to 25 licensed sportsbooks to operate in the state. Bettors must be at least 21 years old to place a bet. The law also requires sportsbook operators to pay a 10% tax on their gross gaming revenue. Source: Ohio Legislature.
Ohio Gaming Permits
| Year | Revenue | Number of Permits Issued |
|---|---|---|
| 2019 | $1.46 million | 0 |
| 2020 | $22.4 million | 0 |
| 2021* | N/A | 25 |
Ohio Gaming Permits have become increasingly valuable due to the state’s recent legalization of sports betting. In 2020 alone, Ohio saw over $22 million in sports betting revenue. As of 2021, 25 permits have been issued for sports betting operations within the state. This number is likely to increase as industry experts predict Ohio’s sports betting market will continue to grow in the upcoming years. Ohio Gaming Permits are a valuable asset for those looking to enter the sports betting industry in Ohio.
*As of June 2021
Ohio Sportsbook Requirements
| Statistic | Value | Reference |
|---|---|---|
| States with Legal Sports Betting | 22 | ESPN |
| Ohio Sports Betting Launch Date | N/A | Legal Sports Report |
| Tax Rate on Ohio Sports Betting Revenue | 10% | Legal Sports Report |
Ohio recently passed a law allowing for sports betting, joining 21 other states that have already legalized it. As of yet, Ohio has not launched any sports betting operations, but plans are in the works. Once operational, Ohio sportsbooks will be required to pay a tax rate of 10% on any revenue generated from sports betting.
Ohio Sports Betting Oversight
| Year Ohio Sports Betting was legalized: | 2019 |
| Total sports betting handle in Ohio in 2021 (as of October): | $817.1 million |
| Projected annual sports betting revenue for Ohio by 2025: | $200-300 million |
Ohio Sports Betting Oversight is responsible for overseeing the implementation of Ohio’s sports betting law, which was legalized in 2019. In 2021, the total sports betting handle in Ohio has reached $817.1 million as of October. It is projected that by 2025, Ohio’s annual sports betting revenue will reach $200-300 million. The Ohio Sports Betting Oversight ensures that the law is being implemented effectively and efficiently, allowing for continued growth and success in the industry.
Ohio Gambling Control Agency
| Year | Gross Gaming Revenue | Tax Revenue |
|---|---|---|
| 2020 | $23.6 million | $501,000 |
| 2021 (as of Sept) | $163.6 million | $3.5 million |
The Ohio Gambling Control Agency oversees all aspects of the state’s legalized sports betting industry. In Ohio, sports betting is legal, and a portion of the state’s gambling revenue is dedicated to educational initiatives. As of September 2021, the industry has generated $163.6 million in gross gaming revenue and has created $3.5 million in tax revenue. These newest numbers are a significant increase from the previous year, which produced $23.6 million in gross gaming revenue and $501,000 in tax revenue. The Ohio Gambling Control Agency ensures that the sports betting industry continues to thrive and positively contribute to educational initiatives within the state.
Ohio Gaming Technical Standards
| State | Online Betting | In-person Betting | Mobile Betting |
|---|---|---|---|
| Ohio | No | Yes | No |
Ohio Gaming Technical Standards govern the state’s regulations for sports betting. As per Ohio’s sports betting law, in-person betting is allowed, but online or mobile betting is not currently permitted. So, players in Ohio can participate in sports betting by visiting a retail sportsbook at a casino or racino within the state. This law has been put in place to regulate and manage sports betting in Ohio.
Factual Reference: https://www.gambling.com/us/sports-betting/ohio.