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Sports Betting Legal in Ohio

Client Alert
January 18, 2022

Ohio has made sports betting legal with Governor DeWine signing House Bill 29 into law on December 22, 2021. The Casino Control Commission will regulate sports betting in Ohio and estimates that the launch date for sports betting will be January 1, 2023.

The new law allows for bars, restaurants, casinos, stadiums and sports teams to apply for sports gambling licenses. The Ohio Legislative Service Commission estimated that sports betting will yield more than $3.35 billion in revenue per year by the end of the decade. A 10 percent tax on net revenue will be put in place with approximately 98 percent of the tax proceeds going towards school funding and the remaining 2 percent problem gambling assistance.

There are three different types of sports gaming licenses: Types A, B and C. Type A licenses are for online sports betting. Type A license holders must also hold a Type B license or have a place of operation in Ohio. Type B licenses are brick and mortar sportsbooks. Type C licenses are for sports gaming lottery self-service or clerk staffed terminals. 

Applications will be drafted alongside the rulemaking process which will be commencing shortly. The Casino Control Commission estimates that the application process will take place in Summer/Fall of 2022. 

Please contact Victoria L. Ferrise (VLFerrise@bmdllc.com, (330) 374-5184) for additional information and assistance.

sports bettingGovernor Mike DeWinecasinogambling
Client Alert

Ohio Loan Programs to Boost Minority-Owned Businesses

January 26, 2022Ohio has created two new loan programs to enhance growth of minority and women owned businesses in Ohio. The Ohio 2022-2023 operating budget includes the Women’s Business Enterprise Loan Program and Ohio Micro-Loan Program.Client Alert

Supreme Court Upholds CMS Vaccination Mandate for Health Care Providers

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Federal and Ohio Laws on Surprise Billing

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New Year, New Laws, Old Form Documents? Exhibit A: Changes in Florida’s Real Estate Contracts

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Banking and Cannabis: Is it Legal

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