Updated Ohio Sports Betting Bill Would Permit Esports & Horse Racing Wagers

If online sports betting in Ohio is authorised, state residents will be able to bet on E-sports and horse racing both online and in person.

The Ohio Select Committee on Gaming convened on Wednesday and approved SB 176, a sub-law that updates the state’s sports betting measure. According to Saturday Tradition, the sports betting bill has a June deadline.

Senator Kirk Schuring (R-29) announced the following changes to the bill:

  • Management service providers will pay a non-refundable fee of $500,000 for both Type A and Type B licenses in years two and three. The initial fee for a license is $1 million.
  • The $500,000 non-refundable fees will go towards education and problem gaming.
  • Betting on E-sports will be allowed.
    Betting on horse racing will be allowed through online apps and in sportsbooks.
  • Management service providers may hold two Type A licenses. After having the first for a year, the provider may apply for a second.
  • Betting on events that include participants under the age of 18 will be prohibited.

On Thursday at 10 a.m., the committee reconvened to hear testimony on the measure. An extra meeting has been set on June 15 to consider modifications and hear additional evidence.

Two types of sports betting licences are included in the plan, which was introduced a month ago. State entities with the potential to bank a bet, including as the state’s 11 casinos and racinos, will be granted Type A licences. Future brick-and-mortar sportsbooks will be granted Type B licences. Interested parties will be able to purchase twenty licences of each type. Sports betting revenue will be taxed at a rate of 10 percent.

Both licence categories will allow for collaborations in online sports betting. These partnerships will be determined by the free market, with no special consideration given to any of the parties involved.