Hollywood Gaming at Mahoning Valley is one step closer to obtaining an Ohio Sports Betting license. The casino has scheduled an interview with the Ohio Casino Control Commission (OCCC) on Wednesday, September 7 as part of the Commission’s morning agenda.
Hollywood Gaming Sports Betting Application
Based on the OCCC Sports Gaming License List, Hollywood Gaming applied under Youngstown Real Estate Ventures, LLC for a Type-B Sports Gaming Proprietor License. It partnered with Penn Sports Interactive, LLC (Barstool Sportbook) as its Management Services Provider (MMSP).
It also applied for a Type A license and it seems like Barstool will also be their partner as it actively promotes the partnership through its website. This partnership will allow players to bet on the retail location of Hollywood Gaming or through an app.
Hollywood Gaming at Mahoning Valley is to obtain an Ohio Sports Betting license in order to offer sports betting services at its facility. The casino submitted both license applications last July 14.
Understanding Ohio Sports Betting Licenses
The picture of Ohio’s legal sports wagering industry is starting to come into focus with over two dozen retail and online sports betting operators applying for licenses as well as 1,000 local businesses pre-approved by state authorities.
In Ohio, there are three types of sports betting licenses that can be issued by the OCCC. The first is the Type A license, which is reserved for online sports betting companies. The commission may award 25 of these but may exceed that under certain circumstances.
A Type B sports betting license is for retail operators. There can be 40 retail sports betting sites in the state but the number of retail operators is limited based on the population of a county.
Lastly, a Type C license will be issued to qualified holders of Class D liquor licenses like bars, restaurants, and even grocery chains.
Ohio regulators began accepting applications in June and are currently in the process of evaluating and approving the applications. It already granted 200 Type C sports betting licenses and more applications are expected to be approved as it prepares for the January 2023 launch.
Holders of Ohio sports betting licenses are not only required to pay tax on their gross gaming revenue, but they also have been subject to all regulations released by The Commission. These rules ensure that games played in the Buckeye State will be fair and square with significant benefits for the state as well.
