The upcoming Ohio sports betting market is heating up! The Ohio Casino Control Commission (OCCC) recently granted five more mobile and three retail sportsbook applicants market access.
With NBA, NFL, and NHL ongoing, Ohio residents will surely have numerous sports to bet on as the industry launches on January 1, 2023.
OCCC Grants New Set of License Approvals
Less than 2 months before legalized sports betting in Ohio finally launch, more sportsbooks obtained approval from Ohio regulators. These include physical sportsbooks in Hard Rock Casino Cincinnati, HOF Village Newco, and Miami Valley Gaming and Racing while Online operations for BetMGM, BetRivers, DraftKings, Hard Rock Digital, and Tipco Sportsbook are also approved by regulators.
They’ll be joining several sportsbooks like FanDuel and Caesars which are already approved last month. Several sportsbooks are already rolling out their early sign-up promotions to get ahead of the competition and more apps are expected to follow the trend soon.
More Online Sportsbooks Coming
The Ohio Casino Control Commission (OCCC) is emphasizing the importance of online sportsbooks in the state. With the Super Bowl just around the corner, they are hoping to have it all approved in time. Online sports betting is expected to be the most popular form of betting and Ohio would like to have as many operators live ahead of the big game.
This may be attributed to several benefits brought by mobile sportsbooks. They are convenient, offer better odds, and have a wider selection of bets than traditional brick-and-mortar sportsbooks. In addition, online sportsbooks are also expected to be subject to higher state taxes due to wider operations, which means more revenue for the state.
Other Ohio Sports Betting Licenses
Aside from online and retail licenses, regulators also approved four supplier licenses, including one for SBTech Malta Limited which focuses on providing geolocation verification services to ensure compliance with Ohio and Federal laws. Another one was granted to SBTech which provides account management services for operators.
International Betting Integrity Association was also approved to compile data to be used by sportsbooks to avoid match-fixing.
Moreover, around 600 sports betting kiosk licenses are still waiting for approval from the commission. The commission already approved more than 800 licenses in the past few months and it is expected to grant more in the last two months of the year.