Ohio Sports activities Betting Inches Ahead In 10 Minute Listening to
Waiting for a delay Ohio senate The committee was significantly longer than the actual sports betting discussion.
The State and Agency Review Committee heard less than 10 mins the discussion about SB 111. This is mainly because the bill is out of date at this point. Sponsors John Eklund and Sean O’Brien worked with sponsors of updated laws HB 194.
“All I can say at this point is that there is more to come,” said Eklund. “We welcome the opportunity to have another hearing at this point, Chair, because I believe there are some people, some of whom have participated in this exercise that we did last time, boy, I have had for 14 months to hear some very, very important and useful things for the committee. “
What’s next in Ohio?
Legislators have until the end of the year to legalize sports betting in Ohio. If not, the problem will require new sponsors next year. O’Brien and Member of Parliament Dave Greenspan lost the re-election race while Eklund ended his final term.
Failing that, Ohio bettors will likely continue to take their business to their four border states with legal betting:
Negotiations over sports betting in Ohio are ongoing
Eklund mentioned that he and O’Brien could answer questions as long as they “don’t disrupt the delicate process we’re involved in.”
If anything positive came out of the hearing, it was likely O’Brien’s upward trend in chances of legalizing sports betting in Ohio.
“We worked hard, as my joint sponsor said,” said O’Brien. “[We’re] Work across the spectrum and down the line to make sure this is not a forbidden fruit most of all. We’ll make it happen soon. “
The certificate largely supports the draft
Much of the statements submitted for SB 111 support the draft work that Eklund and O’Brien did with HB 194.
Several hopeful Ohio sportsbooks as well as industry lobbyists iDEA growth Submitted support:
- Boyd Gaming
- DraftKings Sports Betting
- FanDuel Sports Betting
- Jack Entertainment
- MGM resorts
- Penn National
Comments included praise for the tax rate, inclusion of mobile betting, and a request for esports betting. Most of the comment on the latest draft of HB 194 has been positive:
“The sponsors’ latest version reflects feedback from all sites and is in line with many other successful sports betting that have been launched across the country, including the Ohio states,” he said Rick Limardo by MGM.
However, not everyone is enthusiastic about change
IDEA growth was disappointed with the decline in suggested online skins two per casino and Racino three::
“An earlier bill included three skins and required sports game agents to sign contracts so Ohio taxpayers could get the full value of a highly competitive market. iDEA Growth supported this draft language and urged lawmakers to approve at least three (3) online skins per item. Based on our internal research and a review of other markets, we believe Ohio can easily support thirty (30) or more online sports betting brands. “
The change would restrict the market to 22nd Operators instead 33.
Other important factors like that 8th% Tax rate and absence of official league dates Mandate remained the same.