Why New Ohio Sports activities Betting Invoice Solely Affords One On-line Pores and skin

New details of the Ohio The Senate’s proposal on sports betting leaves some uncertainty about the potential for legalization this year.

The biggest change included Sens. John Eklund and Sean O’Brien Trim the skins (or brands) that are allowed per casino license to only one. As Eklund explains to LSR, this change could save the odds for legalized sports betting in Ohio:

“I hear from people – consent from whom is pretty important to get something done – that the wide, widespread distribution of this material is unfavorable and the kind of wade-in, test-the-water, let’s see how – it-go approach is more appropriate.

“I’m trying to get an invoice, you know what I mean? And I’m not trying to do anything that would make people sink the whole operation against us. “

The first official steps of the SB 111 Replacement will come on Tuesday Review Committee of the Senate and the Agency To meet.

“Little Time” to Negotiate Sports Betting in Ohio

Ohio lawmakers run through the end of the year but could really close this week. This means that there is not much time left for negotiations with a new draft law that has to pass both chambers.

“Well, to be honest, there is little time left, right?” Eklund said when asked if details were open to negotiation. “And I guess my sense of that [interested parties in the House] is that everyone wants to do something responsible.

“And that can mean that everyone is equally miserable.”

Perhaps miserable, but at least when sports betting is legalized and taxpayers’ money stays in Ohio instead of flowing into neighboring states with legal sports betting:

Eklund said he believed both HB 194 Sponsors, Representative Dave Greenspan and Brigid Kelly, support the changes.

“My sense is yes, they are square for legalizing and regulating sports games in Ohio, and for the most part, I think – well, they might not agree with every Jot and Tittle, but that’s the nature of the beast,” Eklund said.

Several changes from the last draft

Last week, Eklund toned down many of the changes being made to the replacement SB 111. Most sound significantly different from what was discussed and proposed in a replacement draft for HB 194 in September:

  • A skin for them 11 licensees compared to three Skins. The three suggested skins were eventually lowered to two Skins in a later draft of HB 194.
  • Casinos and Racinos would pay a $ 200,000 Registration fee and $ 200,000 For a three years License versus a $ 100,000 Registration fee and $ 100,000 For a five years License for casinos and racinos. The whole $ 400,000 is due on renewal in replacement SB 111 instead of just $ 100,000.
  • Sports betting operators would pay a $ 50,000 Registration fee and $ 500,000 License fee compared to a $ 10,000 for management service providers with $ 1,000 annual renewal

Important elements that remain unchanged are the 8th% Tax on sports betting income that Casino Control Commission serves as regulatory authority and No. official league dates Mandate.

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