Ohio prepares to hand out sports betting licenses

Ohio prepares to hand out sports betting licenses

Sports betting is getting closer and closer in Ohio. 

On Wednesday, the Ohio Casino Control Commission began accepting applications for three types of sports betting licenses.

This process is part of the schedule that has January 1, 2023, as the official launch date for the entire state of retail and online sports betting.

This first application window will run from June 15 to July 15.

The three types of licenses available

One of the available licenses is for online gambling, with apps costing $150,000 each.

The other license is for land-based casino-style betting operations, or retail sportsbooks, with an application fee of $20,000 each.

Finally, the third license is for the companies that will operate the sports betting kiosks that will appear in certain businesses with a liquor license, such as bars, restaurants, and bowling alleys.

The commission estimated that approximately 3,000 license applications would be filed during this period.

  In a statement that this launch marks the most significant game expansion in Ohio history and the “largest simultaneous expansion in the history of sports game launches in the United States.”

He also explained that the date was chosen to give all interested parties time to begin offering sports betting on the same date, including businesses looking to offer online and retail options and kiosks in bars and taverns across Ohio.

 In other words, they want to achieve a joint launch where bettors can choose the option that best suits their needs.

Ohio Gambling Law

In the Ohio legislature in December passed House Bill 29, legalizing sports betting in the state. Governor Mike DeWine signed it on December 22.

Some had hoped that sports betting would be available in time for the start of the NFL season, scheduled for September 8, 2022.

But finally, the law dictates that sports betting must start on January 1.

The legislation limits the number of online betting providers and physical sports betting locations.

 Sportsbooks will generally only be allowed in the most populous counties, with Cuyahoga County allowed to have up to five of the statewide maximum of 40.

Some locations, which will feature partnerships between the Cleveland Cavaliers and Caesars Entertainment at Rocket Mortgage Fieldhouse, are pending state regulatory approval.

In April, the NFL’s AFC North division team, the Cleveland Browns, entered into a new multifaceted partnership with Bally’s Interactive, a division of gaming giant Bally’s Corp., prior to the launch of sports betting in Ohio.

What’s in the deal?

The multi-year partnership includes plans to open a sports book on the street level of the Cavaliers’ Rocket Mortgage Fieldhouse.

 The sportsbook will be inside the Northwest Atrium.

“We are ready to welcome Ohio sports fans to Caesars Sportsbook Empire as we make history with our second sports bet in an NBA arena,” said Chris Holdren, co-president of Caesars Digital, in a statement.

 Building on our already established roots with Scioto Downs in Columbus, we are excited to announce our partnership with the Cavaliers at an exciting time in their franchise history.”

“As we prepare to launch sports betting in Ohio later this year, this extensive partnership allows us to connect with the Cavs’ passionate and highly engaged fan base.

 Caesars Sportsbook at Rocket Mortgage FieldHouse will be a world-class venue that provides an exciting environment for sports betting and much more.”

Caesars Sportsbook at Rocket Mortage FieldHouse will feature cash wagering windows, mix and match personalized VIP and hospitality experiences for Caesars Rewards members, and on-site activations throughout the year.

The approximately 10,365-square-foot venue will include a full-service bar, VIP lounge, extensive menu, and wall-to-wall televisions. Both Caesars and the Cavaliers will cover the costs of the renovations.

Caesars sportsbook will be open year-round at the Rocket Mortgage FieldHouse,

Lots of interest in the Ohio market

The Ohio Lottery Commission, another agency that sets state sports betting regulations, has already received applications from companies interested in offering sports betting options. 

The Lottery reports that so far has approved 555 of them, including 13 in Cleveland. 

But the applications still require another level of approval from the Casino Control Commission.

If you are looking for a provider of sports betting solutions that can DOMINATE the market, VIP Per Head is the company for you. 

With its extensive tool and platform suite, VIP Per Head is one of the best providers of services available.

Default image
VIP Pay Per Head
Articles: 112

Leave a Reply