Pure Win: The Only Casino Site You Need For Indian Gaming Fun – Ohio has legalized sports betting, but it will be a few months before you can place your first bet on the Bearcats and Bobcats or the Cavaliers and Crew.

On Wednesday, Governor Mike DeWine signed into law No. 29, starting with the issuance of a law that allows Ohioans to place bets on pro, college and esports until January 1, 2023.

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“We want to get it up and running as quickly as possible, but we’re building a whole new industry,” Sen said. Kirk Schuring, R-Canton. “We hope to be done sooner (than 2023.)”

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However, according to a presentation by the Ohio Casino Control Commission, it will take several months to create rules and regulations for the new industry. The commission estimates that it will start accepting applications for companies that want to offer sports betting in the summer or fall of 2022.

The law was made in a 2018 ruling by the US Supreme Court that allowed states to set their own rules for sports betting. Ohio follows 32 states and most of its neighbors that have legalized sports betting.

Ohio’s sports betting market is expected to be worth $3.35 billion after several years of operation, according to estimates by the Ohio Legislative Services Commission.

A 10% tax on sports betting revenue could bring in $7 million in the first half of 2023 and $24 million in the first fiscal year, according to this study. Most of that money, 98%, is earmarked for K-12 public and private education. The remaining 2% goes to help with problem gambling.

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Casinos, racinos, sports teams and local bars that want to offer sports betting must pay an application fee that could exceed $10 million statewide in the first few months of the program. . A portion of these fees, 0.5%, will go to help veterans and their families.

“Just because home always wins doesn’t mean public schools always lose,” said Cranley, a Democratic gubernatorial candidate.

He said having the Ohio Lottery Commission oversee the new industry is the right — and constitutional — thing to do.

Schuring, the bill’s chief negotiator, disagreed. “The constitution is silent on sports, pure and simple.

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Those wishing to offer sports betting in Ohio need to apply for a license from the Ohio Casino Control Commission. The five-year license is divided into three types:

Ohio’s eight professional sports teams and two events — NASCAR and PGA — and four casinos and 11 racinos are expected to apply for licenses.

Jessie Balmert is a USA TODAY Network Ohio Bureau reporter serving the Akron Beacon Journal, Enquirer, Columbus Dispatch and 18 other Ohio-affiliated news organizations. Disclaimer: This is content sponsored by Evergreen Media. All views and opinions are those of the advertiser and differ from .

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