Ohio Sports Betting to Begin January 1, 2023
After a long three-year stretch to bring Ohio sports betting to the finish line, an industry start date has finally been announced. Buckeye State, the seventh most populous state in the United States, will allow sports betting to officially open on January 1, 2023. After several false starts along the way, House Bill 29 will be implemented.
House Bill 29 was signed last December, sports betting is still not legal in Ohio. Although some lawmakers hoped the industry might start taking bets sooner, the Ohio Casino Control Commission Executive Director Matt Schuler said the Jan. 1, 2023 start date would be needed as the state continues preparations for launch.
This extended schedule is a disappointment for operators hoping to capitalize on the upcoming 2022 NFL season. According to an analysis by PlayOhio.com. approximately $1 billion in lost bets on teams like the Ohio State University Buckeyes, Cincinnati Bengals and Cleveland Browns.
The launch of sports betting in Ohio ends a years-long process to legalize sports betting in the state following the US Supreme Court’s decision to overturn a 2018 federal ban on sports gambling .
Although it is unclear which sportsbooks will obtain the necessary licenses to operate in Ohio, the application period for Ohio sportsbook licensees is expected to begin shortly.
The Ohio Casino Control Commission is expected to make final versions of applications available on June 1, 2022, while the first application window for Type A, B and C owners, early MSPs, MSPs and Designated Providers can begin submitting applications to the Commission of here on June 15, 2022. The first application window for the aforementioned groups ends on July 15.
While there are no officially sanctioned sportsbooks in Ohio, expect the usual big brand operators to be in contention, such as FanDuel, DraftKings, BetMGM, Caesars, Fubo, Unibet, Tipico and Bally Bet.