• About Us
  • Advertise
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • Team
Wednesday, March 29, 2023
  • Login
Casino Times
  • Betting
  • Casino
  • Gambling
  • Gaming
  • Poker
  • Sports
  • Review
    • Bovada
    • BC.Game
    • Duelbits
    • Vave
No Result
View All Result
  • Betting
  • Casino
  • Gambling
  • Gaming
  • Poker
  • Sports
  • Review
    • Bovada
    • BC.Game
    • Duelbits
    • Vave
No Result
View All Result
Casino Times
No Result
View All Result

Ohio to issue 40 Sports Betting License under the Gaming Bill

Jackson Daniel by Jackson Daniel
May 7, 2021
in Betting
0
Ohio to issue 40 Sports Betting License under the Gaming Bill

On Thursday, Ohio senators proposed offering 40 three-year licenses of sports betting costing $1 million. Out of 40, 20 licenses will allow applicants who can bet on 11 Ohio casinos and racinos. Moreover, they can partner with online and mobile app betting sites.

Senate Bill 176 will create 20 licenses, which will be called the type B to use for in-person sports betting. The prop bets allow fans to bet on the result from the game at the length of the National Anthem.

If the location needs to practice in-person and online betting, owners will have to use two licenses. According to the bill, the entity will not have any right to hold more than five licenses for online betting. Similarly, professional sports teams in Ohio won’t be guaranteed to receive the permit but can apply only for one.

Senate Kirk Schuring also mentioned that the PGA Tour Memorial Tournament and teams had requested their licenses to create entertainment to bet.

The team, in its statement, said that their coalition members have been producing games that allow betting. Our business must carry a fair market for those who bet using mobile and offline. No sports betting is possible without playing sports.

Under this new Senate bill, the Ohio Casino Control Commission will control the casino betting industry. All the incomes coming from betting will be going towards public and private schools, and 2% in gaming addiction problems. Similarly, the license fees will be distributed.

However, Schuring, who drafted the bill, isn’t sure how much earning Ohio State will bring. According to the senate, it is not about the revenue generation but is about illegal things happening around Ohio sports betting. So they want to put a halt to it.

With this proposed bill, Ohioans will be able to bet and earn on collegiate sports. However, the decision on teams’ eligibility will be undertaken by the Ohio Casino Control Commission.

Meanwhile, the Inter-University Council of Ohio, representing the state’s 14 public universities, asked senators to exempt all its collegiate sports from betting grounds in Ohio.

This bill and other changes will be in effect after Jan 1, 2022, giving Ohioans enough time.

Previous Post

Fred Whitfield and NBA Celebrities Urge Lawmakers to Legalize Sports Gambling

Next Post

Alejandro Jauregui wins a cash prize of $140,665 at MSPT Sycuan Casino

Next Post
Alejandro Jauregui wins a cash prize of $140,665 at MSPT Sycuan Casino

Alejandro Jauregui wins a cash prize of $140,665 at MSPT Sycuan Casino

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

FAQs on Crypto Casinos

FAQs on Crypto Casinos – All You Need to Know

by Clinton Pritchard
March 21, 2022
0

Introduction In 2020, social distancing and public lockdowns had closed the doors of several casino establishments around the world. Professional...

NEWSPlaytech and FashionTV Gaming Group Partner to Launch the First-Ever Branded FashionTV Jackpot Baccarat

NEWSPlaytech and FashionTV Gaming Group Partner to Launch the First-Ever Branded FashionTV Jackpot Baccarat

by Clinton Pritchard
January 19, 2022
0

The leading gambling company of the world known as Playtech has made an announcement about the launch of the new...

California's Next Big Sports Betting Election Battle

California’s Next Big Sports Betting Election Battle

by Derek Joyner
January 19, 2022
0

States like Ohio legalized online betting soon before Christmas, and New York approved it shortly after Election Day in 2021....

UK Authorities Have Proposed Combining Cryptocurrency Regulation with Betting Review

UK Authorities Have Proposed Combining Cryptocurrency Regulation with Betting Review

by Gary Bradley
January 6, 2022
0

The administration has been making rapid progress in the area of cryptocurrency. It removed cryptocurrency advertisements from the metro system...

Casino Times

Address: 44 Newhall Street Birmingham B3 3PN
Email: contact@casinotimes.news

Category

  • Betting
  • Casino
  • Gambling
  • Gaming
  • Poker
  • Sports

Recent Post

  • FAQs on Crypto Casinos – All You Need to Know March 21, 2022
  • NEWSPlaytech and FashionTV Gaming Group Partner to Launch the First-Ever Branded FashionTV Jackpot Baccarat January 19, 2022
  • California’s Next Big Sports Betting Election Battle January 19, 2022
  • About Us
  • Advertise
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • Team

Copyright © 2023. Casino Times.News. All Rights Reserved.

No Result
View All Result
  • Betting
  • Casino
  • Gambling
  • Gaming
  • Poker
  • Sports
  • Review
    • Bovada
    • BC.Game
    • Duelbits
    • Vave

Copyright © 2023. Casino Times.News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In