Sports Betting in Ohio (2023)
Learn how to bet on sports online in Ohio, and compare the best legal OH online sportsbooks for 2023 below.
Best Online Sportsbooks in OH (2023)
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Online Sports Betting in Ohio
Sports betting in the Buckeye state is expected to launch in January 2023. The state of Ohio is currently in the process of completing the legislation regarding online sports betting. Governor Mike DeWine has signed the bill, and a regulatory framework is all that is left to establish regarding the new market. Currently, punters can only wager on horse racing.
The Casino Control Commission would begin accepting applications from gambling operators in June. There is a good chance of sports betting going live during the NFL season, but all hands are crossed for Jan 1, 2023. Additionally, sports betting is predicted to generate over $1.1 billion when it launches, and subsequently, this revenue would go up to $3.3 billion.
In this betting guide, we'll be discussing the current situation of sports betting in Ohio. There will also be an FAQ section where we will meet your crucial concerns with the most efficient solutions.
Laws Governing Sports Betting in Ohio
The journey to legal sports betting in Ohio began after the Supreme Court ruled that the Professional and Amateur Sports Protection Act (PASPA) is unconstitutional. This decision gave the state of Ohio the ability to decide on its own sports betting laws.
However, the initial attempts to legalize sports betting in Ohio failed until 2021, when state Senator Kirk Schuring introduced a bill eventually signed into law by the Governor of Ohio, Mike DeWine.
However, here is a concise view of what the Ohio sports betting law means;
- The state would provide a three-tiered system to license betting outlets. Type A is restricted to online apps, with a maximum of 25. Type B is set for retail facilities, with a limit of 33. Lastly, Type C provides a license to facilities with a liquor license to offer betting services via kiosks.
- The betting Bill gives the Ohio Casino Control Commission charge of licensing and regulation of prospective betting websites.
- The tax rate is set at 10% on sports betting revenue.
- Bettors willing to place sports bets should be at least 21 years to access this iGaming product.
- Players must be residents in the state of Ohio at the time they’re wagering.
- Key personnel from college or pro sports teams, including coaches, players, trainers, referees, and other officials, cannot engage in sports betting.
- Bettors must have a valid deposit and withdrawal method
Online Sportsbook to be Launched in Ohio
Online sports betting in Ohio is on the verge of an official launch, given the deadline of January 1st, 2023. However, certain sportsbooks are expected in Ohio in anticipation of its launch.
These sportsbooks would provide a wide range of betting options, including point spread, moneylines, totals, parlays, futures, props, etc. Here we provide you with a brief overview of the top sportsbooks entering the Ohio gambling space.
BetMGM Sportsbook - 9.3/10
This resource is one of the leading brands in the United States of America. They are currently operational in over 18 states in the United States, where online sports betting has been legalized. BetMGM has a wide range of domestic and international sporting events for betting. The website also has a great design and layout. In addition, BetMGM will likely offer new customers a risk-free bet promo when they launch.
BetMGM would be offering new players risk-free bets when they go live in Ohio. Subsequently, regular players would be eligible for other generous rewards, promotions, and a daily selection of Lion’s Boost bets. BetMGM in the Ohio gambling space would make the market more competitive. Another key feature is the live streaming it gives for special events. This peculiarity guarantees that players witness the action first-hand. The platform is safe, reliable, and fun.
Currently, BetMGM owns MGM Northfield Park. This would serve as a landing pad when they begin offering their product online.
DraftKings Sportsbook - 9.3/10
DraftKings sportsbook offers everything a stat-based bettor would want. It also publishes insightful statistical analyses, picks, and predictions. According to public polls, the DraftKings interface is highly rated. Odds, bonuses, and deposit and withdrawal methods are perks that would make this casino operator worth choosing.
DraftKings sportsbook is arguably one of the best online sportsbooks in the United States of America. It offers a modern app with a wide range of betting options and instantly updated lines. It also provides a promo of a $1000 deposit bonus upon registration, and it is popular in many states in the USA. In addition, the website is easy to navigate, with a routine odds boost and lots of gaming options.
DraftKings would not be new to Ohio bettors. The sportsbook operator has already made a mark in the Buckeye State by offering Daily Fantasy Sports. DraftKings also has the record of being the first to launch in a new betting state. However, the operator had a fallout with Kambi and would need a new partner when sports betting goes live.
FanDuel Sportsbook - 9.1/10
Like the popular DraftKings, FanDuel also has a great track record in the DFS industry, delivering quality gambling products. When sports betting rolls out in Ohio, they would also be offering their betting products. The sportsbook is known for making aggressive moves toward expanding its reach.
Fact is, FanDuel offers one of the best returns and value lines. The operators’ competitive odds and betting markets make it one of the best additions to the new gambling market.
The bookie offers a risk-free bet welcome offer when it goes live. However, it also requires a minimum deposit of $5 and a rollover requirement of 1x.
The FanDuel sportsbook app is also available on mobile devices, such as IOS and Android devices. The FanDuel app has been online since 2018 and is currently legal in 15 states. The withdrawal time is also impressive and ranges from instantly to 7 days.
Caesars Sportsbook - 9.1/10
Caesars sportsbook is a hybrid of two major brands, Caesars and William Hill. This collaborative effort has given the Caesars brand a fighting chance in the United States. Caesars sportsbook has been online since 2020 but started taking bets over seven decades ago. When betting goes live, you should expect a sportsbook like no other. The brand would be a blend of prestige, quality, and an outstanding reputation.
The bookmarker offers a welcome offer, first bet insurance, and a minimum deposit of as low as $20. In essence, Caesars' sportsbook has the largest welcome bonus in the country. It also offers very generous promotions and a full range of domestic and international sports. In addition, the sportsbook has an app that is mobile-friendly and available for both iOS and Android devices.
Caesars sportsbook has a daily selection of boosted lines and special bets. It has a great user experience via the mobile app and desktop site. It also has very broad betting limits. However, it has little to do with releasing bonus funds, and withdrawals can be slow at certain times, although it usually takes about three days for the funds to be sorted.
PointsBet Sportsbook - 9/10
PointBets Sportsbook would be part of the bookies coming to Ohio next year. The operator is based in Australia but has easily won the hearts of Americans. In addition, there are a variety of perks that speak of its excellence. For instance, customers would experience 24/7 support, live same game parlay, fast payout, licensed, etc.
What makes the PointsBet a great choice is that points can become multipliers. This factor means that issues over or under the total become multipliers applicable to winning bets and losing wagers. In addition, pointsBet sportsbook offers a risk-free bet. Finally, PointsBet's impressive wager or the fixed-odds bet also creates excitement among bettors.
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Robert is responsible for all content on BettingGuide US. Robert previously worked as a poker dealer during his college years at MIT where he studied Computational Science and Engineering. With a great interest in gambling, Robert likes to go in-depth when writing so that you can make a wiser choice when choosing an operator.