Ohio’s sports betting market is gearing up to be a vast one as the Ohio Casino Control Commission (OCCC) approves even more licenses. The OCCC approved 300 betting kiosks during a meeting Wednesday. Ohio also has local casinos and racinos to add to the growing list of approved licenses.
How Many Ohio Sportsbooks Will There Be?
The full list of sports betting licenses approved in Ohio can be found here. The Buckeye State will see sportsbooks issued to professional teams as well as local bars and restaurants.
The OCCC also recently approved two casinos JACK Cleveland Casino and Hollywood Casino Toledo which received Type A and Type B licenses. These operators also saw approvals of their racinos in JACK Thistledown Racino and Hollywood Gaming at Mahoning Valley Racino.
The Cleveland Browns and Cincinnati Reds became the first local sports teams to be approved with the likes of the Cleveland Cavaliers, Cincinnati Bengals, and Columbus Blue Jackets all having applications still pending.
What The Ohio Betting Market Will Look Like
The sports betting market in Ohio will have more betting options than its neighboring states. Multiple online sportsbooks, local casinos, racinos, betting kiosks, and even sportsbooks in team stadiums will be accessible once Ohio goes live.
The OCC is constantly approving more betting licenses in the weeks leading up to the launch. In total, 500 sports betting licenses have been approved by the OCCC including mobile, retail, and Kiosk sportsbooks in Ohio.
The Buckeye State is home to 77 NCAA D1 collegiate teams and nine professional teams. This includes two NFL teams, two MLB teams, and two MLS teams.
Ohio’s rich sports history and strong local fanbase will surely turn the Buckeye State into a thriving betting market once live. Potential billions in betting within the first few months are not out of the question for Ohio.
According to the American Gaming Association (AGA), the economic impact of gambling in Ohio is $3.61 billion with a $1.12 billion tax implication. 2021 saw gross gaming revenue hit $2.31 billion. This was all done without sportsbooks being live.
Ohio’s gaming revenue will surely skyrocket with the addition of legal sportsbooks added to the wagering pool.