n case Ohio online sports betting is approved state gamblers will have the chance to place online and in-person bets on E-sports and horse racing.
The Ohio Select Committee on Gaming met Wednesday and accepted a sub-bill SB 176, which contains updated language for the state’s sports betting bill. June is the deadline set for the sports betting bill, according to Saturday Tradition.
Senator Kirk Schuring (R-29) unveiled the bill’s updates:
The committee met again on Thursday at 10 a.m. to hear testimony on the bill. In addition, an additional meeting has been scheduled for June 15, to take up amendments and to hear additional testimony.
The bill, which was introduced a month ago, includes two types of sports betting licenses. Type A licenses will include state entities that have the ability to bank a bet, such as the state’s 11 casinos and racinos. Type B licenses will be for future brick-and-mortar sportsbooks. Twenty licenses of each type will be available for interested parties. A 10% tax rate will be set on sports betting revenue.
Both license types will allow for online sports betting partnerships. These partnerships will be decided by the free market and no special considerations will be made for any entities in the process.