Client Alerts & Insights
Are you Feeling Lucky? Legalized Sports Betting Bill Introduced in Ohio Senate
May 6, 2021
Authored By:
On May 6, 2021, Senate Bill 176 (SB 176) was introduced in the Ohio Senate by Senators Antani and Manning to legalize and regulate sports gaming. SB 176 is the result of eight hearings with an array of testimony from 50 individuals in the Ohio Senate Select Committee on Gaming. It covers three distinct gaming levels, monitored by three existing oversight agencies.
According to Senator Niraj Antani, “This bill will legalize sports betting and charitable E-Bingo in Ohio through a free market approach, while safely expanding gaming in our state. Ohioans want this, and they’ve made it clear to me, they want it now. We must move swiftly to enact this bill. I am honored to be a joint sponsor of the bill.”
“Sports gambling is already here, Ohio just isn’t benefiting from it,” said joint sponsor Senator Manning. “This bill is fair, no one gets a special benefit and the state has expert level diverse oversight. It’s a win for taxpayers and the economy.”
On-Line Sports Wagers and Brick and Mortar Wagering
Under the bill, the state will offer 20 licenses for mobile app on-line gaming and 20 licenses for brick and mortar sports gaming.
- Licenses cost $1 million will last for 3 years
- First come first serve
- Casino Control Commission has oversight authority
Lottery
The bill allows for a sports wager system through Ohio Lottery retailers.
- $20 wagers
- Winnings are divided from losing wagers, much like the lottery
- Ohio Lottery has oversight authority
Charitable Gaming, Electronic Bingo
- Allows E-Bingo to become available to charitable organizations
- Ohio Attorney General’s office maintains oversight authority
- E-Bingo machines will be authorized by Casino Control to make sure they are not slot machines.
Tax Structure
- Ohio will receive 10% from Net Revenue of these operations
- Revenue is directed toward public and private education
- 2% is directed toward gambling addiction and problem gaming
The first hearing on the legislation will take place on May 12, 2021. As in the prior General Assembly, the House is also considering their own version of sports gaming legislation. Benesch has formed a working group that is in the process of conducting an in-depth analysis of the legislation and the opportunities it presents. Meanwhile, clients are encouraged to read the bill and contact a member of Benesch’s Government Relations Practice Group if you have any questions regarding SB 176.
Rob Zimmerman at rzimmerman@beneschlaw.com or 216.363.4437.
Rachel Winder at rwinder@beneschlaw.com or 614.223.9316.
Holly Gross at hgross@beneschlaw.com or 614.223.9392.
Kristopher Chandler at kchandler@beneschlaw.com or 216.363.4437.
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