When sports betting does arrive in Ohio we expect it to be a rip-roaring success. With almost 12 million inhabitants and seven professional sports teams, the state offers the perfect storm.
This is undoubtedly why the state is biding its time when it comes to pushing through legislation. They must be aware that they will have no end of suitors once they open the state borders to sportsbooks.
If you look at a map of the states that have legalized sports betting, you’ll find small clusters across the country. The main reason for this is that many states cannot stand the idea of losing potential revenue to its neighbors. Ohio however, despite being surrounded by three of the largest sports betting markets in Pennsylvania, Indiana and West Virginia are not giving into the pressure.
Slowly but surely we expect that the two bills being considered by the senate will be pushed through by the end of 2021 and we will see the first Ohioan sportsbook launched before the end of the year.
There are two very different scenarios however, depending on which of the two bills are passed. One would place the state lottery as the controlling body . which would leave the state in a similar position as Oregon which has given its state lottery a monopoly over online sports betting. The other alternative would be a more open market where sportsbooks would be allowed to partner with any of the existing 11 casinos. If the latter bill were to be enacted, we can guarantee with some certainty that DraftKings and FanDuel would be two of the first sportsbooks to launch an Ohioan sportsbook app.