Ohio Approves Its first 200 Sports Betting Licenses
The Ohio Casino Control Commission (OCCC) is working hard to approve as many sports betting licenses as possible. With the football season right around the corner, Ohio Approves Its first 200 Sports Betting Licenses. However, gamblers will probably not see a sports betting kiosk until December of this year, Furthermore, they will not be able to use them until sports gambling becomes legal on January 1, 2023.
According to the latest sports betting license update in Ohio, these are for Type C sports betting licenses. Type C licenses are for retailers like bars, restaurants and liquor permit holders who want to offer sports betting kiosks. In addition, the Type C sports betting license is valid for three year beginning the first of January.
Even though these businesses got the approval, they mut still must submit compliance materials to the OCCC by November. This includes such as security measures and responsible gaming plans.
For businesses looking to have a license for a sports betting kiosk on their property, it is not too late. This is because businesses that apply within the next few weeks are still likely to receive consideration.
Ohio Approves Its first 200 Sports Betting Licenses for Sports Betting Kiosks
According to bookie blogs, the Sports Betting kiosk will have a limit of $700 in bets per person, per week. Of course, only adults 21 years or older will be able to use these machines. The sports wagering machines will be able to take 4 kinds of sports bets. These are spread wagers, over/under bets, money line bets and 2-4 team parlays.
As of August 15, a total of 652 applicants have been trying to receive a Type C sports betting license. However, only 200 got the license by a unanimous resolution. In order to get a license, the businesses had to secure a $1,000 host license from the Casino Control Commission. Furthermore, they also had to be lottery retailer in good standing and hold a D-1, D-2 or D-5 liquor permit. This is in addition to being partner with a company that operates the machines, under a Type C proprietor’s license.
The approval of Type C sports betting license is just the first step for approving sports betting licenses in Ohio. This is because another round of sports betting license approval for those wanting to become a bookie is coming soon.