The Ohio Casino Control Commission has announced that sports betting will be launching in the state on Jan. 1, 2023. This comes as good news to sports fans in Ohio, who will now be able to place bets on their favorite teams and players.

Ohio Casino Control Commission

The commission has been working hard to ensure that sports betting is regulated in a way that is fair and transparent for all parties involved. They have also been working with the Ohio General Assembly to create a framework for how sports betting will be taxed and regulated in the state.

Ohio is one of many states that have been moving forward with legalizing sports betting in recent years. This is in part due to the Supreme Court striking down a federal law that had prevented states from legalizing sports betting in 2018. since then, many states have taken advantage of this opportunity to generate additional revenue through taxes and fees on sports betting.

Ohio Sports Betting Revenue & Tax Forecasts

Estimates indicates that sports betting will generate around $1,2-1,6 billions in tax revenue for the state of Ohio over the next two years. They also estimate that there will be about $9-$12 billions worth of bets placed on sporting events each year.

Sports Betting Regulations

This is good news for sports fans in Ohio, who will soon be able to place bets on their favorite teams and players. The commission has been working hard to ensure that sports betting is regulated in a way that is fair and transparent for all parties involved. They have also been working with the Ohio General Assembly to create a framework for how sports betting will be taxed and regulated in the state.