Ohio Bill Would Legalize Esports Betting in the State – The Esports Observer

Ohio State Sen. Kirk Schuring (R) is looking to legalize esports betting online and in-person in the state as part of a new online sports betting bill that looks to also add betting on horse racing.

The bill (SB 176), which was introduced last month by Schuring in the Ohio Senate, has one potential wrinkle: it prohibits betting on events that include participants under the age of 18.

The bill would create two types of betting licenses; Type A is aimed at state entities that can already legally take a bet in the state like casinos, while a Type B license is aimed at future physical sportsbooks businesses. Twenty of each type of license will be approved, and revenue from betting will be taxed at a 10% rate. Licenses will be awarded on a first-come, first-serve basis with no special consideration for any particular businesses, according to the text of the bill.

The initial fee for a license will be $1M USD, with a additional $500K fees paid in the second and third years. The fees, which will be non-refundable, will be put towards gambling addiction prevention and education in the state.

This bill is one of the first in the country that allows license holders to have uncapped online sportsbook partnerships.

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