A leading sports gambling organization believes Ohio will wager more than most every other state once betting becomes legal Jan. 1.
PlayOhio, a division of PlayUSA, predicts people across the state will place $8 billion in bets during 2023, ranking only behind New York, Illinois, New Jersey and Nevada in terms of handle.
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A group of Ohio economists are not as certain about the economic impact of legalized sports betting in Ohio as a national gaming research group that predicted the state eventually would be one of the largest gambling markets in the country.
Only 10 of the 23 state economists surveyed agreed legalized sports betting would outweigh the economic costs of intervention for problems associated with gambling addiction, according to a recent survey from Scioto Analysis, a central Ohio group that provides analysis of issues around the state.
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The nearly quarter-million dollars in winning wagers reportedly placed at MGM Resorts last Sunday might be the largest sportsbook loss in Las Vegas history on bets made after an event has started.
Seven longtime Las Vegas bookmakers can’t recall a larger loss, the Las Vegas Review-Journal reports. But each oddsmaker has taken hits on past posts and said it’s a fairly common occurrence at books.
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House lawmakers on Thursday passed a bill to legalize sports wagering in Ohio, a move that could generate millions in tax revenue for the state.
House Bill 194 levies a 10 percent tax on gross gaming revenue with proceeds to benefit education in the Buckeye State. The measure could bring in $17.7 million in additional revenue for the state during the 2022 fiscal year and $23 million during the 2023 fiscal year, according to the Legislative Service Commission (LSC).
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In terms of legislation, 2018 may be considered one of Ohio’s most impactful years in recent history. From the approval of the first medicinal marijuana dispensary to new abortion limitations, 2019 will see a dramatic change for many Ohioans. Compiled below are ten of the most significant changes coming to the…
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