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Ohio Sports Betting πŸŽ–οΈ 2022

The online gambling industry continues to grow throughout the United States, but Ohio has not seen any of that growth. In 2022, Ohio will joins neighbors like PA and Michigan, and will begin offering online sports betting.

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⭐ Legal Sports Betting in Ohio

OH Sports Betting

Sports betting news: Ohio Governor Mike DeWine signs sports betting bill HB29, which would set the Ohio gambling tax rate at 10%.

Ohio sports betting market has been a major point of contention for Ohio lawmakers over the last three years. The Ohio House has passed sports betting bills, but the Senate has not passed any for the Governor to sign into sports betting laws. Finally, on December 8, 2021, both houses agreed on sports betting and passed their respective bills. Right before Christmas, Gov. Mike DeWine signed the bills into a law and soon online betting in the Buckeye State can begin!

Latest Ohio Sports Betting News

Ohio legalized online sports betting on December 22, 2021. Now, the Ohio Casino Control Commission can begin to work on rules and regulations for the betting industry, although the legislators set up a framework to follow.

  • Number of Licenses: Ohio will have up to 25 licenses, which can be issued to sports teams, leagues, casinos and racinos. Each is guaranteed one skin, but can apply for another if they can prove it will benefit the state financially.
  • Tax Rate: 10% tax rate will be applied to all betting, and operators are not allowed to have negative revenue for tax purposes.
  • Betting Limitations: Esports betting will be allowed, but fixed odds horse betting will not. Betting on in-state colleges is alright as well.
  • Official League Data: A point of contention in other states, Ohio lawmakers decided that sportsbooks will not have to use official league data to settle live bets.

⭐ OH Mobile Betting Apps

Currently, there are no sports betting apps available in the state of Ohio. While we don’t know what sports betting sites will open in Ohio once online sportsbooks are allowed to launch, we believe that the usual suspects BetMGM, Penn National (Barstool Sportsbook), and fantasy sports operators DraftKings and FanDuel will be the first accepting sports wagers.

Ohio Gambling Revenue

The PA online betting handle is over 300 million monthly. As it is Ohio’s closest gambling neighbour, Ohio can expect large gambling tax revenues when they finally launch sports betting.

Free Bets, Risk-Free Bets & Deposit Matches in Ohio

The sports betting market in Ohio will be extremely competitive, and is estimated to reach $1 billion in revenue annually. Sports betting companies try to attract new bettors by offering bonuses or promotions, and we expect that most operators will have great offers for Ohio residents.

  • Free bets – A small site credit offer; bettors can usually only cash out the winnings.
  • Risk-free bets – The sports betting site will refund you in free bets if your first bet loses.
  • Deposit matches – The sportsbook will match your deposit up to a certain cap (for example, DraftKings offers a 20% up to $1,000).

Ohio Sportsbooks will also offer promotions to existing players. These might include odds boosts, parlay insurances, or promotions for teams like Ohio State Buckeyes.

Ohio Buckeyes

Soon sports crazy Ohioans can place sports wagers on the Super Bowl and World Series, and even on college teams like Buckeyes at March Madness.

Ohio Betting Promo Codes

When sports bettors can finally bet online in Ohio, the sportsbooks will make promo codes available for Ohio residents. When there is a sportsbook promo code in Ohio, we at Bonusfinder US will bring them to you.

Wagering Requirements

Sports betting websites often attach wagering requirements, which are also called playthrough requirements, to their bonuses. This means that you need to wager through your bonus a set number of times before you can withdraw your money.

⭐ OH Sports Betting Markets

Although sports betting is not yet live in Ohio, we can expect that the following options will become available once the sportsbooks get going. The Buckeye State is home to more than 11 million people, so the market potential is huge.

Ohio Bet Types

Because Ohio will most likely be home to most of the big sports betting operators, we can expect that the usual bet types are available in the state.

  • Moneyline bets
  • Spread bets
  • Over/Unders
  • Prop Bets
  • Parlays
  • Inplay Betting

⭐ Banking on Ohio Online Betting Sites

We don’t know the exact legal details for banking at Ohio sportbooks. However, based on other states where online sportbooks need to partner with landbased casinos, we can give a rough estimate on the Ohio sports betting payment options.

Deposit Methods

All the deposit methods are instantaneous, but there are some key differences between them. Credit card is the simplest method for depositing. However, not all US banks accept real money gambling payments. E-wallets, such as PayPayl, and prepaid cards are a perfect workaround for these situations. They are also perfect for people with privacy concerns.

  • Online bank transfer
  • Credit Card (Visa, Mastercard)
  • E-check
  • PayPal
  • Prepaid card
  • Casino Cage

Withdrawal Methods

Withdrawals are often limited to the method you used to deposit. When this is not possible, online betting sites usually offer other options. Unlike deposits, withdrawals are not instant. Here at BonusFinder, we’ve listed all the withdrawal methods you can expect from Ohio online betting sites.

Withdrawal Method Withdrawal Time
ACH (e-checks) 3 - 5 business days
PayPal 4 - 6 business days
Paper checks 5 - 8 business days
Prepaid cards 2 - 6 hours
Cash at the Cage 2 - 6 hours

⭐ Conclusion

The state of Ohio is surrounded by other states that offer sports betting, and now they are finally catching up. Ohio online gambling is set to see the light of day in 2022, with a big number of operators looking to launch in the state. As more details trickle out, we will update this page.

Ohio Sports Betting Q&A

Can I bet on sports online in Ohio?
Is sports betting legal in Ohio?
What is the sports betting age in Ohio?
Why is online sports betting not legal in Ohio?
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