Ohio Sports Betting

The online gambling industry continues to grow throughout the United States, but Ohio has not seen any of that growth. Online betting in Ohio is extremely limited, but there is some hope that it could change at some point soon.

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Sports betting is the major industry that Ohio is looking to legalize, but the online casino gaming industry could be expanded. It has taken lawmakers a long time to get legislation pushed through, but a final vote is expected to take place at some point in 2020.

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Legal Sports Betting in Ohio

Ohio Sporst Betting Bill

Sports betting news: Ohio House passes sports betting bill HB194, which would set the Ohio sports gambling tax rate at 10%. It would also allow veterans and fraternal organizations to apply for a sports betting licenses in the Buckeye state.

Ohio sports betting market has been a major point of contention for Ohio lawmakers over the last two years. The Ohio House has passed sports betting bills, but the Senate has not passed any sports betting laws. On May 28th the HB194 bill passed in the House, and it was introduced to the Ohio Senate before their summer break on June 2nd. It is possible that the bill will be signed into law in the latter part of 2020, which would allow Ohio sportsbooks to open their online sports betting operations.

Latest Ohio Sports Betting News

What’s new in Ohio online betting legalization? Bonusfinder covers it here.

Sen John Eklund Pumps Brakes on Ohio Sports Betting

Senator Johnk Eklund has been the person most involved in the OH sports betting process. However, late September he cautioned people against having their hopes up for an early release. According to Eklund, it’s more likely that Ohio sports betting will see light of day in 2021 than 2020.

OH Mobile Betting Apps

Since sports betting is not legal in the state of Ohio, there are no sports betting apps available. While we don’t know what sports betting sites will open in Ohio once online sportsbooks are allowed to open, we suspect that the usual suspects William Hill, 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 legalize.

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

When the sports betting bill passes in the state of Ohio, the market will be extremely competitive. There are several different ways that sports betting companies will try to get customers to their site, and it is done by offering bonuses or promotions.

  • Free bets – A small free bet
  • Risk-free bets – The sports betting site will refund you if your bet loses
  • Deposit matches – The Sportsbook will match your deposit up to a certain cap (for example DraftKings 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

When the Senate will finally allow sports betting, sports crazy Ohioans can place sports wagers on the Super Bowl and World Series, and maybe even on college teams like Buckeyes at March Madness.

Ohio Casino & Legalized 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 legal in Ohio, we can expect that the following options will become available once it’s legalized. 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 most 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

As the Ohio Sports Betting Bill has not yet been signed into a law, 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

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

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.

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 lawmakers are trying to keep up. The Ohio Senate is set to discuss the HB194 Gambling Bill when they return from recess, and it is possible that Ohio online gambling could see the light of day in 2020.

Ohio Sports Betting Q&A

Can I bet on sports online in Ohio?

No, but there is a chance that Ohio will legalize sports gambling soon. Lawmakers have included mobile and online sports wagering in their sports betting bill.

Is sports betting legal in Ohio?

No, sports betting is not legal in the state of Ohio, but the Ohio Senate will vote on the matter in late 2020.

When Ohio sports betting will be legalized it will be regulated by the Ohio Casino Control Commission.

What is the sports betting age in Ohio?

The legal gambling age is set at 21 years of age in Ohio.

Why is online sports betting not legal in Ohio?

After the Supreme Courts decision to strike down PASPA, the Ohio House and Senate have been doing a song and dance around the online sports betting issue. In the Senate version, the Ohio Casino Control Comission is in charge, whereas the House Bill supports the Ohio Lottery Commission control of the legal sportsbooks. We hope that they can finally agree in 2020.