What You Need to Know About the Sports Betting Market in Ohio Before January 1, 2023

Sports betting legislation in Ohio is fast developing. Lawmakers have been negotiating since the second quarter of 2018 to discuss regulating sports betting. Moreover, Governor Mike DeWine approved HB 29 in late December 2021.

It’s official: regulators plan to open legal online sportsbooks in Ohio on January 1, 2023!

The Most Prominent Online Casino Players in the Ohio Market

Authorities now have a deadline for the establishment of online bookmakers in Ohio. As previously indicated, HB 29 was approved by the Ohio Legislature. It was signed into law by Governor Mike DeWine in December 2021. 

The statute established a deadline of January 1, 2023. Hence, state officials have opted to introduce sports wagering at that time, just in time for the 2023 Super Bowl!

Below, you will find several reputable Ohio sports betting sites that will almost certainly apply for licensing in Ohio’s soon-to-be-legal casino market: 

  • DraftKings

DraftKings is a well-known gambling company that began in the DFS market. The business debuted in 2012 and soon rose to prominence as one of the top suppliers of sports gambling. DraftKings established the first online sports betting site in New Jersey in 2018, as soon as the regulations enabled it.

Since then, the firm has expanded into several jurisdictions, opening sportsbooks in Indiana, Pennsylvania, West Virginia, and, most recently, New Hampshire. Consequently, it would not be shocking to see DraftKings lead the way in the potential development of Ohio online gambling.

The operator’s wager is one of the best in the industry. The roster of leagues and sports, like its famous DFS props, is extensive and spans both North American and global markets. The major markets are the NBA, collegiate basketball, NHL, English Premier League, MLB, NFL, NASCAR, and others.

Furthermore, the operator is known for raising the bar with attractive welcome bonuses.

  • FanDuel

FanDuel is the world’s second-largest producer of daily fantasy sports providers in the United States, after only DraftKings. The business was acquired in 2018 by one of the largest brands in sports betting, the Irish gambler Paddy Power Betfair, also known as Flutter Entertainment. The new owner is intent on aggressively expanding into the United States. 

Therefore, you can expect that the Ohio internet market will be high on its priority list. The potential is enormous, given Paddy Power Betfair’s decades of experience and vast expenditure.

FanDuel is already performing well in the places where it already provides gambling, such as New Jersey, Pennsylvania, Indiana, and West Virginia. It offers a superior web platform and reasonable prices to its consumers.

  • BetRivers

Rush Street Interactive operates BetRivers, a well-known and recognized online bookmaker and iGaming business (RSI). That same firm announced in the winter of 2022 that they would have acquired market access in Ohio and planned to launch as soon as online wagering licenses were approved (expected January 2023).

In a multi-year agreement with Penn National Gaming, RSI will sell up to two skins in specified areas, including Ohio. Gamers in other states can get a $250 initial match welcome bonus on their first transaction. A similar deal is likely to be available when OH bookmakers go online.

  • BetJack 

In Ohio, JACK Entertainment has recently introduced a free-to-play wagering app! Players can download the software and app anytime and play for free. This was done in collaboration with Shape Games and Kabmi Group. When HB 29 goes into effect in Ohio (January 2023), consumers should look to install the BetJACK app to get started.

  • BetMGM

BetMGM is yet another formidable competitor in the Ohio online gambling business. The operator provides a diverse selection of the United States and foreign betting platforms, featuring major pro and university leagues.

In addition, the operator provides a wide range of betting options. Its primary betting options include totals, parlays, money lines, point spreads, and prop bets. Additionally, the business provides live betting.

BetMGM fully caters to smartphone gamblers since the operator provides its whole scope of solutions via Android and iOS apps. The applications are currently among the best in the industry in terms of design and performance. 

Furthermore, the operator frequently gives mobile-exclusive perks, cementing their drive toward smartphones. BetMGM is anticipated to be among the first suppliers to go live in Ohio. This is because they already offer horse racing wagering there and have ambitions to occupy the retail area at MGM Northfield Park.

Final Thoughts on Ohio Betting

With the elimination of PASPA, the American market was opened to the idea of online sports gambling, and policy is quickly shifting in a growing majority of states.

With recent events, Ohio appears to be in an excellent position to be the next emerging online betting market. HB 29 has been directly confirmed by legislators that they want to follow the conditions of the now-law and permit sportsbooks to operate in Ohio from January 1, 2023.