Last week, a substitute Senate Bill 176 was introduced, which made a litany of changes to Ohio’s proposed sports betting industry. And today, a few days after those changes were introduced, an omnibus amendment was passed to make even more changes to the bill, which was referred out of the ... Read More
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May2021
Less than a week after Senate Bill 176 (“SB 176”) was introduced, significant changes have been made and will be introduced via a substitute bill soon. At the first hearing of the Senate Select Committee on Gaming since SB 176 was introduced, sponsors Manning and Antani announced a substitute bill ... Read More
May 17, 2021ogadmin
07
May2021
Ohio’s newest omnibus gaming bill was introduced on Thursday, May 6. Senate Bill 176 (“SB 176”) covers a range of topics, including the authorization of sports betting, the creation of a sports betting pool within the lottery, online sports gaming, authorization of electronic instant bingo, and also established a committee ... Read More
May 7, 2021ogadmin
25
Feb2020
The last week of January brought news of a unique deal between casino operator Penn National Gaming, owner of two casinos and two racinos in Ohio, and Barstool Sports.
Penn National will make an initial investment of $163 million for a 36% interest in the Barstool Sports media company. The initial ... Read More
February 25, 2020ogadmin
21
Feb2020
Last year, two competing bills were introduced that would authorize and regulate sports betting in Ohio. House Bill 194 was introduced by Representatives Dave Greenspan and Brigid Kelly. Senate Bill 111 was introduced by Senators John Eklund and Sean O’Brien. The House bill received eight hearings in 2019 while the ... Read More
February 21, 2020ogadmin
19
Feb2020
The first month of 2020 was an exceptional one for Ohio’s casinos and racinos which shattered their previous January record high for gambling revenue. The casinos and racinos combined for $167 million in gambling revenue up 19% from the previous high set last year of $140.7 million. Each year the ... Read More
February 19, 2020ogadmin
21
Jun2019
Six states started sports betting in 2018. Revenues fell short of projections in four of the states. Several reasons why. Among them - slower than expected rollout, lack of online betting and even the Super Bowl.
Rhode Island projected monthly revenues of $1 million. The reality – about $50,000 a month. ... Read More
June 21, 2019ogadmin
19
Jun2019
While Ohio mulls over legalizing sports betting, virtually every surrounding state either has a law on the books or proposed legislation on the fast track.
Pennsylvania and West Virginia have already legalized sports betting.
In Kentucky, a House panel has passed a bill that would allow sports betting at approved locations such ... Read More
June 19, 2019ogadmin
17
Jun2019
The Ohio House and Senate have each introduced their own version of how sports betting should be regulated in the state. The Senate came first, introducing Senate Bill 111 in March. The House followed by introducing House Bill 194 in early April. There are differences between the two bills. Among ... Read More
June 17, 2019ogadmin
14
Jun2019
Hard Rock International and VICI Properties have agreed to purchase the JACK Cincinnati casino and Turfway Park for $780 million. Hard Rock, which will run operations at both establishments, will buy JACK Cincinnati. VICI Properties will buy Turfway Park, which is located in Florence, KY. VICI will enter into a ... Read More
June 14, 2019ogadmin