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 ...
February 25, 2020ogadmin
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 ...
February 21, 2020ogadmin
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. ...
June 21, 2019ogadmin
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 ...
June 19, 2019ogadmin
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 ...
June 17, 2019ogadmin
The Ohio Casino Control Commission has released a first draft of proposed rules for fantasy sports contests. Former Governor John Kasich signed into law HB132, a bill that clarifies the legality of such contests and grants the OCCC authority over the industry. The bill also ordered the OCCC to adopt ...
February 12, 2019ogadmin
Ohio Senate President Larry Obhof doesn’t believe that sports betting will become legal in Ohio in 2018. He has indicated that SB 316 and HB 714, placeholder bills for legalized sports gambling, will not go to committee until after the November elections. Obhof is also not so sure the legislature ...
September 13, 2018ogadmin
Senate Bill 316 has been introduced by Senators John Eklund and Sean O’Brien. The bill offers no detail on the whats or wheres, it simply states that this is a bill “to express the intent of the General Assembly to develop and enact legislation legalizing sports wagering.” Feedback from interested parties will ...
August 8, 2018ogadmin
The United States Supreme Court has declared unconstitutional the Professional and Amateur Sports Protection Act, passed in 1992, that prohibited states from legalizing sports betting. Prior to this ruling only 4 states had some form of sports gambling, although Nevada was the only state where full-on sports gambling was legal. ...
July 9, 2018ogadmin
Pennsylvania can now add up to 10 mini-casinos that are allowed to have 300-750 slot machines and up to 30 table games each. The state currently has 12 casinos and is the second largest commercial gambling market in the United States (Nevada is first). When and where these mini-casinos will ...
June 14, 2018ogadmin