Jan. 1.<\/a><\/p>\nThe OCCC will continue to accept license applications after the respective July 15 and Aug. 15 deadlines. However, proprietors and operators that fail to submit their applications on a timely basis run the risk of not being able to start on that date.<\/p>\n
Ohio’s Sports Betting Licensing Structure<\/h2>\n Under the legislation that Ohio lawmakers passed late last year, up to 25 online sports betting operators and 40 retail sportsbooks will be able to get licensed in the state. The retail sportsbooks will be limited to the counties with either the largest populations, or in a county of at least 50,000 residents that welcomed at least 5 million tourists in the most recent calendar year.<\/p>\n
Entities eligible for a proprietor\u2019s license include major professional sports teams, Muirfield Village Golf Club (which hosts The Memorial PGA Tour tournament), Mid-Ohio Sports Car Course (which hosts a NASCAR event), the four OCCC-licensed commercial casinos, and the seven racinos licensed by the Ohio Lottery. Proprietors are allowed to partner with up to two service providers, or sportsbooks.<\/p>\n
There will be no limit on the number of establishments that get approved to host kiosks. But the OCCC can approve up to 20 kiosk operators.<\/p>\n
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Licensing fees will vary. Sports teams and venues will pay $1 million for a license with one online provider, and $3.3 million to partner with two providers. Casinos and racinos will pay $1.5 million for one online partner and $5 million to partner with two.<\/p>\n<\/div>\n
Online providers who partner with one team will pay $2 million for a license and $6.7 million if they partner with a second team or venue. Online providers partnering with a casino or racino will pay $1.5 million for a license or $5 million if they partner with two entities.<\/p>\n
While the licensing structure is somewhat convoluted, the tax rate for Ohio sports betting<\/a> isn\u2019t. All providers will be taxed at 10% of gross gaming revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"The number of companies that have submitted their sports betting license applications in Ohio is now up to five. On Friday, the Ohio Casino Control Commission reported that DraftKings submitted its license application to serve as a mobile management services provider in the state. The Boston-based company does not have a proprietor partner yet. But […]<\/p>\n","protected":false},"author":45,"featured_media":218876,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33810,1074],"tags":[],"acf":[],"yoast_head":"\n
DraftKings, JACK Entities Latest to Seek Ohio Sports Betting Licenses<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n