Betting on ESports and Sports to Begin in Ohio on January 1, 2023
In the United States, the state of Ohio will legalize statewide sports and esports betting on January 1, 2023, for all residents to enjoy.
Despite the fact that Ohio has previously legalized sports betting, on January 1st, 2019, the booths, machines, and web/mobile sites across the state will all go online, making Ohio the latest of over half of the member states to allow sports and, in some circumstances, esports betting in the USA.
When it comes to Ohio, how is the scenario on Launch Day?
Betting on sports and esports is currently permitted in Ohio. Although the state has issued licenses to several businesses, such businesses will not see their products go online until midnight on January 1.
Ohioans will be allowed to place wagers in bars and other locations where the Ohio State Lottery sells tickets and pays out rewards, as well as at locations where betting companies have partnered with athletic organizations or similar.
Bets can also be placed using a variety of mobile and web-based betting platforms for the convenience of clients.
DraftKings, Caesars, BetMGM, and OKBET Sport are just a few of the companies luring new clients with exclusive deals if they join up before January 1.
While they aren’t “esports betting” sites per per, you can expect to find a wide variety of esports wagers at most, if not all of them.
Approximately 25 online sports and esports betting firms are expected to go live in the state on or around January 1. However, this figure might increase or decrease depending on the actions taken by the Ohio Casino Control Commission.
When registering, are Ohioans eligible for welcome bonuses?
As of Monday, January 1, nearly all of the sites slated to go live will be offering sports and/or esports betting incentives to entice new customers to join.
The purpose of these incentives, which vary in value and the requirements to activate and utilize them from sportsbook service to sportsbook service, is the same: to entice clients to join up for the sportsbook service.
Ohio’s revenue from the Launch, roughly speaking
To begin, Ohio’s sports betting business is projected to earn $600 million to $800 million annually, with taxes bringing in $60 million to $80 million.
In Ohio, problem gambling will get funding equivalent to 2% of the gaming tax collected.
Sports lovers in Ohio, whether they follow the pros, the colleges, the horses, or the video games, will be eager to see how the new year begins with sports betting.
