A State Senator has introduced legislation for the regulation of Ohio sports betting. If approved, it would allow for up to forty (40) licenses. A previous attempt to pass legislation to bet on sports failed. Of those licenses, twenty (20) would be granted to casinos and racinos in the state. Those casinos and racinos would then be able to partner web based sports books to usher in online gambling. An additional twenty licenses could then be granted sports bars, betting shops, and other brick-and-mortar locations. State lawmakers plan to pass the bill before the end of June. Professional sports teams…

An Ohio sports betting bill has been introduced by lawmakers in the state. The bill could lead to legalize the activity for the state’s 11 casinos and racinos, as well as permit online gambling. Venues that want to offer sports betting services would need to pay a license fee of $100,000, and licensees would be able to enter partnerships with operators in order to offer sports wagering. Casinos and racinos that secure a license would be subject to a tax rate of 6.25% on gross sports betting revenue. However, the bill omits any language relating to a so-called ‘integrity fee’…