MaximBet Entering Ohio and Pennsylvania Sports Betting Markets

MaximBet

Online sports betting operator MaximBet announced on Monday that it has gained access to the Pennsylvania and Ohio legal sports betting markets.

MaximBet was established only last April but the company has been very aggressive in its expansion to the different states where sports betting has been legalized.

Said MaximBet CEO Daniel Gretzer:

“We are excited about the efficiencies this scale brings to our business and we look forward to additional market access arrangements in the near future.”

It will enter Ohio via a fully mobile operating license pending legislation. Lawmakers are set to continue their debate on the state’s sports betting bill later this month but it remains to be seen how many skins are approved by law. Industry leaders like DraftKings, FanDuel, BetMGM, Barstool Sportsbook, and Caesars Sportsbook have also secured market access deals.

In Pennsylvania where mobile sports operators are required to tie-up with land-based casinos, it has partnered with Caesars Entertainment and Harrah’s Philadelphia. Pennsylvania is among a handful states that allows online casino gaming, digital slots, and table games.

Other Future Markets

The sports betting company also said that it is nearing the completion of agreements to enter Iowa, Indiana, and New Jersey via online platform. They are also eyeing to enter the sports betting market in Ontario, Canada. There are no exact launch dates for these future markets although company officials say that they want to go live as soon as possible.

Because it is not as prominent as DraftKings or FanDuel, MaximBet is offering promos to entice new members to sign up for the app. For instance, it is offering a Super Bow LVI package worth $50,000 via raffle. The lucky winner, which will be drawn on New Year’s eve, will be given four tickets to Super Bowl LVI with four roundtrip airfare tickets from an U.S. City, four hotel rooms for three nights in Los Angeles, and a pocket money worth $2,500.

Future iGaming Plans

MaximBet is the online sports betting division of international men’s magazine brand Maxim. It is co-owned by the Carousel Group whose holdings include the online betting sites Sportsbetting.com, a site that now redirects customers in Colorado to MaximBet.

Currently, MaximBet operates online sports betting in Colorado but is working doubly hard to expand its sports betting operations to the other states where sports wagering is legal. Aside from sports betting, the company is also eyeing to venture into the iGaming picture in the future.

Ohio Senate Passes Sports Betting Bill

Ohio Stadium in Columbus

Lawmakers in the Ohio Senate passed a bill on Wednesday that would legalize sports betting in the state.

Senate Bill 176 was approved 30-2 with Sen. Matt Dolan abstaining from the vote because of his family’s ownership of the MLB team Cleveland Indians.

The legislation would legalize Ohio sports betting, allowing residents to place bets on professional, college, Olympics, and other sports. The bill got a last-minute overhaul with lawmakers increasing the number of licenses offered, giving preference to professional sports teams in Ohio, and adding a new license option for bars while limiting their kiosks to two per location.

Up to 58 Sports Betting Licenses

Per Senate Bill 176, casinos, racinos, and other businesses are allowed to apply for one of up to 58 licenses to offer sports betting. 33 of the 58 licenses would be for brick and mortar gambling shops while 25 will be for mobile and online sports betting. Applicants would be required to pay a fee of $1 million fee and the Ohio Casino Control Commission would be the agency to approve licenses and oversee how they are used.

Due to a late revision in the bill, the brick and mortar licenses would be distributed throughout the state based on the counties’ population. Franklin County, which has more than 1 million resident, could have up to three brick and mortar licenses. Meanwhile, Hamilton County, which is in the next population tier, would be given two.

Addition of a Type C License

Another addition to SB 176 was the inclusion of a Type C license for bars, restaurants, bowling alleys and other similar establishments with a liquor license. A unlimited number of these group can apply for a Type C license at $6,000 each. However, they would be limited to two kiosks per store.

These establishments will be permitted to offer spread bets and over/under bets. It would be up to the Ohio Casino Control Commission to limit how many establishments can provide self-service kiosks. Under the bill, each vendor would be required to pay a $100,000 application fee.

What Else is in the Bill?

Net revenue from sports betting would be taxed at 10%. This would bring an estimated $17-$23 million in tax revenues beginning 2022. The taxes would be used mostly for both public and private K12 education. 2% of the taxes collected will also go to gambling addiction programs. If all goes as planned, Ohio residents could start placing sports bets in early 2022.

Ohio’s professional sports teams, the Memorial Tournament, and a NASCAR event in Ohio will receive preference when applying for a sports betting license. However, they would still need to meet the criteria for application. The bill also allows Ohio fraternal and veterans organizations to have up to 10 electronic bingo machines. These would be regulated by the Ohio Attorney General’s Office and the proceeds would benefit the organization.

JACK Thistledown Racino Opens New Two-Storey Outdoor Gaming Patio

Casino Floor

The JACK Thistledown Racino recently unveiled a brand new 12,000 square foot outdoor gaming patio.

Called the Revel Oak area, the open-air venue is the Ohio racino’s first major improvement since 2017 and is unmatched in the state when it comes to concept and technology, this offering its customers with a one-of-a-kind gaming experience.

Said JACK Entertainment general manager Angela Matthews in a statement:

“We have committed ourselves to delivering an exceptional space that is not only unique but unrivaled in the area. Our devotion to this expansion is not just representative of our investment in our guests but in the community in which JACK Thistledown Racino calls home.”

The Revel Oak Area

Located on the front side of the Ohio racino and accessible from the racino floor, the Revel Oak is open of three sides to permit smoking, which is banned inside Ohio casinos. The two-story space has 250 video lottery terminals and a 10-seat bar on the top floor of the patio. It utilizes intelligently designed louvers, open spaces, and a commercial-grade exhaust system. These state-of-the-art facilities gives guests an unobstructed flow out outside air coming to the gaming space. At the same time, it is equipped with a climate-controlling feature that mitigates the cool Northern Ohio temperatures through spring and provides indoor-like warmth.

Its striking design includes wood accents, unique lighting, and greenery elements to accentuate the outdoor setting. A double-radius grand staircase surrounded by a Sapele slat wood wall is the focal point of attraction of the Revel Oak. It also has a terrazzo floor featuring an outline of the state, with the Ohio racino’s location marked with a heart. It also boasts of a custom hand blown chandelier by local artist, Cleveland Art.

Originally a Horse Racing Track

Thistledown began as a horse racing track in 1925 and horse racing still takes place there four days in a week from April to October. The casino opened in August 2013, owned at that time by Rock Ohio Caesars and managed by Caesars Entertainment. It is now owned and operated by JACK Entertainment, the company previously owned by Cleveland Cavaliers team owner Dan Gilbert.

According to the Ohio Lottery Commission, the Ohio racino posted $13.6M in revenues for the month of February 2021 which is an 8.7% increase from its February 2020 figures. This numbers represent the money kept by the house after the payout of winnings. Thistledown also reported $115.3M in total revenues for 2020, which included three months where it was forced to shut down by the state due to the pandemic. During the pre-pandemic 2019, its revenue totaled $142.5 M

Cleveland Cavaliers and Betway Forge Multi-Year Sports Betting Agreement

Sportsbook
The Cleveland Cavaliers have entered into a sports betting partnership with Betway in anticipation of the legalization of Ohio sports betting.

Because Ohio sports betting isn’t legal yet, Betway will launch a free-to-play game called “Betway Big Pick” where fans can compete to win cash prizes during every week of the season.

Per Betway chief executive Anthony Wekman:

“We are honoured to enter into a partnership deal with the Cleveland Cavaliers. The Cavs have proved to be one of the most consistent and exciting teams in the NBA in recent years and we’re looking forward to seeing the Betway brand associated with them.”

Multi-Year Integrated Marketing Campaign

The agreement, which will start during the 2021-22 NBA season, includes a multi-year integrated marketing campaign where the Betway brand will be displayed in broadcast-visible signage and commercial reads during Cavaliers’ games at the Rocket Mortgage Fieldhouse plus in an out-of-bounds space on the court surface.

Betway will also be advertised via the team’s official digital and social channels while also serving as the official presenting partner of the CavsHQ magazine style TV program on Fox Sports Ohio. In addition, Betway will also be a supporting partner of the Cleveland Wheelchair Cavaliers.

Sports Betting Inevitable in Ohio

Earlier this month, governor Mike DeWine boasted that it is only a matter of time before Ohio sports betting is legalized. A bill to legalize Ohio sports betting is was passed in the Ohio house in May 2020, its timeline has been delayed by the COVID-19 pandemic and the 2020 National elections. The Ohio Senate also introduced its own sports betting bill way back in March 2019 but it has not seen any movement in over one years.

Last January, Senator Matt Huffman announced the formation of an Ohio gambling committee to oversee the state’s gambling industry and to prepare the Buckeye state for the coming change. Committee chairman Sen. Kirk Schuring has made it clear that the state’s sports betting legislation before everyone’s voice is heard.

Governor Mike DeWine Says Sports Betting is Coming to Ohio

Odds Board and Money

Ohio is one of the few states that has yet to capitalize on the U.S Supreme Court’s 2018 decision to repeal the 1992 Professional and Amateur Sports Protection Act. But despite being left out by neighbors Pennsylvania, Illinois, West Virginia, Indiana, and Michigan which have legalized sports betting in their respective jurisdictions, the Buckeye State is optimistic.

Gov. Mike DeWine says that legal Ohio sports betting is a matter of “when” and not “if”. According to DeWine, legal sports betting in Ohio is “inevitable”. Said DeWine earlier this week:

“Sports gaming’s already in Ohio. Ohio’s just not regulating it. This is something that I think is inevitable. It’s coming to Ohio.”

Big Opportunity Awaits

Both sports bettors and industry observers believe that a big opportunity awaits the Buckeye State once it legalizes sports betting. The Buckeye State has the capacity to offer bettors with plenty of choices. Ohio has 11 casinos and racinos and each could be allowed up to three skins each.

Low tax rates, multiple skins, and a population of 11.54M (7th largest state) could be a boon for sports betting operators in Ohio with Research firm Eilers & Krejcik Gaming forecasting that the market is worth north of $600M.

Unsuccessful in the Past

Efforts to legalize Ohio sports betting have been unsuccessful in the past. In 2019, the Ohio Senate introduced a sports betting bill but it has not seen any movement after more than one year. Last year, a bill to legalize Ohio sports betting passed the House in May. However, the COVID-19 pandemic and 2020 National Elections have delayed the state’s timeline.

Failure to act before the legislative session in December means starting over with a new legislature and three of the primary sponsors of the old legislation are no longer in elective office which could be an issue. Still, DeWine is pretty much confident that 2021 will be the year the Ohio sports betting gets legalized.

Dan Gilbert Sells JACK Entertainment To Management Team

Ohio State Seal With a Jack Casino Background
Cleveland Cavaliers team owner Dan Gilbert is no longer in the Ohio casino industry.

According to a report from the Cleveland Jewish News, Gilbert sold the Ohio casino company to its management team last month.

Per JACK Board Chairman Matthew Cullen:

“As of December 2020, JACK Entertainment’s ownership has changed and no longer has any affiliation with Dan Gilbert’s family of companies. The JACK management team, who have been with the company since its inception, remains in place and now owns the controlling interest of the company.”

The Only Ohio-Based Gaming Operator in the State

Cullen did not disclose the financial terms of the deal but he revealed via email to CJN that JACK Entertainment has transferred its office from Detroit to Cleveland, making it the only Ohio-based gaming operator among the 11 gaming properties in the state.

In his statement, Cullen also added that he will continue to serve as the Chairman of the Board while Mark Dunkeson will retain his position as Chief Executive Officer. Cullen has spent over 10 years working in real estate, gaming, and other initiatives for Dan Gilbert’s family of companies.

Meanwhile, Dunkeson began working with JACK in 2013 and was named as President and COO of Bedrock Detroit LLC in 2019. Previously, Dunkeson was senior vice president of operations for the luxury brand division of Red Rock Resorts in Nevada. He has a 30-year experience in commercial gaming, resort and hospitality development.

Lease-Back Agreement With VICI Properties

JACK Entertainment operates JACK Cleveland Casino downtown and JACK Thistledown Racino in North Randall via lease-back with VICI Properties who purchased the two properties for $843M in 2019.

These two Ohio casinos combine for $400-500M in annual revenues. According to its website, JACK has a team of 1,400 members with 16 bars and casinos, and 150,000 square feet of gaming space.

JACK Cleveland was the first casino to open in Ohio in May 12. It was then called the Horseshoe Casino Cleveland owned by a partnership of Caesars Entertainment and Gilbert’s companies. The following year, JACK opened Thistledown as the second Ohio casino.

Ohio’s Casino Revenue Hit Record Levels in July

Back in March, the US casino industry was forced to shut down. Since that time, states have begun allowing their casinos to reopen, yet many felt it would be months, if not years, before revenue earnings returned to normal. Incredibly, Ohio’s casino revenue actually reached a record high in July.Great Seal of the State of Ohio

Gaming analysts are astounded to see how quickly things bounced back here. It seems like great news for casino companies around the country. Today, we’re going to look at how much money the state’s casinos managed to bring in last month.

Casinos Around the US Continue to Reopen

The US gambling industry took a massive hit back in March, as casinos around the country were forced to shut down. Some states indicated this shutdown would last longer than others. As many are aware, casinos play an important role for many communities around the United States.

As time goes on, more states are allowing casinos to reopen. Some states, such as Oklahoma and California, have seen their tribal casinos begin operating again without direct state approval. In Nevada and New Jersey, commercial casinos have been given the green light to start operating again.

This has been great for casino companies. Some health experts, however, fear that the reopening of casinos has contributed to the rise of Covid-19 cases around the United States. That’s particularly true in Nevada, which has seen a steep rise in coronavirus cases since casinos started accepting guests again.

The truth is that casinos needed to reopen in many cities around the country. Gambling revenue in places like Las Vegas has remained low, even after the city’s casinos opened back up. Most felt revenue figures would improve as the months went on.

That now appears to be true in Ohio. Reports are coming out that show gambling revenue in this state increased dramatically during the month of July. It’s exciting news for casino operators around the country, many of which have seen massive losses over the past few months.

So how much money did Ohio’s casinos actually earn?

Taking a Close Look at Ohio’s Casino Revenue in July

Many are surprised to hear that Ohio has a large and successful casino industry. Some of the gaming venues here are pure casinos offering both slots and table games. Others are “racinos,” which offer a limited number of casino games inside horse racing tracks.

July marked the first full month that casinos here were allowed to accept guests. Many analysts had questions about how the gambling properties here would fare amid the global pandemic. Fortunately, things seem much better than many had expected.

According to new reports, Ohio’s casinos and racinos set a record for the most revenue ever earned in a single month. Statewide, the traditional casinos here managed to bring in $86,407,151. That’s a major increase from July of 2019.

The Hollywood Casino Toledo set a new gaming revenue record. This casino managed to bring in an astounding $33,316,109 in July.

Prior to July, the most revenue this casino ever managed to bring in was $20,444,071. Many feel this shows that land-based casinos can thrive even with intense safety regulations set in place.

Jessica Franks, a spokesman for the Ohio Casino Control Commission, spoke to this development to the media this week.

“As best we can figure, Detroit’s three casinos have been closed until last week. And with the proximity of the Toledo casino to the Detroit area, we think a lot of those folks in Detroit came down to Toledo for gaming,” Franks said.

It’s unclear if Ohio’s casino revenue will continue to surge for months to come. We’ll continue offering updates as the weeks go on!

Ohio Lawmakers Are Still Hesitant to Legalize Sports Betting

States around the country are struggling to generate revenue at a time when it’s desperately needed. Many feel the gambling industry is one way for these states to earn money. Ohio is clearly profiting off its casinos yet lawmakers here remain hesitant to embrace the sports gambling industry.

That’s surprising to see. Since the removal of PASPA in 2018, more than 20 states have officially legalized sports betting. Most of these states are earning a huge amount of revenue from their regulated sports gambling platforms. That includes New Jersey, one of the first states to legalize this popular form of gambling.

There’s still a chance that sports betting legislation gets approved here in 2020. Ohio’s House approved a sports betting bill in May and with Senate approval, a measure to legalize sports betting could appear on this year’s ballot.

This seems more likely now that Ohio’s casino revenue is surging. Lawmakers can now see how the gambling industry can benefit the state.

We’ll continue offering updates on this situation over the next few weeks.

Are you surprised to see how much money casinos in Ohio managed to generate? Let us know in the comments section below!

Ohio Sports Betting Bills Face Stalemate, While Neighboring States Advance

Ohio State FlagAs of Spring 2019, two sports betting bills have been sitting, unmoved, in Ohio legislature:

  • OH SB 111 resides in the state Senate and aims to have the Ohio Casino Control Commission in charge of regulating sports betting.
  • OH HB 194 is in the state House and if legalized would appoint the Ohio Lottery as the regulatory authority over sports betting.

While it’s clear that these two Ohio sports betting bills have been locked in stalemate for months, the path to get out of it is unclear. With the Super Bowl only weeks away, sports wagering’s peak season, it comes as a shock that there hasn’t been a bigger push to move these bills forward, given the sensitive timeline.

Sen. John Eklund gave this statement last month, regarding the status of the legislature to this issue:

“The heavy lifting in terms of educating members, gathering info, caucusing, I think in my opinion, we’re coming to the end of that line. I know it’s taking a long time, but that doesn’t mean nothing’s going on. We’re working very hard to get this just so.”

Comments from the Speaker of the Ohio House of Representatives, Larry Householder, however, seemed to indicate different views:

 “The Senate at this point seems pretty committed to keeping it with the casinos. So we’ll just have to figure it all out.”

Ohio Falls Behind Neighboring States

Since Eklund’s comments last month, Ohio’s northern neighbor, Michigan, officially legalized both retail and online sports wagering. Kentucky, Ohio’s southern neighbor, has also sent a sports betting bill to their House floor and the bill looks to be in prime position to be signed into law with the governor supporting the bill.

Ohio now sits in between three states with active mobile betting that does not require in-person registration. That means that residents who live near the borders of Pennsylvania, West Virginia, or Indiana can all hop over the state line, place their bets, and come back to Ohio. This issue will seemingly only be accelerated when Michigan launches its own sports wagering apps.

Meanwhile, OH HB 194 has had a total of eight hearings conducted in the House Finance Committee since being introduced and has yet to reach the House Floor. Similarly, OH SB 111 has had two hearings in the Senate committee of General Government and Agency Review with no luck of obtaining a full vote from the Senate.

What’s the Hold Up?

What the hold up is really coming down to a disagreement over which state agency should regulate betting on sports.

Senate President Larry Obhof and Gov. Mike DeWine said they’re in favor of making it legal in Ohio’s 11 casinos and racinos, so long as it’s overseen by the Ohio Casino Control Commission. It would levy a 6.25% tax, with proceeds going into the state’s general fund. The Senate bill has only received two hearings so far.

Householder supports putting the Ohio Lottery Commission in charge, which could grant permission to small businesses like bars and restaurants and fraternal organizations to have sports betting terminals. It calls for taxing betting receipts at 10%, dedicating the net proceeds for education and gambling-addiction programs. The House version got eight committee hearings, but hasn’t gotten a hearing since December, with Householder saying it wasn’t quite ready for a full vote.

Both the Senate and House versions would allow for mobile betting, with neither version raising much money for the state. Casino companies generally prefer that the Casino Control Commission regulate the industry, though they’re not too pressed about which bill gets passed.

 

Ohio’s Gambling Revenue Continues to Increase

Casinos in Ohio are enjoying considerable success right now. New reports indicate that Ohio’s gambling revenue has increased for the second straight month. Almost all of the state’s gaming venues saw an increase in earnings last month.

US Cash Bills

It’s fantastic news for this state, which is currently deciding whether or not to expand its gambling options. Let’s take a quick look at how much gaming revenue has increased in Ohio, and what new gambling services may soon become available here.

Casinos Help to Boost Ohio’s Gambling Revenue

It’s a great time to be a gambling operator in Ohio. Today, there are 5 land-based casinos in this state and seven “racinos,” offering casino-style games and horse racing odds. In July, gaming revenue in Ohio increased for the second straight month.

The five casinos and seven racinos took in $164.3 million in July. This represents a 4.2% increase compared to the same month in 2018. Total casino revenue was $71.4 million, while racinos brought in $92.9 million.

Almost all gambling venues in the state saw their revenue earnings increase. Only MGM Northfield experienced a revenue decline. This casino’s profits fell by 3.2% in July. It’s disappointing news for the casino and MGM overall, which is also experiencing issues with one of its major casinos in Massachusetts.

MGM Springfield, located in Springfield MA, has been struggling to compete in the newly competitive Massachusetts casino market. Just a couple of months ago, Wynn Resorts opened the Encore Boston Harbor in Everett. This casino is proving to be massively successful, resulting in a decrease of gamblers at MGM Springfield.

MGM is having a rough few months. Fortunately, all of the other casinos in Ohio are surging. Recently, lawmakers in this state have discussed adding new gambling options to the state.

Sports Betting in Ohio May Just Around the Corner

In May of 2018, the US Supreme Court struck down PASPA. With this set of laws now gone, every state can set laws on the sports betting industry. 13 states now have active sports gambling platforms up and running. Another six have passed sports betting legislation and will launch sportsbooks within the next few months.

Last year, five Ohio Senators presented formally presented a bill to legalize and regulate sports betting. Unfortunately, lawmakers in this state have been at odds over which group should control the sports betting industry. Governor Mike DeWine has called for the Casino Control Commission to regulate this new market. Several state representatives believe the Ohio Lottery Commission should be given regulatory authority.

Hopefully, politicians here can come to an agreement. Everyone recognizes the massive earning potential from sports betting. States like New Jersey and Pennsylvania, which began regulating the sports betting in the past two years, are earning millions of dollars every month from the industry.

Regulated sports betting would help to significantly increase Ohio’s gambling revenue. It’s clear that residents here love to gamble.

US Casino Industry Grows Stronger Every Year

Ohio isn’t the only state to experience an increase in casino revenue earnings. Many states around the country are now choosing to expand their gambling operations. US casino competition has never been more fierce and is likely to increase over the next several years.

Illinois is one state actively working to expand its gambling industry. Not long ago, lawmakers here approved a new capital plan to add five more casinos. For the first time ever, a casino will be constructed in Chicago. Hope is that these additional gaming venues bring the state millions in additional revenue each month.

Pennsylvania has also begun to add more casinos. Lawmakers here approved plans for 10 additional satellite casinos to open around the state. These “mini-casinos” will be operated by casinos that already run here.

If Ohio’s gambling revenue continues to increase, lawmakers here may choose to add more gambling establishments, as well. A regulated sports betting market and additional casinos could make Ohio one of the most lucrative gambling hubs in the midwest.

Things are definitely looking good for casino companies here. Make sure to stay tuned for more Ohio casino news over the next few months!

Ohio Gambling Revenue Increases in July

The casino industry in Ohio is booming. According to new reports released by Ohio’s Lottery and Casino Control Commission, gambling revenue in this state increased in July. Interestingly, Ohio gambling revenue is up thanks mostly to racinos operating here. State Flag Of Ohio

Now is the perfect time to look at what’s happening with this state’s gambling industry. We’re also going to talk about the likelihood of sports betting become legal here. Let’s get into it!

Ohio Casinos Bring in Major Revenue Last Month

Ohio is well-known to have one of the most passionate gambling fan bases in the country. There are eleven gambling establishments in this state, four of which are stand-alone casinos, while seven are “racinos” offering casino-style games and horse racing odds. For years, these gambling venues have brought in millions of dollars via taxes

July proved to be one of the most successful months of the year for casinos here. Reports show that overall gambling revenue in this state rose by 2.3% for a total of $162.2 million. Casinos in the Cleveland area experienced the largest revenue increase.

Slot machines in racinos near Cleveland brought in the most revenue last month. The revenue from these slots rose by 3.3% to $91.9 million. Slots and table games inside traditional land-based casinos brought in $70.4 million for a revenue increase of 1%.

Nearly 30% of Ohio gambling revenue goes directly to the state in the form of taxes. This money is used to fund public education. Many are now calling for Ohio to legalize sports betting, which is proving to be one of the most lucrative forms of wagering allowed today.

Ohio Revenue Will Increase With Legal Sports Betting

For decades, the only state legally allowed to offer sports betting odds in the United States was Nevada. In May of 2018, this all changed. That year, the US Supreme Court decided to strike down PASPA, the set of laws limiting sports betting to Nevada.

Almost immediately afterward, several states began introducing legislation to legalize and regulate sports betting. New Jersey was the first to offer sports betting and is now earning millions of dollars each month through the industry. Other states including New York, Pennsylvania, and Rhode Island now allow sports gambling, as well.

Most agree that Ohio gambling revenue will increase substantially with legal sports betting. Lawmakers in the state seem to agree. In July of 2018, five Ohio senators introduced a bill to fully legalize sports gambling. The one-page bill lacks specific details on how to regulate the industry, yet offers a basic outline for full-scale legalization.

It seems likely that sports betting will become legal here within the next few years. Most states are realizing the massive revenue potential from this industry. There’s a chance that Ohio will begin regulating online gambling, as well.

Online Gambling in Ohio Growing More Popular Than Ever

If sports betting is the big thing in gambling right now, online gambling is the thing of the future. More people around the country are choosing to make their bets online, despite most states have no regulation of the internet gaming industry. Ohio is one such state.

There are a huge number of safe, fun online casinos in Ohio. Strangely, the state government has shown little willingness to regulate these websites. As a result, they pay nothing in taxes. This may change in the future, though.

Some states, including New Jersey, now regulate online casino gambling. These states use geo-location to allow internet gambling within the state borders. It’s extremely convenient for those looking to make some wagers from the comfort of home.

This industry would also help to raise Ohio gambling revenue. Thousands of people in this state are betting online already. With regulation, the state could finally begin to earn valuable tax money through its internet gambling fans!

What do you think Ohio should change about its gambling industry? Will sports betting be legal here soon? Stay tuned for updates!