7 Things You Should Know About Sports Betting in Ohio

Summarized by: Live Sports Direct
 
7 Things You Should Know About Sports Betting in Ohio

Sports betting in Ohio is no longer illegal. It's only legal with licensed sportsbooks. There are only twelve of them in the entire state. You should double and triple check if the sportsbook is legitimate. You can bet in person at a sporting event, online or in a kiosk. Some sports books only provide limited service. They have their own proprietary data and algorithms. The best sports book offers hybrid options for their customers. For more information, visit Sports Betting inOhio.com. In the state, you can find some of the best books here.

Ohio restricts what bets you can make in 2023. Minimum bet is 10 cents. Maximum bet limit is maximum 10$. Bet winnings are taxable income. You have to keep a record of all bets and their related earnings. You need to give the IRS an accurate report when tax season comes in April of next year. If you earn a lot, it's a good idea to set some money aside to pay your taxes.

Sports betting in Ohio is legal. Only licensed sportsbooks can accept wagers. There is a limitation on age.