Ohio ushers in New Year with legalized sports betting

Ohio legalized sports betting on January 1, 2023. Apps, casinos, bars, grocery stores, and restaurants will have kiosks where gamblers can place bets. Kroger, Paycor Stadium, Great American Ballpark, Cincinnati's Paycore and BetMGM will be participating. The Reds and Bengals already have partnerships with sportsbetting companies. Sports gambling legal expert Daniel Wallach says the teams have no choice but to participate in the sports wagering framework. Trillions Sports Bar in West Chester is taking advantage of the opportunity. It allows bars and restaurant to apply for an on-site kiosk.

In October, gamblers placed $840 million worth of bets on sports in Indiana and $500 million in Michigan. Ohio has a 10% tax on betting. The tax revenue will go toward education and youth sports programs. The state will collect more than 10 times more taxes than Indiana. It will also collect a higher percentage of the revenue. There will be a two percent tax to help with addiction and problem gambling.