FYI we'll be posting EVERY Ohio sportsbook welcome offer here tomorrow on launch day
As for right now - here's everything bettors in Ohio need to know:
- The Ohio Casino Control Commission laid out its initial event and wager catalogue in November that has three basic wager types: generally approved, requiring special approval, and forbidden.
- Forbidden wager types include "statistical actions of coaches, officials, or referees," such as penalty flags thrown during a game. Also banned is wagering on "inherently objectionable outcomes," such as injuries, as well as halftime performances or national anthems before a game. Betting on the coin flip of the Super Bowl or otherwise is also prohibited, as is wagering on the color of Gatorade that may be dunked on a coach. Furthermore, betting on grade school or high school sports is not allowed.
- The casino control commission has a fairly comprehensive list of things on which people can bet. Generally approved wagers are those put on by legitimate sports governing bodies, such as the NFL or NBA, and based on statistics that can be proven by a box score or otherwise. Those wagers must be based on the performance of athletes and the outcomes on the field of play.
- This means a bunch of bets are possible, as the OCCC's approved sports governing bodies range from the Australian Football League to the Xfinity Series of NASCAR. And spreads, moneylines, player props, parlays, and more are all possible given the state’s criteria.
- There are wagers that require specific approval, such as awards and draft outcomes. As of Friday, there were at least 45 such betting markets approved, including most valuable player awards and some NFL Draft offerings.
- Sportsbooks are allowed to take wagers beginning at 12:01am on January 1.
- Ohio is imposing a 10% tax on net revenue from sports betting done online and at brick-and-mortar sportsbooks.
- Out of the money generated from sports betting, 98% will be dedicated to education and school sports, while 2% will go to a problem gambling and addiction treatment fund.