Applicants for a Type A License, which permits a company to operate at least one mobile sports betting app, must pay a $150,000 fee. The applicant must also cover the cost of any criminal record checks the OCCC mandates.
A Type A License, available to Ohio’s pro sports teams, casinos, and racinos, could cost up to $2.5 million. The license holder may reach contracts with up to two mobile sports betting vendors such as DraftKings, BetMGM, Caesars, BetRivers, FanDuel, PointsBet, or Unibet.
The first skin requires a $3 million payment to the state of Ohio. A second skin, available to an entity that can show a verifiable economic benefit to the state, will cost $10 million.
For a Type B License, which will be issued to retail stores, the store owner must pay a $20,000 fee. The costs of any mandated criminal record checks must also be covered. A Type B License will cost between $90,000 and $140,000.
What’s going on here?: Is Ohio sports betting legal?
How Ohio Sports Betting Wagers Can Be Adjusted
The OCCC also shared how a sporting event can be added to the list of approved wagering events. It also detailed how to request adding a new type of wager for an already approved event. In either instance, a sports gaming proprietor must submit the request to the OCCC’s executive director.
The request must be made at least five days before the first requested offering of the event or wager. The executive director will review and approve or deny any requests for additions or changes.
A sports governing body (i.e.: NFL, MLB, NBA, NHL, NCAA) may submit a request to prohibit or restrict wagering on any type of sporting event or type of wager in the catalog of approved events/wagers. The executive director will determine whether there’s a good cause to grant the request.
Decisions can be appealed if the executive director determines good cause has not been shown. Any appeals hearing will be heard by an attorney of the OCCC, who will issue a recommendation.