Roughly four months ahead of its launch of the best Ohio sportsbooks, the Ohio Casino Control Commission has tweaked a rule to make it easier for winning sports bets to be cashed at non-kiosk locations.
Ohio will launch its sports betting market for retail sportsbooks and online sports betting apps just seconds into the new year on Jan. 1, 2023.
Previously, Rule 3770:3-8-02 was interpreted to mean that sports bet winnings at a kiosk would need to be paid by that location. But several restaurants and bars and other establishments expressed concern at having to keep large sums of money on hand to pay out sports betting winnings.
The Ohio Casino Control Commission has clarified that winnings from sports betting kiosks at a Type C proprietor can be cashed out at non-host locations, such as lottery retailers.
“We have clarified Rule 3770:3-8-02 to make explicitly clear,” Ohio Lottery Director Pat McDonald wrote in a letter explaining the decision. “This was always the Lottery’s intention but is now clarified in rule to avoid stakeholder confusion on this issue.”
What are Betting Kiosks in Ohio?
When Gov. Mike DeWine signed sports betting into law in December of 2021, the bill authorized three types of sports betting:
- Sports betting at retail sportsbooks
- Online sports betting via websites or mobile apps
- Sports betting kiosks
Perhaps the least understood of those three is betting kiosks, which not all jurisdictions have permitted in other states.
Kiosks are terminals installed in qualified locations that enable the customer to place sports wagers, deposit money, and even cash out winnings. Kiosks are typically found at race tracks, in bars, restaurants, convenience stores, supermarkets, or any other location that is for-profit and also has a valid liquor license.
Sports betting kiosks vary, but some of the systems enable live betting odds and multiple sportsbooks for the convenience of the consumer. In some cases, a sports betting kiosk may be limited to one sports betting operator, depending on the location. According to the OCCC, state officials have pre-authorized in excess of 1,100 Ohio businesses who have applied to host sports betting kiosks under the Type C license.
How You Get Paid if Your Sports Bet Wins at a Kiosk in Ohio
According to the Ohio Lottery, winners from sports betting kiosks in Ohio can redeem that wager in one of four ways:
- At the location of the kiosk, if the host has enough money to do so
- At any Ohio Lottery office
- At a location that sells lottery tickets and has opted-in to accept sports betting winners
- Via mail
Ohio also allows casinos, as well as professional sports teams, stadiums, and other athletic venues to apply for gambling licenses. This activity, as well as the regulation of sports betting kiosks, is regulated by the Ohio Casino Control Commission.
Estimates by the Ohio Legislative Service Commission, performed by an independent auditor, predict that sports betting (retail, online, and kiosks) in Ohio could generate as much as $3.3 billion in revenue annually by 2030.
The state will collect a 10% tax on net revenue, with most of the funds going to public and private K-12 education programs. Two percent of the tax revenue will be used to create problem gambling resources.
Ohio Sports Betting FAQs
When can I bet legally on sports in Ohio?
The market will launch just after midnight on New Year’s Day in 2023. You will be able to wager online or at any retail sportsbook open at that time.
Which sports can I bet on in Ohio?
Ohio has yet to release its betting catalog of sports, but the law allows for wagering on the NFL, NBA, MLB, NHL, racing, MMA/UCF, professional tennis and golf, rugby, European soccer, and many others.
You will also be able to wager on most collegiate athletic events, including NCAA Football and NCAA Basketball. Ohioans will be permitted to wager on in-state schools such as Ohio State University, the University of Cincinnati, Bowling Green University, and others.
Can I bet on sports before the launch date?
Consumers should be careful leading up to Jan. 1, 2023, when legal sports betting is available in Ohio. Offshore illegal sportsbooks often target customers in a jurisdiction where legal betting is soon to open. These illegal sportsbooks appear as if they are legitimate, but can defraud you of your funds. Remember: betting with an offshore sportsbook is illegal, and you are not protected by the same laws that you are under legal sportsbooks.