In total, 22 sportsbooks have applied for a license to operate on Jan. 1, 2023, when the Ohio sports betting market starts accepting legal bets. Among that group is Out The Gate, Inc., an unfamiliar name in the industry.
Out The Gate has applied for both a mobile and retail sports betting license, according to the Ohio Casino Control Commission website. Its partner is SPIRE Institute, a multi-sport training facility located in Geneva.
The launch of Ohio sports betting is much-anticipated in the industry, which last saw a large state enter the market in January when New York came on board. That state has quickly become the largest in terms of total sports betting handle in the U.S., and Ohio could potentially be the biggest sports betting market in the Midwest.
The State of Ohio has been cautious with the pace of launching sports betting, after legalizing it late in 2021. Legislators and state officials are hopeful that their careful planning will result in a blossoming debut in January. The market launch will coincide with the completion of the NFL regular season and the commencement of the playoffs. The 2023 Super Bowl will be played in February — five weeks after Ohio launches legal sports betting.
According to the OCCC, the state will accept additional license applications after Jan. 1, 2023, when a new period will open for adding sportsbooks. It is possible that as many as 22 sports betting apps could be on the market in the Buckeye State on New Year’s Day.
How much money?: What to expect from Ohio sports betting revenue at launch
What is Out The Gate Sports Betting?
Out The Gate Sports, Inc. (OTG) is based in Cherry Hill, N.J. It’s led by two former members of Don Best Sports: CEO Christopher Kape and CFO Robbie Manis. The company’s website states that OTG also offers Daily Fantasy Sports games, and “a full range of mobile & online table games and slots.” OTG also has products offering poker and betting on horse racing.
Not much is known about features and odds that may be available from the Out The Gate sportsbook, but we can be confident that it will allow for safe and easy transfer of funds in and out of the app, as well as betting on the sports that are allowed in Ohio (pro and college, in-state colleges included, and also European Soccer, racing, and other competitions).
About SPIRE Institute
According to its website, the SPIRE Institute is an expansive venue dedicated to providing a positive place for athletes and student/athletes:
Our complex is one of the largest indoor, multi-sport, training and competition facilities in the world. With more than 750,000 sq. ft. under our roof and acres of outdoor recreational space, SPIRE has the unique capacity to simultaneously host a residential academy, clubs, leagues, tournaments and championship events, no matter the weather or the season. Every consideration has been taken to create an unparalleled experience.
Spire boasts an impressive list of ambassadors, including Caeleb Dressel — a seven-time Olympic Gold Medalist swimmer — as well as 12-time Olympic swimming medalist Ryan Lochte. Others include former NBA star and Basketball Hall of Fame member Dikembe Mutombo.
What Will Sports Betting be Like in Ohio?
Some important facts about legal sports betting in Ohio:
- The legal sports betting market in Ohio will open on Jan. 1, 2023.
- Mobile sportsbook apps, websites, and retail sportsbook betting will be available.
- Ohio bettors can place wagers on the Bengals, Browns, Guardians, Ohio State Buckeyes, University of Cincinnati Bearcats, and many others.
- Wagers may be placed on in-state college teams.
- Unlike some other states, Ohio will allow approved sports betting kiosks at licensed locations. This may include saloons, racinos, supermarkets, convenience stores, and inside sporting venues.