Ohio Sports Betting: OH Promos & Bonuses 2024

Ohio Sports Betting Promotions

Sports betting in the United States has grown massively in recent years following its legalization in 2018. Over 33 states have made sports gambling, with numerous sportsbooks entering the market.

Ohio is the latest state to legalize sports betting, which will take effect on 1 January 2023. Even better, some of the best sportsbook companies offer handsome promos and bonuses for new sports. Reportedly, over 25 sportsbooks are set to launch in 2023.

Understanding The Sports Betting Scene In Ohio

The Governor of Ohio, Mike DeWine, on 22 December 2021, allowed HB 29 into law. It led to the legalization of both retail and online sports gambling.

Following the law’s passing, Buckeye State launched 16 online sportsbooks on 1 January 2023. The state currently has over 20 betting apps that are entirely legal.

Only people who are 21 years or older are allowed to do retail, mobile, or online sports betting. Also, sports bets should be done within state lines. If you plan to wager in person, you can do it at one of the state’s licensed casinos.

The state also allows wagering on licensed intercollegiate sports events. Unlike some states, it will enable bets on college player props and futures.

Check below the 20 betting apps in Ohio as of 2023 and their best feature:

Note: The list may likely change with the launch of new sportsbooks.

How Does Online Sports Betting Work In Ohio?

Online sports betting is legal, allowing bettors to sign up and create accounts easily. You can make minimal deposits and start your betting journey. Ohioans can make deposits, place bets, and claim bonuses within the state.

The Ohio Sports Betting Regulating Authority asks for 25 Type-A licenses for professional sports teams, casinos, and venues. These licenses will be given to two online skins.

In addition, 40 Type-B licenses are for the state and apply only to retail sportsbooks. The Type-C licenses are for clerk-operated or self-service kiosks in restaurants and bars with legal liquor licenses. The Ohio Casino Control Commission has permitted hundreds of these licenses.

Best Sportsbooks In Ohio

There are numerous sportsbooks to choose from, and picking one would be pretty challenging. If you’re new, here are some of the sports betting apps to get started with:

Bet365 Sportsbook

Bet365 is currently legal in seven states, Ohio being one of them. It’s one of the most well-known sports betting apps in North America. The online sportsbook offers seamless navigation and has a user-friendly interface. It provides a range of betting options, and Ohioan bettors also receive odds boosts regularly and favorable conditions on bonus bets.

Sign-up bonus: $150 in bonus bets or $1,000 First Bet Safety Net

Payout period: 0 to 5 days

FanDuel Sportsbook

FanDuel is a household name among regular sports bettors. It’s one of the best sportsbooks with a massive number of users. Its intuitive layout makes this betting app an excellent option for betting markets. In addition, there are promos and bonuses based on region.

Sign-up bonus: Bet $5, win $150 in bonus bets

Payout period: 1 to 7 days

DraftKings Sportsbook

The list would be empty without mentioning DraftKings. It’s one of the best sportsbooks, offering a wide range of betting markets and options. It is even better for new users because of its exciting welcome bonus and promos. The online sportsbook regularly offers promos and timely payouts.

Sign-up bonus: Bet $5, get $150 + No Sweat SGPs

Payout period: 1 to 7 days

Caesars Sportsbook

Caesars Sportsbook is also one of the best betting sites in Ohio. You can operate both on desktop and mobile apps. It offers a welcome bonus of up to $1,000 for new users. It also offers an exciting rewards program and a sleek user interface.

Sign-up bonus: $1,000 First Bet on Caesars

Payout period: 1 to 5 days

BetMGM Sportsbook

BetMGM, also called the ‘King of Sportsbooks, ‘ welcomes you with an excellent bet offer of up to $1,500 in bonus bets. It features competitive odds and several banking options and betting markets. Overall, it is an ideal betting site offering a smooth user experience.

Sign-up bonus: Up to $1,500 back in bonus bets

Payout period: 2 to 8 days

Betting Payment Options In Ohio

Online sportsbooks in Ohio provide several payment options, making it easier for you to transact without hassle. Bettors can make deposits as low as $5, depending on the betting apps.

Some of the ways to fund betting account online for Ohio bettors are:

• Venmo
• Discover
• MasterCard
• Sportsbooks gift cards
• Visa
• Apple Pay
• ACH Transfer
• American Express
• Pay Pal
• Play+

Sport Betting Taxes In Ohio

Sportsbooks in Ohio are taxed at a rate of 10%. The revenue from tax goes to the SGPEF (Sports Gaming Profits Education Fund). This income from sports betting is dedicated to the private and public schools in Ohio.

The state’s General Assembly has the authority to allocate the money. However, it’s made mandatory to give 50% of the fund for extracurricular activities. The licensing fees from sportsbooks are also transferred to SGPEF, but 0.5% is reserved for the Sports Gaming Profits Veteran Fund for different initiatives.

Additionally, 2% of revenue from sports betting is allocated to the Problem Sports Gaming Fund. The programs under this fund are not specified but are created to help people with gambling problems. The state has also created a nine-member committee to look into issues related to gambling.

Ohio Sports Teams That You Can Wager On

Ohio has a population of over 11.8 million and has many sports enthusiasts. It’s not surprising that the sports betting industry invests in this state due to the scope it offers.

If you’re a new bettor, here are some of the sports that you can bet on:

Cincinnati Bengals

The club was established in 1967 and joined AFL before merging with NFL. It has yet to win a Super Bowl but has participated thrice, losing Super Bowls XVI and XXIII to the San Francisco 49ers and the Los Angeles Rams in LVI.

Cleveland Cavaliers

If you’re a basketball enthusiast, you have likely heard of the Cleveland Cavaliers. The club was established in 1970 and was a strong team in the mid-80s and the 90s. In 2003, the Cavaliers revived with the selection of Lebron James to the team. It won the Eastern Conference title from 2015 to 2018 and the NBA Championship in 2016.

Cincinnati Reds

Cincinnati Reds won the first World Series in 1919 against the Chicago White Sox and another in 1940. It enjoyed a dominating status in the 1970s.

Cleveland Browns

The original team, named after the coach Paul Brown, first played in 1946. It moved to Baltimore and became the Ravens in 1996.

The original Browns first played in 1946, named after their head coach, Paul Brown. In 1996, that team moved to Baltimore and changed to the Ravens. In order to acknowledge the move, the NFL guaranteed Cleveland City a team under the old brand, name, and logo some years later.

Columbus Crew

The Columbus Crew was formed in 1994 and was one of the original MLS teams. In 1996, the team kickstarted the season, and in 2008, they won the MLS Cup, beating the Seattle Sounders. The team also won in 2020, beating the New York Red Bulls.

Columbus Blue Jackets

Columbus Blue Jackets started its inaugural season in 2000. In 2009, the team had their first playoff appearance. The Blue Jackets have yet to win the Stanley Cup.

Cleveland Guardians

Cleveland Guardians was founded in 1894 and has played under different names over the years. It includes Lake Shores, Indians, Rippers, Naps, Blues and Broncos. In 2021, it changed to the Guardians and won two world series in 1920 and 1948.

Conclusion

Despite being new to the sports betting industry, Ohio has established immensely within a short span. It has permitted over 20 sportsbook apps to operate in the state and is expected to do more in the coming years. Additionally, the revenue from the tax is also put to good use, such as for public and private schools, veterans, and people with gambling problems. Overall, the state has made a balanced approach to gambling and social responsibility.

Last Updated on December 22, 2023