Since the U.S. Supreme Court legalized sports betting in all 50 states less than a year ago, many states have been racing to get in on the action.
And with a lot of discussion going on in Ohio, the Buckeye State may be added to the list soon.
“If we want to hold on to our casino industry and not see it erode, then it’s almost mandatory that we have sports books in our casinos and racinos in Ohio,” said Kevin Braig, an attorney.
Although the American Gaming Association says that around $150 billion is spent on sports betting per year, experts contradict the statement, arguing that the profit margin are very small.
Currently, the Buckeye State has two proposals for sports betting: one asks for ten percent of the profits and the other is collecting six and a quarter.
With surrounding states, such as West Virginia and Pennsylavia, already legalizing sports betting, Braig believes the proposals are a neccessity for the state’s sports betting population.
“If other states have it but Ohio doesn’t, the sports betting population will definitely drive across a state line and go to a casino that has a sports book, as opposed to coming to an Ohio casino that does not have one,” said Braig.