The state of Ohio has implemented a ban on player prop bets for college sports, making it the first state to do so. This decision comes after a letter from the NCAA urging states to restrict such bets. Several sportsbooks have left the Ohio market in 2024, including SuperBook, Betway, and Betfred.
Ohio became the first state in the union to institute a ban on player prop bets for college sports in 2024. Buckeye State lawmakers were late to the party legalizing sports betting. While Governor Mike DeWine signed HB 29 to legalize sports betting in December 2021, the Ohio sports betting market didn’t open the first day of the year in 2023, almost five years after the U.S. Supreme Court overturned the federal ban on new sports betting legislation.
However, in almost two years of sports betting, the Ohio sports betting market has become one of the biggest in the U.S., with around $900 million in revenue in 2023 and near $1 billion in revenue expected for 2024. Besides increased revenues, 2024 was exciting for Ohio sports betting. Some new sportsbooks came to the Buckeye State, while other operators left the market for college sports. This was in response to a letter from the NCAA sent in January. Many other states have banned college prop bets following Ohio's ban. SuperBook Sports announced it would leave the Ohio sports betting market. SuperBook also shut its operations in other states, including Arizona, Colorado, Iowa, Maryland, New Jersey, Tennessee, and Virginia. Super Group, Betway’s parent company, officially left the U.S. betting market. Betway ended its sports betting operations in Ohio, Arizona, Colorado, Indiana, and a handful of other states, citing poor returns and a lack of opportunity for future growth. Betfred, which partnered with the Cincinnati Bengals as one of the first legal Ohio sportsbooks to go live on Jan. 1, 2023, shut down its operations in the Buckeye State. Before closing, Betfred accounted for less than 0.5% of Ohio’s overall sports betting handle. Senator Niraj Antani introduced Senate Bill 312, a bill that would legalize online casinos in Ohio. Lawmakers later sent the bill to the Ohio Senate Finance Committee in November 2024. to reduce the Ohio sports betting tax rate from 20% to its original rate of 10
LEGISLATION GAMBLING COLLEGE SPORTS PLAYER PROP BETS OHIO SPORTS BETTING NCAA
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