Historically, Ohio was not a state which embraced gambling. Gamblers in Ohio need to travel to different states like Pennsylvania, to enjoy gambling experience. However, when the budget deficit enlarged, the state required a new source of revenue. Increasing taxes was not a useful tool. Hence, they relaxed limitations on betting and online gambling in Ohio. In 2009, during the crises, the state-approved licenses for four Vegas-style casinos. Those casinos were located in the busiest cities. Only after 3-4 years, the casinos started operating. Currently, here are 15 land-based casinos and seven horse racetracks. Thes racetracks offer online services, too. Besides, the Ohio Racing Commission regulates its activities.
The state also expanded legislation on slot machine games. They included a video lottery terminal into the seven racetracks. Those terminals work just like slot games. However, officials consider it a type of lottery rather than a slot machine. Additionally, sweepstakes in Ohio is also a popular way to promote products and enjoy the pastime. However, an open attitude toward gambling also brought some difficulties. The revenues of casinos dropped considerably. The experts claim that the drop is due to excessive supply. They thought there are not enough gamblers to spend dollars in so many casinos. However, the number of gamblers increases day by day.
Legislation toward online gambling in Ohio is not prohibitive. No law limits playing on an online platform. However, the state also does not regulate online betting. Players should keep in mind that betting on online platforms outside US legislation is a crime, and they can face penalties. The state claims that many of the outsiders are locating in less regulated countries. Hence, the safety of the players is not considered. It is possible to play in casinos under US regulations. Besides, there does not exist any online poker sites. Poker can be performed only in the land-based casinos. Also, online sports betting is not allowed in Ohio. The state does not authorize any of the sports bettings. Nowadays, players tend to show more interest in fantasy sports as there is no official law regarding this area.
As already mentioned, online gambling in Ohio is an excellent pastime activity. For now, it is only friendly toward gambling under many conditions. Relaxing those regulations can bring a lot of gambling revenue to the state. In this way, Spectrum Gaming Group recommended a study that indicated benefits and revenues the state can realize if they regulate. The considerable success of neighboring Pennysylvania states in terms of tax revenues of gambling set an excellent example for Ohio.
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