Execs partner with Ohio high school

A high school in Ohio is among the latest applicants for sports betting licenses as the state’s official launch on January 1, 2023, is fast approaching.

Out the Gate, a new sports betting operator led by former Don Best Sports executives, is partnering with a high school to apply for a sports betting license in the state of Ohio.

In June, the Ohio Casino Control Commission approved a timetable for the official launch of sports betting, both retail and mobile, which would be the biggest gambling expansion in the state’s history.

There will be 25 Class A licenses available for casino operators, professional sports teams and venues, each of which could team with up to two online skins, according to the sports betting bill that was passed into law by Governor Mike DeWine.

The 25 Class A licenses seem to be more than enough with four remaining, as Ohio hosts eight professional teams, NASCAR and the PGA and eleven casinos and racinos.

40 Class B will only be available to retail sports betting operations. Class C licenses will allow restaurants and bars with a liquor license to offer sports betting self-servicing or clerk-operated kiosks at their venues.

Bet365 and Tipico were among the latest to apply for a sports betting license in Ohio. Bet365 was associated with MLB’s Cleveland Guardians while TipICO was associated with the Columbus Crew.

Despite not having a sports betting product yet, Betfred and Fanatics agreed on a deal with the Cincinnati Bengals of the National Football League and the Columbus Blue Jackets of the National Hockey League. The Cleveland Browns and Bally’s both applied for a license to play in the National Football League.

MLB franchise Cincinnati Reds and MLS team FC Cincinnatti joined forces with fantasy sports operator Underdog and Circa Sports’ Superbook, while the NBA’s Cleveland Cavaliers applied in partnership with Fubo.

Hollywood Casino Toledo in partnership with DraftKings, Hollywood Casino Columbus with Penn’s Barstool Sportsbook, and Hollywood Gaming at Mahoning Valley all applied for a sports betting license. Delaware North/Churchill Downs Miami Valley gaming are also available for mobile partnerships.

Following the opening of the application process on June 10, BetMGM, a sports betting operator with a license in Curaao and focus on the Latin American region, was one of the first to apply.

Summary:

Spire Institute, a high school focusing on sports, has partnered with Out the Gate, a new sports betting operator led by former Don Best Sports executives, to apply for a sports betting license in the US state of Ohio. Bet365 and Tipico were also among the latest applicants for a sports betting license in Ohio.