Ohio regulator proposes extending time for sports betting licensees to open

Thursday, May 2, 2024 7:45 PM
  • Guy D'Astolfo, The Business Journal

With some sports betting license holders hitting roadblocks in their efforts to get started, the state is considering a measure that would give these licensees some breathing room.

Under the current rule, entities that do not accept a single wager by July 1 will lose their license. But a proposed rule change being considered by the Ohio Casino Control Commission would give the agency’s executive director discretion on whether to revoke a license.

Phantom Fireworks of Youngstown is one of a handful of Type B – brick-and-mortar sportsbook – licensees affected by the proposal.

The company is in the process of securing a location for a betting parlor and has proposed an addition to be built at Covelli Centre to house it.