Ohio Makes Online Gambling Legal
Several states have passed legislation in recent years to make online gambling legal. Ohio is one of them. Governor Mike DeWine signed House Bill 29 into law in late December. It will allow for the legalization of Internet wagering on horse races and sports.
It may also be the first state to offer legal online casino games. The state is expected to launch its online sports betting service in January 2023.
However, there is no guarantee that you’ll win big on the Internet. This is because the industry is still in its infancy. It’s not uncommon for gamblers to lose $2-5 on a $100 wager.
The best way to avoid online gambling disasters is to be responsible. Don’t gamble with money you don’t have, and don’t spend resources that will help you pay your rent or mortgage. The last thing you need is a gambling debt that spirals out of control.
On the regulatory front, Ohio’s Gaming Control Board is currently licensing businesses that will operate within the state. The Ohio Casino Control Commission is also working to license more businesses that will serve the state’s online gaming market.
On the legal front, there are plenty of federal criminal statutes that are implicated in illegal Internet gambling. The most egregious is the Unlawful Internet Gambling Enforcement Act (UIGEA). The act prohibits banks and other financial transaction providers from accepting financial instruments from illegal Internet bettors.
The most comprehensive list of states that have regulated or permitted online gambling is a long one. There are twenty states that allow residents to bet on sports events using the Internet. In fact, in 2011, the Department of Justice allowed states to pass legislation related to Internet gambling.