Ohio approves DFS
Daily fantasy sports bill would take effect in Ohio as soon as the state’s governor signs the bill.
US.- As the Congress of the State of Ohio has approved the bill regulating daily fantasy sports (DFS), the legislation could take effect as soon as the Governor John Kasich signs it. It is expected that the new daily fantasy sports market in the United States begins its operations in the following months once the Ohio Casino Control Commission grants the first license.
Under the new regulation named House bill 132, Ohio will become the 19th US state to legalise the gaming modality. The bill was first approved in May by the House of Representatives, and yesterday was passed by the legislature by 86 votes in favour against 3. Now the law will take effect once is signed by Governor Kasich.
Once the legislation takes force, the Ohio Casino Control Commission will be able to grant licenses and regulate the operations. Each license will cost US$10,000 a year and “can be obtained for a maximum three year period before reapplying, with all licensing fees going directly to the Ohio Casino Control Commission Fund,” as explained by the statement.
In Ohio the current law prohibits any games of chance, although daily fantasy sports platforms have not been removed neither. Under the upcoming regulation, the Ohio Casino Control Commission would grant operating licenses to private companies, which would be required to pay US$30,000 as registration fee. The Commission would also manage the legal industry.