Ohio gets ready to regulate DFS
After the Governor signed HB 132 into law, Ohio is now ready to regulate DFS in case PASPA gets finally revoked.
US.- The U.S. Supreme Court has still not ruled on PASPA and its potential ending is still just a projection. However, several states have already passed and even signed bills to regulate sports betting should that be the case and Ohio has became the latest to do so with daily fantasy sports (DFS).
Governor John Kasich signed House Bill 132 into law and turned the Buckeye state into one of the nearly 20 states to adopt DFS regulation. The bill, which passed the Senate by a 25-4 vote, foresees that the Ohio Casino Control Commission will be the designated authority to control the segment.
The piece of legislation was approved by the biggest baseball teams in the state as the Major League Baseball is interested in the market which gathers 1.9 million Ohioans every year.
Despite the major amount of players that DFS have in Ohio, the industry’s growth has slowed down and forced projections to be dropped from US$8 million to US$5 million for 2020.
Daily fantasy sports are one of the most controversial forms of gambling, as there’s several groups that indicate it’s a skill-based game, while anti-gambling lobbyists call it sports betting.
