WynnBET Expands its Online Gaming Market Access to Ohio

WynnBET Expands its Online Gaming Market Access to Ohio
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As Ohio awaits its next move on sports betting, one company announced Thursday that it has entered the state’s marketplace to be ready when that next step happens.

WynnBET, the casino and sports betting app from Wynn Resorts, said in a news release that it had secured market access in Ohio, subject to license eligibility and availability, legalization, and regulatory approvals.

This would be the eighth state in which WynnBET plans to operate, according to the news release.

RELATED: Ohio has framework in place for 2021 sports betting push

WynnBET is available in New Jersey and Colorado, and will go live in Michigan on Friday. WynnBET has also secured access in Indiana, Iowa, Massachusetts (Encore Boston Harbor) and Nevada. It has also applied to be licensed in Tennessee and Virginia, which went live with its sports betting market on Thursday.

In September, Unibet and parent company Kindred Group announced they had gained market access to Ohio. Unibet and Kindred entered into an agreement with Penn National Gaming to operate online sports betting and online casino gaming pending legalization and regulatory approval.

The 10-year agreement allows Unibet and Kindred the access to pursue licensing in Ohio through Hollywood Casino.

Check Out: Latest updates and legal Tennessee Sports Betting Sites.

Legislation Stalled in Ohio in 2020

In mid-December, Ohio’s amended sports betting bill was given a bit of fresh air when granted a motion to review the proposal, but when the Ohio Senate General Government Agency Review Committee met, the new proposal was not on the meeting agenda and it did not reach the floor.

The amended bill included: 11 licensed casinos and racinos for on-site and online sports betting; Ohio Casino Control Commission (OCCC) will be the regulator; brick-and-mortar gaming licenses will be limited to a single online skin (down from three since September); 8% tax on sports gaming receipts; and 2% of tax revenue will go to problem sports gambling and 98% to education.

Licenses would cost $200,000 every three years ($100,000 for application fee, $100,000 for license fee — the same fees would apply for renewal).

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