With the growing popularity of online gambling and other means to gamble online, every State is bending its existing laws to accommodate the newest form of betting including off course fantasy sports which happens to be the most happening betting possibility of near future and US State Ohio is one such state who seems to be over optimistic with changing US climate over online gambling including sports betting and to make it one of the finest legitimated zones for sports bettors, a bill has been introduced in the Ohio senate to increase the regulation of pools, online daily fantasy sports, and other forms of online gambling. It is put on table by Republican Senator of West Chester, Bill Coley, and he calls it Senate Bill 356 which clarifies the state’s law on certain forms of gambling including upcoming betting practices on fantasy sports. Moreover, it will also put restrictions on certain betting forms like betting via electronic DFS sites that would be banned if they were categorized as schemes of chance.
Apart from that, new bill is also expected to grant the regulation and licensing of pools which are legal in Ohio, as long as they are not being conducted for profit and 100% of the proceeds are returned or distributed as prizes which is apparently not happening in current scenarios. Coley, who introduces the bill, says: “The Casino Control Commission will be right there to supervise operations and to clarify any changes in the rules,”
“This legislation is necessary to make sure that daily fantasy sports and e-sports that are currently online move forward and that the gaming is done correctly.”
Moreover, he also added he has prepared a substitute bill to authorize pools for profit and said, “a huge expansion of gaming in the state The bill that’s proposed to you does not expand gaming, it just clarifies it. But remember, if you want to let online companies that have no business in Ohio continue to operate and do it legally and we set forth the rules on which that happens, you have to have the same rules for the local bar owner down on the corner that just runs a pool for profit for his patrons.”
