Whether you live in Kansas, Virginia or Ohio, you can now legally place your bets on your favorite sports team with a sportsbook. If you’re looking for information on how to choose a sportsbook, check out this article.
Legalized sports betting in Ohio
Until recently, Ohio has been a state with no legal sports betting. However, the recent Supreme Court ruling removing the federal ban on sports gambling has led to several states passing legislation. The state is now among the five states with legalized sports betting.
In January, Ohio will be able to offer mobile sports betting, as well as live and online sports betting. There will also be kiosks that allow individuals to place bets at their leisure. The revenue from legalized sports betting in Ohio will be taxed at a rate of 10%. This tax will help fund problem gambling assistance programs and K-12 education.
Ohio will also be able to offer betting on tennis, motor sports, golf, and more. The law is expected to generate $50 million in tax revenue.
Legalized sports betting in Kansas
Several states have considered the legalization of sports betting. Kansas is one of the states that is expected to get its gambling licenses by 2022. It is also one of the states that could face a speedbump in 2022 due to a lawsuit filed by Boyd Gaming.
The state will collect a 10% tax from all bets. The tax will be used to fund problem gambling resources in Kansas. The tax will also be used to attract professional sports teams to Kansas. It has been rumored that the sports betting revenue will be used to lure the Kansas City Chiefs to Kansas City.
The Kansas Lottery will run sports betting in Kansas. In addition to running sports betting, the Lottery will run daily fantasy sports contests. There will also be a Problem Gambling and Addictions Grant Fund.
Legalized sports betting in Virginia
Earlier this year, the Virginia General Assembly passed a bill that will allow the state to operate its own online casinos and sportsbooks. This is good news for the gambling industry in general and Virginians in particular. Although the bill does not make the state a gambling mecca, it does allow the lottery to regulate a new industry.
The most important part of the bill is that the state will be able to collect a whopping 15% of the revenue that these new casinos generate. The state also wants to put a good chunk of that money towards education programs. The state will be able to do so thanks to the fact that gaming is taxed at 13 to 15 percent of adjusted gross revenue.
The Virginia Lottery has received nearly two dozen applications for sports betting licenses. Of those applications, eight are likely to go to established operators. One license may be held for a future Richmond casino. A spokesman says that the lottery is not only able to regulate the new industry but also that successful applicants will be identified when they are awarded their licenses.