“The for-profit organization is now eyeing an opportunity to grow its appeal and revenue stream.”
GENEVA, Ohio — In three and a half months, sports betting will officially become legal in Ohio. On January 1st, some of the state’s major players, including all of Cleveland’s big league teams, will be eligible to start taking bets.Now some smaller Northeast Ohio communities and organizations are also hoping to get into the game.
The for-profit organization is now eyeing an opportunity to grow its appeal and revenue stream. SPIRE and its parent company Geneva Sports LLC recently teamed up with a gaming operator, Out The Gate, to apply for a retail and online sports betting license with the Ohio Casino Control Commission. He said leadership is still identifying the best location for a sportsbook. Possibilities include a new retail center with a hotel and coffee shop going up outside of the main campus. Orloff also said there are hundreds of acres owned by SPIRE that could work.
Additionally, Ordine said Out The Gate plans to cater its service to more sophisticated sports betters, who it believes are not being served by many popular sportsbooks, rather than young or beginner betters. The Ohio law making sports betting legal on January 1st requires 98% of sport-gaming tax revenue to go to a fund supporting public and private schools. Half of the money must go to K-12 education and the other half must go to interscholastic sports and extracurricular activities.
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