Ohio Sports Betting: BetMGM and the Cincinnati Reds Partner Up, With Retail Book Planned
Sports wagering in Ohio counts on the pal system, as demonstrated by news of another official partnership.
BetMGM revealed on Tuesday that it is now a main sports wagering partner of the Cincinnati Reds, sealing their long-running intentions for retail-wagering ties in the Buckeye State.
The multi-year contract in between the bookmaker and Big league Baseball team consists of plans for a brick-and-mortar BetMGM sportsbook at the Reds' Great American Ball Park.
BetMGM's retail book will be open year-round. It will just be accessible outside the ticketed areas of the ballpark, according to a news release, on the northeast side of the place where the Machine Room dining establishment is currently situated.
Signed, sealed, and almost provided
The Reds have already received conditional approval for a brick-and-mortar sportsbook from the Ohio Commission, with BetMGM noted as the proposed management services service provider for the business.
In addition to offering statewide online sports betting, BetMGM intends to serve as a retail operator for MGM Northfield Park and the Cedar Downs off-track wagering facility as well.
Legal sports wagering in Ohio is arranged to begin on Jan. 1, 2023.
"With sports video gaming concerning Ohio, the Reds sought to bring the greatest quality operator to our ballpark for those fans who pick to get involved in sports gaming," said Doug Healy, the primary financial officer of the Reds, in a press release. "BetMGM is renowned for their proficiency in home entertainment and sports video gaming, and we think their brand best fits our high client requirements and will also help draw visitors to our city."
A proprietary model for sports wagering
Ohio's sports-betting law at first allows for as much as 25 online sports betting licenses to be granted to "owners," such as a gambling establishment or sports group, who can partner with approximately two mobile management companies, such as BetMGM.
The online licenses in Ohio are in addition to 40 authorizations for brick-and-mortar sportsbooks that are offered for owners, who can also use a provider to conduct those in-person wagering operations. Seventeen owners, including the Reds, have actually been conditionally awarded their retail licenses.
There are also more than 1,000 bars, dining establishments, and other services in line to host sports-betting kiosks.
The retail sportsbook at the home of the Reds will be BetMGM's second such facility at a Big league Baseball arena. The first is the sportsbook the operator runs at Nationals Park in Washington, D.C., which opened in January 2022.
BetMGM will have "prominently featured" signs at Great American Ball Park, including one that will be permanently plastered in the outfield, the press release kept in mind. The operator, which is likewise a main sports betting partner of MLB, will have its own suite and club seats at the arena, too.