Jake Paul’s Betr gets Ohio License
Ohio regulators have now approved 16 online sports betting operators before the launch on January 1st, 2023.
One of them is the micro-betting company Betr. Betr Holdings Inc. received a permit as a five-year mobile management services provider. The company is run by the founder and CEO Joey Levy, and social media star and boxer Jake Paul.
More licensing! The Ohio Casino Control Commission just approved online sports betting permits for @betr and @Fanatics, among others. Legal sports betting won’t start in the Buckeye State until Jan. 1, 2023, though. pic.twitter.com/dZRmGCYClM
— Geoff Zochodne (@GeoffZochodne) November 16, 2022
During a meeting yesterday, Levy confirmed that if Betr were awarded a license, it would play a “meaningful role” in the state’s sports-betting market by providing a different kind of player experience.
The license will allow Betr to conduct online sports betting on behalf of its “proprietor” partner, which is the Pro Football Hall of Fame Village in Canton. The village already got approval for a mobile sports wagering license. However, no legal sports wagering can begin in Ohio until Jan. 1, 2023, the state’s universal start date.
To add, Betr has mentioned their focus on responsible gambling measures. For example, Betr won’t allow deposits with credit cards and will subject players between the ages of 21 and 25 to limits on their wagering. Levy shared, “We plan on becoming a market leader in the U.S. and are excited by the possibility of beginning our journey in the great state of Ohio,” said Levy, who is also Betr’s CEO.
Overall, there are 40 proprietor licenses available for brick-and-mortar sportsbooks in Ohio. In addition to more than a thousand businesses that could host lottery-linked sports-betting kiosks.
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