A Barstool Sportsbook Will Soon Rise at Hollywood’sCasino Toledo


Hollywood Casino Sports Betting Background

  • Hollywood Casino in Toledo Ohio announced plans to offer legal sports betting at its location.
  • Part of the current expansion at the casino is the construction of a retail Barstool Sportsbook inside the property.
  • State officials announced last Wednesday that legal sports betting in Ohio would go live on New Year’s Day 2023.

A retail Barstool Sportsbook will soon rise in the Hollywood Casino in Toledo.

The sportsbook is part of the ongoing expansion at the casino which also includes a Barstool restaurant in 2023.

In an interview with TV station WTOL 11, Hollywood Casino Toledo general manager Brad Hirsch revealed the plans:

“We’ve got our current casino expansion going on right now and that’ll be completed in February which is our new outdoor gaming terrace and this will be the next phase we go into by building a new sportsbook.”

Legal Sports Betting Market Worth $3.35 Billion

Ohio’s sports betting law allows betting on a wide variety of sporting events, including collegiate games. It permits casinos, stadiums, bars, and restaurants to apply for a sports betting license. Legal Ohio sports betting will be regulated by the Ohio Casino Control Commission.

According to an estimate from the Ohio Legislative Service Commission, the legal Ohio sports betting market is expected to be worth $3.35 billion after several years of operation. Sports betting will be taxed at 10% of revenues and it is estimated that it would produce $7 million during the first half of 2023 and $24 million during its first fiscal year.

Gov. DeWine Signs Off HB 29

Last December, Gov. Mike DeWine signed House Bill 29 into law, legalizing sports betting in Ohio, in an expected move to help the state compete with its neighbors like Indiana and Michigan which have already started operating legal sports betting industries in their respective jurisdictions.

The Hollywood Casino in Toledo is located at Miami Street, just off I-75 on the banks of the Maumee River, opened in 2012. It has 125,000 square feet of gaming area and has more than 2,000 slot machines, 60 table games, and 20 poker tables. The property has five restaurants and a live entertainment venue.





Source link