Sports betting will open in Ohio on Jan. 1, and the state could realize revenues of more than $30 million from fees this year.
Nonrefundable application fees of $9.6 million have already been received according to a report from PlayOhio. Once an application is approved, the vendor must pay a license fee to begin taking bets, then pay an annual fee to continue the license. Licenses are good for five years, at which time the fee structure begins again.
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