The bill also allows for betting kiosks in bars and nightclubs that serve hard liquor. Betting will be limited to point spreads, total points scored in a game and money lines, which is an odds-based bet on which team will win. It also imposes a $200 a day betting limit.
In addition, the legislation would permit electronic bingo at veteran’s and fraternal organizations overseen by the Ohio Attorney General’s Office and sports pool betting run by the Ohio Lottery Commission.
Under the college athlete compensation bill, universities or college athletic conferences would be prevented from punishing athletes if they are compensated based on their sports performance.
Such compensation could involve anything from a book-signing at a bookstore to a deal with a local restaurant. Exceptions include sponsorships for marijuana, alcohol, tobacco and casinos, which are not permitted under the bill, according to bill sponsor Sen. Niraj Antani, a Dayton-area Republican.
Athletes would have to notify universities 15 days ahead of signing endorsement contracts.
Since 2019, at least 16 states — including Arizona, Nebraska, and Michigan — have approved legislation allowing college athletes to make money through advertisements, sponsorship deals and other types of promotions based on their athletic success.
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