Indians join Ohio sports teams in support of fantasy sports betting
September 29, 2017 9:41 AM
by Robert Mann
World Series betting favorite Cleveland Indians have joined the Ohio sports teams and companies that support a proposed law to legalize fantasy sports betting in the state.
“The future of fantasy sports is important to the Cleveland Indians,” wrote chairman and chief executive Paul Dolan in a letter submitted this week to the Ohio Senate Finance Committee. The team has been involved in a marketing partnership with DraftKings, an online fantasy sports site, since 2015, he added.
The legislation is currently in the Senate Finance Committee. It tasks the Ohio Casino Control Commission with the authority to regulate fantasy contests and to exempt fantasy contests from state gambling laws.
The legislation requires players be older than 18 and operators would be required to obtain a three-year license costing up to $30,000 for larger companies. The proposed bill also specifically bans fantasy contests based on youth or college sports.