But regulation in Ohio, where DraftKings and FanDuel have a combined 400,000 customers, would be a key victory for the operators, and the populace appears to be largely enthusiastic about the prospect.<\/strong><\/p><\/blockquote>\nA 2016 poll found 65 percent of Ohioans aged 18 or older said they supported regulation.<\/p>\n
Competitive Pricing <\/strong><\/h2>\nUnder the terms of the bill, a three-year license would cost up to $30,000 for the biggest operators, which would make Ohio an operator-friendly jurisdiction. Delaware and Virginia, for example, have set their licensing fees at $50,000, despite their much smaller populations.<\/p>\n
In a written testimony this week Steve Brubaker, executive director of the Small Businesses of Fantasy Sports Trade Association, urged the Senate to act for the good of consumers.<\/p>\n
“These contests are conducted over the internet,” he wrote. “Players are sending their hard-earned money into cyberspace and trusting that the folks on the receiving end are reputable companies that will actually pay out the winnings.<\/p>\n
\u201cLicensing by the Commission, actually knowing who these companies are, provides a sense of comfort for players, that we believe will grow our player base over time,” he added.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ohio\u2019s fantasy sports bill has the backing of its major sports teams. This week, Cleveland Indians chairman and CEO Paul Dolan wrote to the Ohio Senate Finance Committee, which is examining the bill, in support of legal and regulated DFS. His letter joins others submitted to the committee last week by executives from the Columbus […]<\/p>\n","protected":false},"author":42,"featured_media":59813,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,16,1074],"tags":[],"acf":[],"yoast_head":"\n
Cleveland Indians Get Behind Legalized DFS in Ohio<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n