Is PrizePicks Legal in the State of Ohio?
PrizePicks is not legal in Ohio even though sports betting is now fully regulated and offshore sportsbooks have been accessible from the Buckeye state for the better part of two decades now.
The PrizePicks void is especially interesting in that daily fantasy sports is permitted in the state. PrizePicks is among the most popular DFS sites out there right now.
Language in Ohio law seems to target the company specifically.
Ohio Casino Control Commission Rule 3772-74-11 prohibits DFS operators from offering “proposition selection or fantasy contests that have the effect of mimicking proposition selection.”
That's the PrizePicks model in a nutshell.
Of course you can still bet on anything from a player's total over/under points scored to how many interceptions a particular quarterback like Joe Burrow will have this weekend.
A certain percentage of those dabbling in daily fantasy sports will ultimately end up placing real money sports wagers, assuming they are not already. It's how DraftKings and FanDuel became two of the biggest sports betting companies in the U.S. regulated market.
PrizePicks ranked No. 66 by the 2022 Inc. 5000 Fastest-Growing Private Companies in America List for fastest growing private companies.
The company says it "works diligently alongside state regulators to meet requirements for the states that they operate in. This includes taking a wide number of measures to promote responsible gaming, like self-exclusion and playing limits as well as ensuring we are compliant with all applicable state consumer protection and banking secrecy requirements."
On January 1, 2023, Ohioans placed their first sports bet at state-regulated retail books. They missed out by a single day placing wagers on the Ohio State Buckeyes to beat Georgia in their Saturday College Playoff bowl game. The Buckeyes lost by one point after kicker Noah Ruggles' field goal attempt went wide left in the final seconds. A made field goal would have sealed the deal for Ohio State.
Sports bettors have plenty to celebrate in the coming weeks and months as the Cincinnati Bengals were looking to go deep in the playoffs, the Cleveland Cavaliers were playing well, the Guardians were among the top 10 favorites to win the 2023 World Series and the Buckeyes do have a good basketball team.
The legal age to bet is 21 (offshore books have long allowed those 18 and up to place bets online). Tax will be 25% of all winnings when providing a social security number and up to 28% should you prefer not to provide this information. A state tax of 4% will be docked from one's winnings as well. Offshore books and local bookmakers do not report winnings.
Examples of Player Props in MLB
Rot Nick Pivetta (BOS) Total Strikeouts Moneyline
705 Over 6½ Strikeouts +130 pays $13 for every $10 bet
706 Under 6½ Strikeouts -170
Rot Justin Turner (BOS) Total Bases Moneyline
725 Over 1½ Bases +160 pays $16 for every $10 bet
726 Under 1½ Bases -220
Rot Joey Lucchesi (NYM) Total Earned Runs Moneyline
709 Over 2½ Earned Runs +140 pays $14 for every $10 bet
710 Under 2½ Earned Runs -180
Rot Francisco Lindor (NYM) Total Bases Moneyline
721 Over 1½ Bases +110 pays $11 for every $10 bet
722 Under 1½ Bases -150
Rot JD Davis (SFO) Total Bases Moneyline
729 Over 1½ Bases +155 pays $15.50 for every $10 bet
730 Under 1½ Bases -210
Rot Pete Alonso (NYM) Total Hits Moneyline
787 Over ½ Hits -350
788 Under ½ Hits +220 pays $22 for every $10 bet
Rot Luis Guillorme (NYM) Total Hits Moneyline
789 Over ½ Hits -230
790 Under ½ Hits +170 pays $17 for every $10 bet
- Ean Lamb, Gambling911.com
