The Cincinnati Bengals are one of eight companies to apply for one of 85 Ohio sports betting licenses available so far.
A Type A license would allow the Bengals to partner with two companies and share profits from sports betting apps. Geoff Zochodne of Covers told WCPO’s Dan Monk that the team plans to get an important partner in this endeavor.
“They will probably end up with a pretty significant partner,” Zochodne said. “This is an NFL franchise. There are so many in the United States. They are fresh from that Super Bowl rush. There will be a lot of interest in collaborating with them. “
A Type A license costs the Bengals up to $ 3.33 million. The Cincinnati Reds and FC Cincinnati have hinted that they want to make a foray into this area as well, but have not applied at the time of writing.
The article cites projections that sports betting in Ohio will be a $ 1 billion industry in its first year and rapidly grow past the $ 3 billion mark.