Ohio May Ban College Player Prop Bets: Sports Betting Effects

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00:00 (upbeat music)

00:02 - Okay, so sports betting props,

00:05 very prevalence in sports betting has been legal.

00:07 We're seeing a lot of college props.

00:09 We saw a ton by the way,

00:10 for the college football national championship,

00:12 more Mike than I've ever seen.

00:14 Apparently in Ohio though,

00:15 there's a story that there is a chance at least,

00:19 that in that state,

00:20 you may not be able to bet college props.

00:22 What's the latest there?

00:23 - Yeah, so the NCAA asked Ohio

00:26 to stop offering college player props.

00:28 Some states don't offer them.

00:30 Massachusetts doesn't offer them, Craig.

00:32 There was a huge incident over,

00:34 prior to the weekend where BetMGM had taken

00:37 like 15,000 wagers I think,

00:40 on player props as part of parlays,

00:42 tolling I think $200,000 in stakes in Massachusetts.

00:45 So the regulator wasn't happy obviously,

00:47 because that's banned in Massachusetts.

00:49 They shouldn't have been taking those bets.

00:50 Took them for a while.

00:51 They're gonna face an adjudicatory hearing.

00:52 So that's all gonna come into play in Ohio.

00:54 Maybe it's not the same state,

00:55 but it's how other states are cracking down.

00:57 So you have the governor agreeing with the NCAA,

00:58 Charlie Baker, the president,

01:00 saying they shouldn't have this.

01:01 So now it goes back to the Gaming Commission,

01:03 who then put out a letter to the operators saying,

01:05 you know, you can offer public comment

01:07 on maybe why they should stand.

01:08 It's understandable given the threats these kids are facing,

01:11 why you wouldn't want this.

01:12 But at the same time, if the, you know,

01:14 the fandals and draftkings of the world aren't operating,

01:16 perhaps the illegal offshore books do.

01:18 And so then the athletes still get the same threat.

01:20 So it's kind of a tough situation.

01:22 I think for the books, it would be a PR win

01:23 if they decided, you know,

01:25 preemptively to say we're out of this.

01:26 But at the same time, I mean,

01:28 if they're not offering it,

01:29 somebody else nefarious could be doing so.

01:31 And these kids are gonna still face the same threats,

01:33 unfortunately, if they don't hit their, you know,

01:34 25 point prop or their 30 point prop or 10 rebound,

01:38 whatever it be in a certain game.

01:40 That's the disappointing part.

01:41 And there are, you know,

01:43 integrity monitoring solutions and numbers

01:45 athletes can contact, you know,

01:46 if they hear threats, obviously,

01:47 to make sure those threats are taken care of.

01:49 But yeah, I wouldn't be surprised

01:50 if this is the end of Ohio for college prop betting

01:53 on players anyway.

01:54 - Yeah.

01:55 (upbeat music)

01:57 [MUSIC]

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