Ohio Bans College Player Props: Impact on Sports Betting Industry

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00:00 [MUSIC]

00:05 Okay, so let's get started here.

00:07 And I mentioned this earlier in the show, one of the signature events for

00:11 sports bettors around the United States for many years.

00:15 In fact, it's the kind of thing that people,

00:18 back when sports betting was illegal, used to travel to Vegas for

00:20 the first weekend of the NCAA tournament.

00:24 Now people in Ohio come NCAA tournament time,

00:27 I have a feeling Mike are gonna wake up for the tournament.

00:29 They're gonna go on their sports betting app and

00:31 they're gonna wanna bet on player props.

00:33 And if they're not watching shows like ours,

00:35 they're not gonna know that they can't do it in Ohio.

00:38 So that is the hammer down on the ruling there.

00:41 Why do you think this came to pass?

00:42 >> Yeah, Craig, I think this just stems from the fact that if you go back to when

00:47 Ohio sports betting opened about a year ago, Anthony Grant on Dayton,

00:51 I think his team suffered a heartbreaking loss.

00:53 And his players were threatened on social media, I believe,

00:56 the way that he put it.

00:57 He was very frustrated, came out, had a really long answer to a question about

01:02 this, and just said our fans need to be smarter.

01:04 If you care about these kids, you shouldn't be doing this stuff.

01:07 And I think Ohio State was also vocal about it as well.

01:10 So you have big universities in the state that have college athletes and

01:14 they're getting social media threats or

01:18 harmful text messages from bettors who are upset that their bets aren't hitting.

01:23 A kid doesn't hit his over under prop in points or rebounds.

01:26 And all of a sudden, you've got a problem.

01:29 And so the industry obviously came out and said we don't like this because

01:34 they're gonna go bet on the black market, the gray market.

01:37 They're not gonna bet Fandula Draftkin, so they'll find another way.

01:41 And basically what the Ohio Casino Control Commission said is,

01:45 based on what you told us, you can't really prove that, I guess, so to speak.

01:49 It wasn't a clear and convincing argument for them.

01:52 The handle that's taken on these bets was kind of rather minuscule,

01:56 even though I think it was over 100 million in 2023.

01:59 I think they took 7.6 billion overall in handles, so that's like a percent or so.

02:04 And that was kind of their reasoning to why they agreed with the NCAA and

02:08 even the governor, Mike DeWine,

02:09 he also came out in support of this college prop ban, and that's it.

02:13 So you're not gonna be able to bet college props in Ohio.

02:17 Whether people decide to go on this gray black market, you hope they don't, but

02:22 that's certainly possible.

02:23 But again, I think they just felt, for the legal regulated industry,

02:26 as the government, they wanted to protect these student athletes from threats and

02:30 harm, and they think that this move, this ban, is gonna decrease it.

02:34 Whether that's the case, we'll probably find out in a year.

02:37 And there's other states, obviously, that have done this.

02:38 There's states that still have it.

02:40 So I wouldn't be surprised, obviously, if more states continue to ban it.

02:44 I mean, this feels like kind of the wave, right?

02:46 Let's let them bet on the college teams and the traditional markets of

02:51 spread, money line, total, all that kind of stuff.

02:55 But let's get rid of betting on specific players, so if they don't hit,

03:00 hopefully they aren't subject to these threats potentially they're receiving.

03:02 And their social media DMs on Twitter and Instagram and TikTok and

03:07 all that from better sort of upset that their bets don't hit.

03:09 I mean, that's unacceptable no matter where you are,

03:11 whether you're pro or college, that's unacceptable.

03:14 [MUSIC]

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