As Ohio debates the best path to enter the legal sports betting arena, it is imperative that we do it right the first time. That means crafting a system that maximizes money for the state and enhances the business climate.
Today, legislators are debating two separate approaches: Senate Bill 111 would put the casinos in charge but does not specify how the proceeds would be spent; House Bill 194 would place sports betting under the Ohio Lottery Commission so profits would go to education.
The lottery offers the best path forward.
Ohio already made a major blunder by allowing casinos to write their own rules and create their own monopoly through a 2009 ballot issue. Casinos falsely sold the measure as a way to generate quick cash and boost economic development. Consider the recent comments of Matthew Schuler, executive director of the Ohio Casino Control Commission: “All of them (casino projections) were wrong.″