Clear Conditions for Bonuses:
Under the fresh regulations, gambling companies are now prohibited from offering bonus bets and promotional credit linked to non-gaming transactions. The rules specify that promotions should not be aimed at individuals under the age of twenty-one, vulnerable players, or those ineligible for sports betting. Operators must adhere to the outlined requirements in rule 3775-16-08(C) of the Administrative Code.
Customer Loyalty Programs Allowed:
The OCCC clarified that these rules do not prevent sports betting proprietors from engaging in customer loyalty programs, as approved by the executive director. However, if a violation is discovered, or if the integrity of sports betting is compromised, operators must promptly cease offering promotions or bonuses.
Define Bonus Conditions Clearly:
To avoid any confusion, the OCCC mandates that risk-free bonuses should not necessitate consumer spending on sports gaming or withdrawing money from the free wager. The regulations also permit bonuses requiring funds to be played through, as long as Ohioan players face no restrictions in withdrawing their funds or winnings from wagers.
Transparent Communication is Key:
The commission emphasizes the importance of clear communication from gambling companies. The rules require operators to spell out the bonus details without ambiguity. This includes information such as active promotion dates, rules, prize nature and value, eligibility restrictions, wagering and redemption requirements, eligible events, cancellation terms, and comprehensive terms and conditions.
In Other Developments:
Separately, BetMGM opened a new sportsbook at The Banks in September, enhancing Cincinnati's entertainment scene. The sportsbook features multiple screens and kiosks, providing players with a top-notch betting experience.