Banned Mlb Legend Pete Rose

Pete Rose First Legal Sports Bet Ohio

MLB legend Pete Rose will place OH’s first ever sports bet at Hard Rock Casino Cincy

Legendary MLB shortstop Pete Rose will be at bat again after the 2022 New Year’s Eve clock counts down to zero, as Hard Rock Casino Cincy will open for legal sports betting at exactly midnight on January 1, 2023, and Charlie Hustle will place the first bet.

It’s a fitting, if not ironic, tribute to one of baseball’s legends, Rose, the former Cincinnati Reds outfielder/outfielder/manager who still holds MLB records for hits (4,256), games played (3,562 ), at bats (14,053), singles. (3,215) and at-bats (14,053), an Ohio icon who is still busy.

As notorious a sports gambler as he was known for his baseball skills, Rose agreed to a lifetime ban on August 24, 1989 after a Major League Baseball investigation concluded that he bet on the Cincinnati Reds to win while the team management, an MLB sin that is mostly unforgivable.

That black mark on Rose still sings his reputation, the 81-year-old baseball prodigy who would otherwise be inducted into the MLB Hall of Fame and still looking for some redemption, all part of what his participation in Ohio’s legal sports betting launch make so convincing.

The first official bet takes place at 12:01 am. on Jan. 1 at the Hard Rock Casino Cincinnati and chances are it will be packed with fans of the former MVP and Gold Glover, an exciting ceremony to kick off Ohio’s exciting (and hopefully lucrative) season. ) new venture.

For what seemed like forever, American bettors had to travel to either Vegas or Atlantic City to place their sports bets, but then in May 2018, the US Supreme Court overturned PASPA and gave each state the right to choose to legalize their sports bets, regulate and tax. own markets.

Since then, more than thirty states have done so, launching their own versions of legal sports markets, some with mobile-only or retail-only options available, most with both, and now Ohio will join them and start (by law) their own legal market. on the first of January 2023.

What Ohio lawmakers no doubt realized is that sports gamblers living in the state have always placed bets, it’s just that in the past those who couldn’t afford to travel to Vegas or Jersey were forced to use unregulated foreign sports books to deal with their actions.

Of course, since states were allowed to legalize their own such markets, most of Ohio’s closest neighbors, including Indiana, Michigan, West Virginia and Pennsylvania, all got in on the fun so any Ohio bettors living near a border , can be full advantage of it.

But all that money therefore flowed out of the state.

The US sports betting market is now a multi-billion dollar industry and growing

In just over four years, the U.S. legal sports betting industry has generated a $160 billion handle resulting in nearly $12 billion in sportsbook revenue for operators who in turn have paid states about $1.9 billion in tax revenue that is reinvested in each of those states. .

Now, starting in January, Ohio lawmakers will finally have done what is necessary to steady the outward flow of black market sports betting revenue by legally redirecting it back to where it can fully benefit the Buckeye State.

That process is still unfolding, so keep checking back for all the latest news and updates.

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