Since opening sizable bandgaps in bilayer graphene (BLG) was proven possible, BLG has attracted considerable attention as a promising high-mobility candidate material for many electronic and optoelectronic applications. However, the bandgaps observed in the transport experiments reported in the literature are far smaller than both the theoretical predictions and the bandgaps extracted from optical measurements. In this study, we investigate the factors preventing the formation of large bandgaps and demonstrate that a ~200-meV transport bandgap can be opened in BLG by scaling the gate dielectric and employing a ribbon channel to suppress the percolative transport. This is the largest transport bandgap that has been achieved in BLG to date.