Ohio governor proposes raising sports betting tax to 40%
Ohio Governor Mike DeWine proposed increasing the state’s sports betting tax from 20% to 40% in his final budget proposal. The measure could raise an additional $130 million to $180 million annually for a sports construction and education fund and youth sports initiatives. Sports Betting Alliance vice president Scott Ward warned that the increase could reduce investment and funding for responsible gaming.
Operators may face higher tax costs, while the proposal could affect investment and responsible-gaming funding.