Ohio lawmakers propose 2% tax on sports betting handle
Ohio lawmakers have proposed a 2% tax on sports betting wagers, alongside the existing 20% tax on adjusted gaming revenue, according to the report. SB 199, sponsored by state Senator Louis Blessing, would allow operators to deduct the 0.25% federal excise tax on handle; the proposed proceeds would support youth sports and state-owned sports facilities.
If enacted, the proposal would add a tax on wagers to Ohio sportsbooks’ existing gaming-revenue tax.