Defeat of Proposed Ohio Tax Increase Targeting Sports Betting Businesses

Ohio Budget Proposal Met with Resistance: Increase in State Tax Rate from 20% to 40% Stalls Due to Lack of Support Among Legislators

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2025 May 24 . 9:46 PM

2 min read

Ohio's budget proposal to boost state tax rate from 20% to 40% met rejection, as it failed to... — Ohio's budget proposal to boost state tax rate from 20% to 40% met rejection, as it failed to garner approval from legislators. The unpopular plan was eventually discarded.

Defeat of Proposed Ohio Tax Increase Targeting Sports Betting Businesses

Shaking Up the Betting Game in Ohio: Tax Rates and Discussion 🎲 By: Mike Savage 04/17/2025 02:50

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Oh, the drama in Ohio! The tax rate for sports betting operators has been quite the rollercoaster. It was initially set at 10%, but a surge in the demand for spin and swings led to a whopping double in 2023 - bumping it up to 20%. But guess what? Lawmakers are now arguing that it's too high! They're considering cutting this rate in half and lowering it to 10% once again[3].
You'd think there'd be rejoicing at the potential tax cut, but not everyone's on board. Some lawmakers believe that sports stadiums and academies could benefit from a little increased support, and Governor Mike DeWine's proposed a game-changing plan[2][4][5]. He's pushing to double the tax rate to 40%, bringing in more moolah for those flashy multi-use arenas and up-and-coming sporty academies. But other legislators have different plans, suggesting a slightly less drastic 36% increase instead[3][4].
The proposed tax hike has got people talking, with many industry experts raising valid concerns[5]. Could operators pack their bags and bid Ohio adieu? Would folks start taking their bets offshore instead? Only time will tell. But rest assured, the lawmakers are listening and will make a decision soon[3][4].

[1] Winter, P. (2023, July 1). "Ohio Doubles Sports Betting Tax Rate." Retrieved March 25, 2025, from [link]

[2] Tylko, S. (2025, February 15). "DeWine Proposes Higher Tax Rate for Sports Betting in Ohio." Retrieved March 25, 2025, from [link]

[3] "Ohio Senate Committee Advances Sports Betting Bill | Cleveland.com." (2025, March 12). Retrieved March 25, 2025, from [link]

[4] "Increased Tax Rates for Ohio Sports Betting in the Works?" (2025, February 10). Retrieved March 25, 2025, from [link]

[5] "Impact of Potential Sports Betting Tax Increase on Ohio's Operators and Bettors Remain Unclear." (2025, February 20). Retrieved March 25, 2025, from [link]

Amidst the ongoing debate over tax rates, Mike Savage delves into the potential impact of a 40% tax rate hike on sports betting operators in Ohio, shedding light on the concerns raised by industry experts.
As the Ohio Senate Committee contemplates lowering the sports betting tax rate from 20% to 10%, Savage discusses the recent proposals, highlighting the differing opinions among lawmakers regarding the use of funds for sports stadiums and academies.
In his analysis, Savage explores the possibility of sports-betting operators leaving Ohio or customers turning to offshore sports betting platforms if the tax rate continues to rise, emphasizing the financial implications for both the industry and the state.