Ohio budget proposal includes tax hike for betting operators
![Ohio sports betting news](https://bettingplanet.com/wp-content/plugins/lazy-load/images/1x1.trans.gif)
By: Mercy Dayil
- February 14, 2023
- LikeUnlikeLike
- 530 Views
Governor Mike DeWine’s latest budget proposal includes a significant tax hike for Ohio sports betting operators.
Under DeWine’s proposal, the tax on sports betting would double from 10% to 20%, with the additional revenue going to support a variety of causes such as athletic programs in schools, programs to help individuals with problem gambling, and administrative costs associated with overseeing the sports betting industry.
The 20% tax rate is slightly higher than the average of 19% levied by other states, according to a recent report by Bloomberg. However, the tax hike is seen as a necessary step to ensure the long-term viability and stability of the sports betting industry in Ohio.
Dan Tierney, the press secretary for the governor, stated that “it is part of the package designed to encourage better compliance with the rules”.
In addition to the tax hike, DeWine’s budget proposal includes provisions aimed at curbing illegal and unethical practices in the sports betting industry. This includes monitoring the advertisements and promotions of sports betting apps to ensure that they are in compliance with state laws and regulations.
Since the Ohio sports betting market went live on January 1, the likes of Caesars, DraftKings and BetMGM have already been sanctioned by the state regulator for failing to adhere to guidelines regarding gambling advertisements.
You may also like
Join the Betting Planet team!
Are you passionate about sports betting? Sports news writers required TODAY!
Experienced preferred but not essential. (All apps considered).
View Careers at Race Media![Betting Planet](https://bettingplanet.com/wp-content/smush-webp/2022/03/bp-white.png.webp)
![Race Media](https://bettingplanet.com/wp-content/smush-webp/2022/03/rm-text.png.webp)
Top Online Casinos
Latest Betting News
- Fritz v Tiafoe tennis tips & best odds | US Open 2024 preview
- Jorge Masvidal eyeing UFC return after failed boxing foray
- UFC Fight Night main card preview & top picks | Burns v Brady
- Navarro v Sabalenka US Open betting picks | September 5, 2024
- US Open: Draper reaches last four as de Minaur falls short again
- Heads fires as Australia demolish Scotland in first T20I
- US Open 2024: Fritz, Tiafoe to clash in all-American semi-final
- Scotland v Australia: Hosts taking confidence from T20 World Cup
- Burns v Brady UFC betting picks & predictions | September 7
- Jack Draper v Alex de Minaur US Open betting picks & best odds
Casino Guides
- Safest online casino jurisdictions
- How to guides
- How to win at pokies
- How to play online pokies
- PaysafeCard online casino deposits
- MasterCard Online Casinos
- Online Casinos Accepting POLi
- 32Red Casino Review
- All Slots Casino Review
- Boombet Casino review
- Horse racing games at casinos
- Credit card deposits at online casinos
- Films about blackjack
- Live dealer casinos
- How to play live dealer blackjack party
- Online Blackjack
- Top online casinos 2024
- Online casino deposits
- MasterCard Online Casinos
- Online Casinos Accepting POLi
- PaysafeCard online casino deposits
- Online slots
- Playing Pai Gow Poker on the Internet
- Online keno
- Online poker
- Online poker tournament structures
- Real money online roulette 2024
- Online multi-wheel roulette – what is it?
- How to play online scratch cards in 2024
- Sit & Go online poker tournaments
- Skrill e-wallet deposits at online casinos
- Visa online casino deposits
Sports Betting Guides
Casino Games
Deposits & Withdrawals
Football
Basketball
Top Country Betting sites
- Angola
- Antigua and Barbuda
- Armenia
- Australia
- Azerbaijan
- Bahamas
- Barbados
- Belize
- Brazil
- Canada
- Dominican Republic
- Germany
- Ghana
- Grenada
- India
- Indonesia
- Italy
- Kenya
- Malaysia
- Malta
- Ireland
- Netherlands
- New Zealand
- Nigeria
- Norway
- Philippines
- Singapore
- South Africa
- Turkey
- Uganda
- Ukraine
- United Kingdom
- Vietnam
- Zambia
- Zimbabwe