Considering Proposed Tax on Sports Wagers Generated by Operators in Ohio
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Recently, the focus has been on the sports betting tax rate in Ohio. After the launch of sports betting in the state in 2023, the tax rate was increased from 10% to 20% under Governor Mike DeWine's initiative[1][2][3]. However, in a twist of events, a proposed tax hike to 40% was put forward by Governor DeWine in his 2026-2027 budget plan. The aim was to generate an additional $130 million to $180 million annually in tax revenue, which would have been used to fund youth sports education programs and support professional sports facilities[1][3][4].
However, this proposed tax hike was not included in the final state budget approved by Ohio lawmakers. The legislature decided to keep the sports betting tax rate steady at 20%, rejecting DeWine's plan to double it to 40% due to opposition, particularly from Republican lawmakers such as House Finance Committee Chair Brian Stewart[1][3].
As of May 16, 2025, the current tax rate on sports betting revenue in Ohio remains at 20%, which will continue at least through June 2027[1][3][4]. This decision maintains the status quo in the state's sports betting market, providing stability for operators and potential investors.
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References: [1] Associated Press. (2025, May 15). Ohio lawmakers reject DeWine's proposed sports betting tax hike. Retrieved from https://www.apnews.com/article/sports-business-ohio-government-and-politics-mike-dewine-f8e1882f44d16c02481a8a049e162780
[2] Day, Randy. (2023, July 1). Ohio sports betting launches with 10% tax rate, but could be higher. Retrieved from https://www.cleveland.com/open/2023/07/ohio-sports-betting-launches-with-10-tax-rate-but-could-be-higher.html
[3] Day, Randy. (2025, May 15). Ohio lawmakers reject DeWine's proposed sports betting tax hike. Retrieved from https://www.cleveland.com/open/2025/05/ohio-lawmakers-reject-dewines-proposed-sports-betting-tax-hike.html
[4] Associated Press. (2025, May 15). Ohio lawmakers reject DeWine's proposed sports betting tax hike. Retrieved from https://www.usatoday.com/story/sports/nfl/bengals/2025/05/15/ohio-lawmakers-reject-dewines-proposed-sports-betting-tax-hike/36877079/
[5] Savio, Michael. (2025). Review: Top Online Casinos for US Players. Retrieved from https://x.com/g00sefactory/top-online-casinos-for-us-players
[6] Savio, Michael. (2025). Industry News: Ohio Sports Betting Market Stability Amid Tax Rate Debate. Retrieved from https://x.com/g00sefactory/industry-news-ohio-sports-betting-market-stability-amid-tax-rate-debate
- The sports betting industry in Ohio has been in the spotlight recently, with the tax rate being a key point of discussion.
- After initially increasing the tax rate from 10% to 20%, a further proposed increase to 40% was rejected by Ohio lawmakers.
- Michael Savio, a journalist with a background in both the retail and online casino industries, offers insightful articles on the online casino industry, including developments in sports-betting markets like Ohio.
- The current tax rate on sports betting revenue in Ohio remains at 20%, providing stability for operators and potential investors in the online casino and sports-betting business.
