Ohio Sports Betting Tax Rate Nearing 10% Hike After Senate Passes Budget Bill

  • The Ohio Senate passed HB 33 seeking to raise the state’s sports betting tax rate to 20%
  • Senate, House, DeWine have until June 30 to approve the bill ahead of the 2023-24 fiscal year
  • A DeWine spokesperson Tuesday stated the “Governor is supportive of the measure.”
Interior of Ohio Senate chambers
News is that Ohio Gov. DeWine is “supportive” of signing off a bill raising sports betting tax to 20%, after HB 33 passed during a budget meeting in the Ohio Senate (pictured). . [Image: Shutterstock.com]

Sports betting in Ohio might only have started in January, but it made over $1bn handle in its debut month, saw Governor Mike DeWine publically attack sportsbooks for underage marketing, and now it’s within reach of raising the sports betting tax from 10% to 20%.

proposed tax hike “would put Ohio just a little bit over the national average of 19%,

While the Senate passed HB 33 with reinserted language Thursday, Governor DeWine announced that the proposed tax hike “would put Ohio just a little bit over the national average of 19%, according to Forbes” back in February.

Both Senate and House members will attend a conference committee to discuss the amendments. A deadline of June 30 means the two chambers and DeWine will have to hustle to get HB 33 into law ahead of the July 1 start of the 2023-2024 fiscal year.

Legal Sports Report, however, cited a spokesperson from DeWine’s office as stating on Tuesday that the “Governor is supportive of the measure.”

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