{"id":5008,"date":"2023-07-04T00:00:00","date_gmt":"2023-07-04T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/america\/ohio-lawmakers-friday-became-the-first-in-the-nation-to-increase-a-states-tax-on-sports-betting-operators-after-it-went-live-in-a-u-s-jurisdiction\/"},"modified":"2023-07-04T00:00:00","modified_gmt":"2023-07-04T00:00:00","slug":"ohio-lawmakers-friday-became-the-first-in-the-nation-to-increase-a-states-tax-on-sports-betting-operators-after-it-went-live-in-a-u-s-jurisdiction","status":"publish","type":"america","link":"https:\/\/www.mundovideo.com.co\/en\/america\/ohio-lawmakers-friday-became-the-first-in-the-nation-to-increase-a-states-tax-on-sports-betting-operators-after-it-went-live-in-a-u-s-jurisdiction\/","title":{"rendered":"Ohio lawmakers Friday became the first in the nation to increase a state\u2019s tax on sports betting operators after it went live in a U.S. jurisdiction."},"content":{"rendered":"<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">The raise &mdash; from 10% to 20% &mdash; was first introduced by Gov. Mike DeWine when he shared his budget proposal early in the year. After a conference committee included the raise in its report and both legislative chambers approved it on Friday, DeWine signed into law the fiscal year 2024-25 budget bill with the increase, which went into effect on Saturday.<\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><a href=\"https:\/\/www.mundovideo.com.co\/america\/could-ohio-sports-betting-rules-change-sportsbook-ads-nationwide\" style=\"color:blue; text-decoration:underline\" target=\"_blank\" rel=\"noopener\">Could Ohio Sports Betting Rules Change Sportsbook Ads Nationwide?<\/a><\/span><\/span><\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">According to a line item in the bill, the new tax will generate an additional $100 million in revenue, which will be funneled mostly to the Sports Gaming Profits Education Fund. As mandated by the original law, 2% of the increase in tax revenue will be directed to the Problem Sports Gaming Fund.<\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><a href=\"https:\/\/www.mundovideo.com.co\/america\/an-ohio-commission-order-block-wagers-over-university-of-alabama-baseball-program\" style=\"color:blue; text-decoration:underline\" target=\"_blank\" rel=\"noopener\">An Ohio commission order block wagers over University of Alabama Baseball program<\/a><\/span><\/span><\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">Former state Rep. Dan Dodd, who had previously championed legal wagering in the legislature, said the state could lose on licensing fees and potentially see a decline in the number of operators in the state. <\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><a href=\"https:\/\/twitter.com\/dan_dodd?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1674856831091367940%7Ctwgr%5E262a6d710e9a0083a21bec02aaa56a8b761e6868%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fsportshandle.com%2Fohio-lawmakers-double-sports-wagering-tax%2F\" style=\"color:blue; text-decoration:underline\" target=\"_blank\" rel=\"noopener\">https:\/\/twitter.com\/dan_dodd?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1674856831091367940%7Ctwgr%5E262a6d710e9a0083a21bec02aaa56a8b761e6868%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fsportshandle.com%2Fohio-lawmakers-double-sports-wagering-tax%2F<\/a><\/span><\/span><\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">Some stakeholders are concerned that the tax increase, which makes Ohio one of 10 among the 40 legal gaming jurisdictions with a tax rate of 20% or more, could mean that some smaller platforms will be priced out of the state.<\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-size:20.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">The increase came just two days after the OCCC offered up its latest tightening of advertising guidelines. <\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">The agency updated its FAQs to reflect that sportsbook operators cannot market directly through non-sportsbook transactions, meaning that food delivery or other apps cannot offer pop-up promotional offers for wagering after an order is placed and that companies that sell other goods cannot offer promotional play to consumers after a purchase. <\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">The proposed regulations are open for comment until July 12.<\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">The Ohio Casino Control Commission (OCCC) launched 16 digital platforms and 13 retail locations on Jan. 1, including national operators Barstool Sportsbook, <\/span><\/span><\/span><a href=\"https:\/\/sportshandle.com\/betmgm-sportsbook\/\" style=\"color:blue; text-decoration:underline\"><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">BetMGM<\/span><\/span><\/span><\/a><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">, Caesars, DraftKings, and FanDuel. There are now 18 live platforms.<\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">Some stakeholders are concerned that the tax increase, which makes Ohio one of 10 among the 40 legal gaming jurisdictions with a tax rate of 20% or more, could mean that some smaller platforms will be priced out of the state. Betr, one of the newest entrants into legal wagering in the nation; betJACK, part of a local casino chain; and Betly, which is partnered with Miami Valley Gaming, are among those that launched on New Year&rsquo;s Day.<\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">Betr is also operational in <\/span><\/span><\/span><a href=\"https:\/\/sportshandle.com\/massachusetts\/\" style=\"color:blue; text-decoration:underline\"><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">Massachusetts<\/span><\/span><\/span><\/a><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">, where the tax rate is 20%.<\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><strong><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">Higher tax rate has potential downside<\/span><\/span><\/span><\/strong><\/span><\/span><\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">Americans for Tax Reform points to the increase as a <\/span><\/span><\/span><a href=\"https:\/\/www.atr.org\/high-stakes-for-ohio-taxpayers-in-budget-negotiations\/\" style=\"color:blue; text-decoration:underline\"><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">&ldquo;tax risk&rdquo;<\/span><\/span><\/span><\/a><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\"> and wrote that at the 10% rate, Ohio operators are &ldquo;already on pace to deliver the revenue that the Senate budget predicts under the proposed tax increase.&rdquo;<\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">Sign Up For The Sports Handle Newsletter!<\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">Principio del formulario<\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">I also want to receive information and offers about online sportsbooks (eg. odds boost, welcome offers) <\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">Final del formulario<\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">Former state Rep. Dan Dodd, who had previously championed legal wagering in the legislature, said the state could lose on licensing fees and potentially see a decline in the number of operators in the state.<\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">DeWine first suggested the increase a month after wagering went live in Ohio. The initial House version of the budget did not include the tax hike, but the <\/span><\/span><\/span><a href=\"https:\/\/sportshandle.com\/ohio-senate-sports-betting-tax-hike\/\" style=\"color:blue; text-decoration:underline\"><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">Senate amended the House version<\/span><\/span><\/span><\/a><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\"> in June to include the increase, and a conference committee kept it. Both chambers passed the budget Friday, with the Senate giving its approval, 25-6, and the House voting 67-30.<\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">The increase came just two days after the OCCC offered up its <\/span><\/span><\/span><a href=\"https:\/\/sportshandle.com\/ohio-regulator-advertising-clamp-down\/\" style=\"color:blue; text-decoration:underline\"><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">latest tightening of advertising guidelines<\/span><\/span><\/span><\/a><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">. The agency updated its FAQs to reflect that sportsbook operators cannot market directly through non-sportsbook transactions, meaning that food delivery or other apps cannot offer pop-up promotional offers for wagering after an order is placed and that companies that sell other goods cannot offer promotional play to consumers after a purchase. <\/span><\/span><\/span><span style=\"font-size:14.0pt\"><span style=\"font-family:Arial\"><span style=\"color:black\">The proposed regulations are open for comment until July 12.<\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The increase came just two days after the OCCC offered up its latest tightening of advertising guidelines.<\/p>\n","protected":false},"author":1,"featured_media":5009,"menu_order":318,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[2208,1403,2209],"class_list":["post-5008","america","type-america","status-publish","format-standard","has-post-thumbnail","tag-gov-mike-dewine","tag-ohio","tag-tax-sports-wagers","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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