The brand new taxation on Ohio’s wagering money will be getting an raise. That’s, in the event that Governor Mike DeWine will get his method.

Simply six weeks on court Ohio sports betting business, DeWine provided an income tax speed increase regarding 10% to 20% within his has just put-out budget proposal towards 2024-2025 fiscal age.

The brand new taxation is actually levied toward online sportsbooks functioning in Ohio, along with the casinos, sporting events groups or other businesses that discover retail sportsbooks about state.

Ohio’s wagering taxation speed is relatively low

Ohio’s ten% tax towards the sports betting is found on the lower stop of your own range versus almost every other says that allow wagering.